Could this be part of todays fall?15 Apr 2024 18:16
Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces that, in connection with the Burford Capital 2016 Long Term Incentive Plan (the “LTIP”), it has on April 8, 2024 issued 533,066 new ordinary shares, no par value per share (“Shares”), to satisfy the vesting of restricted stock units pursuant to the realization of awards under the LTIP on March 31, 2024.
Application will be made for these 533,066 new Shares to be admitted to trading on the AIM market of the London Stock Exchange plc. The expected date of admission is April 17, 2024. These 533,066 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 219,849,094, of which 669,947 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 219,179,147 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 FCA’s Disclosure Guidance and Transparency Rules.