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Burford management increase holdings to 10.6%

NEW YORK, April 3, 2024 /PRNewswire/ — Burford Capital Limited (“Burford“), the leading global finance and asset management firm focused on law, provides the following notification of various transactions by persons discharging managerial responsibilities (each, a “PDMR”), as well as an update on the aggregate actual and potential ownership of members of Burford’s management committee of Burford’s ordinary shares of nil par value (“Shares”).

Christopher Bogart, Burford’s Chief Executive Officer, commented:

Jon Molot and I have together invested $23.6 million in Burford’s shares in the last five years between cash purchases and deferrals of cash compensation.1  Taken together, our total actual and potential ownership of Burford’s shares represents approximately 9.87% of Burford’s shares. When the interests of the other members of our management committee are added, Burford’s management committee collectively has actual and potential ownership of approximately 10.62% of Burford’s shares, showing our strong alignment with shareholders.”

Update on Burford’s Management Committee’s Aggregate Actual and Potential Ownership of Shares

The table below sets forth the aggregate actual and potential ownership of members of Burford’s management committee of Shares (after giving effect to the transactions described below).

Management

committee

member / PDMR

Owned

Shares

Unvested

restricted

stock units

(“RSUs”)

Shares under the

Burford Capital

deferred

compensation plan

(deferred cash

compensation)2

Shares under

the  Burford

Capital

deferred

compensation

plan (deferred

RSUs)

Total3

Total as % of

Shares issued

and

outstanding5

Craig Arnott

240,122

84,304

324,426

0.15

Christopher Bogart4

9,207,115

566,652

411,182

225,610

10,410,559

4.76

Mark Klein

64,041

84,304

6,305

154,650

0.07

Jordan Licht

160,634

160,634

0.07

Jonathan Molot4

9,811,515

566,652

569,507

225,610

11,173,284

5.11

Elizabeth O’Connell

130,892

84,304

42,112

257,308

0.12

David Perla

72,207

84,304

27,975

103,414

287,900

0.13

Aviva (LON:) Will

297,927

84,304

27,217

46,796

456,244

0.21

Total management

committee

19,823,819

1,715,478

1,042,186

643,542

23,225,005

10.62

Vesting of Restricted Stock Units  

The table below sets forth the number of RSUs granted to members of Burford’s management committee under the Burford Capital 2016 Long Term Incentive Plan (the “LTIP”) that vested on March 31, 2024 following the satisfaction of the service-based and performance-based conditions and the net number of…

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