Burford Capital (LSE:BUR) has announced the vesting of restricted share units (RSUs) and performance-based RSUs awarded to its Chief Financial Officer, Jordan Licht, under the firm’s 2016 Long Term Incentive Plan. To cover these vesting awards across the company, 76,909 new shares have been issued. The additional shares will be listed on both the AIM market of the London Stock Exchange and the New York Stock Exchange, raising Burford’s total voting rights to 218,888,500. This adjustment will affect shareholder calculations in accordance with UK Financial Conduct Authority requirements.
The company also disclosed that Chief Strategy Officer Elizabeth O’Connell transferred shares to Chief Executive Officer Christopher P. Bogart as part of personal estate planning arrangements.
Burford’s outlook remains underpinned by strong earnings call highlights and a solid balance sheet, though its income statement reflects some ongoing challenges. Market signals are mixed, with technical indicators showing no clear trend, while valuation levels suggest the stock is reasonably priced, supporting a balanced market view.
About Burford Capital
Burford Capital is a global finance and asset management company specializing in the legal sector. Its services span litigation finance, risk management, asset recovery, and legal advisory solutions. The firm is dual-listed on the New York Stock Exchange and the London Stock Exchange, serving corporations and law firms worldwide.
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