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Issue of New Shares for LTIP & Adjusted PDMR LTIP
Issue of New Shares for LTIP & Adjusted PDMR LTIP.
About this update from Burford Capital Limited
[{"type":"text","content":"\n\n \nJune 28, 2024\n \n \nNotification Of Share-Based Compensation Transactions\n \nBurford Capital Limited (\"Burford\"), the leading global finance and asset management firm focused on law, provides the following notifications of various transactions in connection with the Burford Capital 2016 Long Term Incentive Plan (the \"LTIP\").\n \nIssuance of New Ordinary Shares in Connection with LTIP\n \nIn connection with the LTIP, on June 26, 2024, Burford has issued 24,909 new ordinary shares, no par value per share (\"Shares\"), to satisfy the vesting of restricted stock units pursuant to the realization of awards under the LTIP on June 21, 2024.\n \nApplication will be made for these 24,909 new Shares to be admitted to trading on the AIM market of the London Stock Exchange plc. The expected date of admission is July 4, 2024. These 24,909 new Shares will also be listed on the New York Stock Exchange.\n \nFollowing the issuance of these new Shares, the Company's issued ordinary share capital is 220,082,694, of which 669,947 Shares are held in treasury and do not have any voting rights. Therefore, the total number of voting rights in the Company, excluding treasury shares, will be 219,412,747 after giving effect to this issuance of new Shares. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nAdjustment of Previously Awarded, Unvested LTIP Shares\n \nOn March 22, 2024, new grants of unvested Shares (50% of which are subject to performance conditions) were made to members of Burford's management committee under the LTIP as part of Burford's usual annual compensation cycle. The grants to Burford's Chief Executive Officer, Christopher Bogart, and Burford's Chief Investment Officer, Jonathan Molot, are made formulaically and a review of the grant computation following the release of our year-end financials resulted in an adjustment, reducing the grant of unvested shares by 32,043 unvested Shares each. The Notification of Dealing Forms for the adjustment are included at the end of this announcement.\n \n \nFor further information, please contact:\n \n\n\...