Business
Result of Placing / PDMR Notification
Result of Placing / PDMR Notification.
About this update from Burford Capital Limited
[{"type":"text","content":"\n \nRNS Number : 3688I Burford Capital 21 March 2018 \n\nNOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION, INCLUDING THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nRESULTS OF PLACING OF 8.68 MILLION ORDINARY SHARES IN BURFORD CAPITAL LIMITED (THE \"COMPANY\" OR \"BURFORD\") BY CHRISTOPHER BOGART AND JONATHAN MOLOT\n \n21 March 2018\n \nBURFORD CAPITAL LIMITED\n \nResult of Secondary Placing of 8,680,000 shares by Christopher Bogart and Jonathan Molot and notification of transaction by person discharging managerial responsibilities\n \nFurther to the announcement released on 20 March 2018 in relation to a proposed placing of ordinary shares in Burford by Christopher Bogart and Jonathan Molot (together, the \"Sellers\"), the Sellers announce that they have respectively sold approximately 4.4 million and approximately 4.3 million ordinary shares in Burford, one-third of their holdings (the \"Placing Shares\") at a price of 1350 pence per share (the \"Placing\"). The Placing Shares represent in aggregate approximately 4.2% of the Company's issued share capital.\n \nThe Placing was conducted through an accelerated bookbuild. Numis Securities Limited (\"Numis\") and Joh. Berenberg, Gossler & Co. KG, London Branch (\"Berenberg\") acted as Joint Bookrunners for the Seller in connection with the Placing. The proceeds of the Placing are payable in cash on usual settlement terms, and closing of the Placing is expected to occur on a T+2 basis on 23 March 2018.\n \nFollowing completion of the Placing, Christopher Bogart and Jonathan Molot will continue to respectively hold approximately 8.8 million and approximately 8.6 million ordinary shares in the Company, representing in aggregate approximately 8.3% of the issued share capital of the Company. These shares are subject to a lock-up which ends 360 days after compl...