NEW YORK - Burford Capital Limited, a prominent finance and asset management firm specializing in the legal sector, has announced the issuance of 528 new ordinary shares. This action, taken on Monday, is in connection with the company's 2016 Long Term Incentive Plan (LTIP).
The new shares were issued to fulfill the vesting of restricted stock units as part of the LTIP, following the realization of awards on December 20, 2024. Burford Capital has made an application for these shares to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG), with an expected admission date of January 3, 2025. Additionally, the shares will be listed on the New York Stock Exchange.
As a result of this issuance, Burford Capital’s issued ordinary share capital will increase to 220,091,851 shares. It is noted that 669,947 of these shares are held in treasury, carrying no voting rights. Consequently, the total number of voting rights in the company will stand at 219,421,904, excluding treasury shares.
Shareholders may use this total voting rights figure as the denominator for calculations to determine whether they are required to notify their interest in Burford Capital under the Disclosure Guidance and Transparency Rules of the UK Financial Conduct Authority.
This information is based on a press release statement from Burford Capital Limited.
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