TIDMBUR
RNS Number : 0735W
Burford Capital
27 July 2018
Replacement to include Notification of Dealing Forms
27 July 2018
Notification of transactions by persons discharging managerial
responsibilities
Burford Capital Limited ("Burford"), the leading global finance
and investment management firm focused on law, has been notified of
certain estate planning transactions by Christopher P. Bogart,
Burford's Chief Executive Officer, and Jonathan Molot, Burford's
Chief Investment Officer, that do not have any impact on their
ultimate interests in Burford shares.
Mr Bogart transferred 7,897,727 of his ordinary shares in
Burford to Christopher Bogart LLC, a company wholly-owned by Mr
Bogart. All of the ownership interests in Christopher Bogart LLC
were then transferred by Mr. Bogart to the Christopher P. Bogart
2018 Trust for a period, of which he is initially the sole
beneficiary.
Following these transfers, Mr. Bogart's interest in shares in
Burford through certain trusts' ownership interests remains
unchanged at 8,786,290 shares, representing approximately 4.22% of
Burford's issued share capital.
As announced previously, Mr Molot transferred 4,000,000 ordinary
shares in Burford to Jonathan Molot LLC, a company wholly-owned by
Mr Molot, and all of the ownership interests in the LLC were then
transferred by Mr Molot to the Jonathan T. Molot 2017 Trust for a
period, of which he is initially the sole beneficiary. Now, 0.9319%
of the ownership interests in Jonathan Molot LLC have been returned
from the Jonathan T. Molot 2017 Trust to Mr. Molot in addition to
the return of further interests as notified on 21 March 2018, and
Mr Molot has transferred a 24.1333% interest in Jonathan Molot LLC
to the Jonathan T. Molot 2018 Trust, of which Mr Molot is initially
the sole beneficiary.
Following these transfers, Mr Molot's interest in shares in
Burford, including his interests held through the trusts' ownership
interests, remains unchanged at 8,559,394 shares, representing
approximately 4.11% of Burford's issued share capital.
Ongoing annual movement of interests between the LLC entities
and the trusts is expected as a normal part of the US estate
planning undertaken.
The Notification of Dealing Forms for each of the transfers
mentioned above are included at the end of this announcement. These
notifications are provided in accordance with the requirements of
the Market Abuse Regulation.
For further information, please contact:
Burford Capital Limited +1 212 235 6825
Elizabeth O'Connell, CFA, Chief Financial
Officer
About Burford Capital
Burford Capital is the leading global finance and investment
management firm focused on law. Its businesses include litigation
finance and risk management, asset recovery and a wide range of
legal finance and advisory activities. Burford is publicly traded
on the London Stock Exchange, and it works with law firms and
clients around the world from its principal offices in New York,
London, Chicago and Singapore.
For more information about Burford, visit
www.burfordcapital.com
Notification of Dealing Forms
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Christopher Bogart
--------------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------- -----------------------------------------
(a) Position/status A PDMR occupying the position of Chief
Executive Officer
--------------------------------- -----------------------------------------
(b) Initial notification Initial
/Amendment
--------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
(a) Name Burford Capital Limited
--------------------------------- -----------------------------------------
(b) LEI 549300FUKUWFYJMT2277
--------------------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
(a) Description of the Ordinary shares of nil par value
financial instrument,
type of instrument GG00B4L84979
Identification code
--------------------------------- -----------------------------------------
(b) Nature of the transaction Transfer of shares to Christopher
Bogart LLC
--------------------------------- -----------------------------------------
(c) Price(s)and volume(s) Price(s) - Zero Volume(s) - 7,897,727
--------------------------------- ----------------- ----------------------
(d) Aggregated information N/A
* Aggregated volume
* Price
--------------------------------- -----------------------------------------
(e) Date of the transaction 27 July 2018
--------------------------------- -----------------------------------------
(f) Place of the transaction London Stock Exchange
--------------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Christopher Bogart LLC
--------------------------------- -----------------------------------------------
2 Reason for the notification
--------------------------------- -----------------------------------------------
(a) Position/status A person closely associated with Christopher
Bogart, a PDMR occupying the position
of Chief Executive Officer
--------------------------------- -----------------------------------------------
(b) Initial notification Initial
/Amendment
--------------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
(a) Name Burford Capital Limited
--------------------------------- -----------------------------------------------
(b) LEI 549300FUKUWFYJMT2277
--------------------------------- -----------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------------
(a) Description of the Ordinary shares of nil par value
financial instrument,
type of instrument GG00B4L84979
Identification code
--------------------------------- -----------------------------------------------
(b) Nature of the transaction Transfer of shares from Christopher
Bogart
--------------------------------- -----------------------------------------------
(c) Price(s)and volume(s) Price(s) - Zero Volume(s) - 7,897,727
--------------------------------- ------------------- --------------------------
(d) Aggregated information N/A
* Aggregated volume
* Price
--------------------------------- -----------------------------------------------
(e) Date of the transaction 27 July 2018
--------------------------------- -----------------------------------------------
(f) Place of the transaction London Stock Exchange
--------------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Christopher Bogart
----------------------------------- -----------------------------------------
2 Reason for the notification
----------------------------------- -----------------------------------------
(a) Position/status A PDMR occupying the position of Chief
Executive Officer
----------------------------------- -----------------------------------------
(b) Initial notification Initial
/Amendment
----------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
(a) Name Burford Capital Limited
----------------------------------- -----------------------------------------
(b) LEI 549300FUKUWFYJMT2277
----------------------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------------
(a) Description of the 100% interest in Christopher Bogart
financial instrument, LLC, whose sole asset is 7,897,727
type of instrument shares in Burford Capital Limited
Identification code N/A
----------------------------------- -----------------------------------------
(b) Nature of the transaction Transfer of membership interests into
Christopher P. Bogart 2018 Trust
----------------------------------- -----------------------------------------
(c) Price(s)and volume(s) Price(s) - Zero Volume(s) - 100%
interest
----------------------------------- -------------------- -------------------
(d) Aggregated information N/A
* Aggregated volume
* Price
----------------------------------- -----------------------------------------
(e) Date of the transaction 27 July 2018
----------------------------------- -----------------------------------------
(f) Place of the transaction N/A
----------------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Christopher P. Bogart 2018 Trust
----------------------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------- -----------------------------------------------
(a) Position/status A person closely associated with Christopher
Bogart, a PDMR occupying the position
of Chief Executive Officer
----------------------------------- -----------------------------------------------
(b) Initial notification Initial
/Amendment
----------------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
(a) Name Burford Capital Limited
----------------------------------- -----------------------------------------------
(b) LEI 549300FUKUWFYJMT2277
----------------------------------- -----------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------------------
(a) Description of the 100% interest in Christopher Bogart
financial instrument, LLC, whose sole asset is 7,897,727
type of instrument shares in Burford Capital Limited
Identification code N/A
----------------------------------- -----------------------------------------------
(b) Nature of the transaction Transfer of membership interests from
Christopher Bogart
----------------------------------- -----------------------------------------------
(c) Price(s)and volume(s) Price(s) - Zero Volume(s) - 100%
----------------------------------- ----------------------- ----------------------
(d) Aggregated information N/A
* Aggregated volume
* Price
----------------------------------- -----------------------------------------------
(e) Date of the transaction 27 July 2018
----------------------------------- -----------------------------------------------
(f) Place of the transaction N/A
----------------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan T. Molot 2017 Trust
--------------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------- --------------------------------------------
(a) Position/status A person closely associated with Jonathan
Molot, a PDMR occupying the position
of Chief Investment Officer
--------------------------------- --------------------------------------------
(b) Initial notification Initial
/Amendment
--------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
(a) Name Burford Capital Limited
--------------------------------- --------------------------------------------
(b) LEI 549300FUKUWFYJMT2277
--------------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------------
(a) Description of the 0.9319% interest in Jonathan Molot
financial instrument, LLC, whose sole asset is 4,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
--------------------------------- --------------------------------------------
(b) Nature of the transaction Transfer of membership interests to
Jonathan Molot
--------------------------------- --------------------------------------------
(c) Price(s)and volume(s) Price(s) - Zero Volume(s) - 0.9319%
--------------------------------- ------------------- -----------------------
(d) Aggregated information N/A
* Aggregated volume
* Price
--------------------------------- --------------------------------------------
(e) Date of the transaction 27 July 2018
--------------------------------- --------------------------------------------
(f) Place of the transaction N/A
--------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan Molot
--------------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------- -----------------------------------------
(a) Position/status A PDMR occupying the position of Chief
Investment Officer
--------------------------------- -----------------------------------------
(b) Initial notification Initial
/Amendment
--------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
(a) Name Burford Capital Limited
--------------------------------- -----------------------------------------
(b) LEI 549300FUKUWFYJMT2277
--------------------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
(a) Description of the 0.9319% interest in Jonathan Molot
financial instrument, LLC, whose sole asset is 4,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
--------------------------------- -----------------------------------------
(b) Nature of the transaction Transfer of membership interests from
Jonathan T. Molot 2017 Trust
--------------------------------- -----------------------------------------
(c) Price(s)and volume(s) Price(s) - Zero Volume(s) - 0.9319%
--------------------------------- ------------------ ---------------------
(d) Aggregated information N/A
* Aggregated volume
* Price
--------------------------------- -----------------------------------------
(e) Date of the transaction 27 July 2018
--------------------------------- -----------------------------------------
(f) Place of the transaction N/A
--------------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan Molot
--------------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------- -----------------------------------------
(a) Position/status A PDMR occupying the position of Chief
Investment Officer
--------------------------------- -----------------------------------------
(b) Initial notification Initial
/Amendment
--------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
(a) Name Burford Capital Limited
--------------------------------- -----------------------------------------
(b) LEI 549300FUKUWFYJMT2277
--------------------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
(a) Description of the 24.1333% interest in Jonathan Molot
financial instrument, LLC, whose sole asset is 4,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
--------------------------------- -----------------------------------------
(b) Nature of the transaction Transfer of membership interests into
Jonathan T. Molot 2018 Trust
--------------------------------- -----------------------------------------
(c) Price(s)and volume(s) Price(s) - Zero Volume(s) - 24.1333%
--------------------------------- ----------------- ----------------------
(d) Aggregated information N/A
* Aggregated volume
* Price
--------------------------------- -----------------------------------------
(e) Date of the transaction 27 July 2018
--------------------------------- -----------------------------------------
(f) Place of the transaction N/A
--------------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan T. Molot 2018 Trust
--------------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------- --------------------------------------------
(a) Position/status A person closely associated with Jonathan
Molot, a PDMR occupying the position
of Chief Investment Officer
--------------------------------- --------------------------------------------
(b) Initial notification Initial
/Amendment
--------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
(a) Name Burford Capital Limited
--------------------------------- --------------------------------------------
(b) LEI 549300FUKUWFYJMT2277
--------------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------------
(a) Description of the 24.1333% interest in Jonathan Molot
financial instrument, LLC, whose sole asset is 4,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
--------------------------------- --------------------------------------------
(b) Nature of the transaction Transfer of membership interests from
Jonathan Molot
--------------------------------- --------------------------------------------
(c) Price(s)and volume(s) Price(s) - Zero Volume(s) - 24.1333%
--------------------------------- ------------------- -----------------------
(d) Aggregated information N/A
* Aggregated volume
* Price
--------------------------------- --------------------------------------------
(e) Date of the transaction 27 July 2018
--------------------------------- --------------------------------------------
(f) Place of the transaction N/A
--------------------------------- --------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHFKODBABKDBOB
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