Director/PDMR Shareholding & New Share Issuance
Burford Capital Limited announced the vesting of restricted share units (RSUs) and performance-based RSUs (PSUs) granted to the Chief Financial Officer on September 30, 2022, resulting in a delivery of 50,522 shares after tax withholding, from a total vesting of 103,212 shares priced at $12.11. To satisfy firm-wide vesting under the LTIP, the company issued 76,909 new shares on October 1, 2025, which will be admitted to trading on AIM and listed on the NYSE with an expected admission date of October 9, 2025. Following this issuance, the company's issued ordinary share capital will be 220,658,447, with 1,769,947 shares held in treasury, resulting in 218,888,500 total voting rights. Additionally, 96,138 shares were gifted from the Chief Strategy Officer's trust to the Chief Executive Officer's trust.
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Notification of Transactions By Persons Discharging Managerial Responsibilities and Issuance of New Shares in Connection with LTIP
Burford Capital Limited ("Burford" or the "Company"), the leading global finance and asset management firm focused on law, provides the following notifications of transactions by persons discharging managerial responsibilities.
Vesting of Restricted Share Units and Performance-Based Restricted Share Units
On September 30, 2025, restricted share units ("RSUs") and performance-based RSUs ("PSUs") granted on September 30, 2022 to the Chief Financial Officer, Jordan Licht, vested under the Burford Capital 2016 Long Term Incentive Plan (the "LTIP") following the satisfaction of the service-based and performance-based conditions. The number of vested RSUs was 51,606, and the number of vested PSUs was 51,606. The net number of Burford's ordinary shares of nil par value ("Shares") delivered to Mr Licht on October 1, 2025 after giving effect to any tax withholding was 50,522 Shares.
Issuance of New Shares in Connection With LTIP
To satisfy the firm-wide vesting of awards under the LTIP, Burford also announces that it issued 76,909 new Shares on October 1, 2025.
Application will be made for these 76,909 new Shares to be admitted to trading on the AIM market of the London Stock Exchange plc. The expected date of admission is October 9, 2025. These 76,909 new Shares will also be listed on the New York Stock Exchange.
Following the issuance of these new Shares, the Company's issued ordinary share capital is 220,658,447, of which 1,769,947 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 218,888,500 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 Disclosure Guidance and Transparency Rules of the UK Financial Conduct Authority.
PDMR Share Movements
On September 30, 2025, the Chief Strategy Officer, Elizabeth O'Connell, gifted 96,138 Shares to the Chief Executive Officer, Christopher P. Bogart, through their respective revocable trusts as part of the family's estate and related planning.
| (a) Name | Jordan Licht | |
| 2 | Reason for the notification | |
| (a) Position/status | A PDMR occupying the position of Chief Financial Officer | |
| (b) Initial notification /Amendment | Initial | |
| (a) Name | Burford Capital Limited | |
| (b) LEI | 549300FUKUWFYJMT2277 | |
| (a) Description of the financial instrument, type of instrument | Ordinary Shares | |
| Identification code | GG00BMGYLN96 | |
| (b) Nature of the transaction | Delivery of Ordinary Shares following vesting of share award under the Burford Capital 2016 Long Term Incentive Plan. After the settlement of tax, the individual described above received net 50,522 shares. | |
| (c) Price(s)and volume(s) | Price(s) | Volume(s) |
| i. $ 12.11 ii. $ 12.11 | 103,212 (total vesting) 50,522 (total net shares) | |
| (d) Aggregated information · Aggregated volume · Price | N/A | |
| (e) Date of the transaction | 1 October 2025 | |
| (f) Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| (a) Name | Christopher P. Bogart Revocable Trust | |
| 2 | Reason for the notification | |
| (a) Position/status | A PCA with Christopher P. Bogart, a PDMR occupying the position of Chief Executive Officer and a PCA with Elizabeth O'Connell | |
| (b) Initial notification /Amendment | Initial | |
| (a) Name | Burford Capital Limited | |
| (b) LEI | 549300FUKUWFYJMT2277 | |
| (a) Description of the financial instrument, type of instrument | Ordinary Shares | |
| Identification code | GG00BMGYLN96 | |
| (b) Nature of the transaction | Receipt of gift of Shares from Elizabeth O'Connell Revocable Trust | |
| (c) Price(s)and volume(s) | Price(s) | Volume(s) |
| $ Nil | 96,138 | |
| (d) Aggregated information · Aggregated volume · Price | N/A | |
| (e) Date of the transaction | 30 September 2025 | |
| (f) Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| (a) Name | Elizabeth O'Connell Revocable Trust | |
| 2 | Reason for the notification | |
| (a) Position/status | A PCA with Elizabeth O'Connell, a PDMR occupying the position of Chief Strategy Officer and a PCA with Christopher P. Bogart | |
| (b) Initial notification /Amendment | Initial | |
| (a) Name | Burford Capital Limited | |
| (b) LEI | 549300FUKUWFYJMT2277 | |
| (a) Description of the financial instrument, type of instrument | Ordinary Shares | |
| Identification code | GG00BMGYLN96 | |
| (b) Nature of the transaction | Gift of Shares to the Christopher P. Bogart Revocable Trust | |
| (c) Price(s)and volume(s) | Price(s) | Volume(s) |
| $ Nil | 96,138 | |
| (d) Aggregated information · Aggregated volume · Price | N/A | |
| (e) Date of the transaction | 30 September 2025 | |
| (f) Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.