Business
Issue of New Shares Pursuant to DCP & PDMR Notices
Issue of New Shares Pursuant to DCP & PDMR Notices.
About this update from Burford Capital Limited
[{"type":"text","content":"\n\n \nJune 21, 2024\n \n \nNotification of Transactions by Persons Discharging Managerial Responsibilities\nand Issuance of New Shares in Connection with DCP\n \nBurford Capital Limited (\"Burford\"), the leading global finance and asset management firm focused on law, today announces that, effective June 18, 2024, Chief Executive Officer Christopher Bogart, Chief Investment Officer Jonathan Molot and Co-Chief Operating Officers Aviva Will and David Perla received in aggregate 202,018 Burford's ordinary shares of nil par value (\"Shares\"). These distributions of actual Shares were made after each of the executives used his or her respective cash compensation to make the original investment in notional Shares through the Burford Capital Deferred Compensation Plan (the \"DCP\") in March or April 2022, as applicable. \n \nThe breakdown of these distributions is as follows: 85,310 Shares to Mr Bogart, 82,874 Shares to Mr Molot, 20,552 Shares to Ms Will and 13,282 Shares to Mr Perla. The number of Shares distributed to each executive reflects any Shares that were withheld for tax purposes.\n \nIn connection with these distributions pursuant to the DCP to the executives as set forth above, as well as certain other employees that are not persons discharging managerial responsibilities, Burford issued in aggregate 208,691 new Shares on June 18, 2024. Application will be made for these 208,691 new Shares to be admitted to trading on the AIM market of the London Stock Exchange plc. The expected date of admission is June 28, 2024. These 208,691 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 220,057,785, 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 219,387,838 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 \nThe Notification of Dealing Forms for the transactions set forth above are inclu...