Burford Capital Ltd director reported a new equity-linked award under the company’s deferred compensation plan. On 12/18/2025, Mr. Halmy acquired 5,075.6 Phantom RSUs at a reference price of $9.26 per unit. These are derivative securities that give a contingent right to receive the economic equivalent of one Burford ordinary share for each Phantom RSU, payable in cash or ordinary shares under the plan’s terms.
Following this transaction, Mr. Halmy indirectly beneficially owned 8,018.4 Phantom RSUs. The filing confirms his status as a director and indicates the transaction was reported on a Form 4 for a single reporting person.
Burford Capital Ltd disclosed that its President, Ms. Will, acquired additional deferred equity-based compensation through its non-qualified deferred compensation plan. On 12/16/2025 she obtained a total of 1,394.3 phantom restricted share units (Phantom RSUs), consisting of a purchase of 1,045.3 Phantom RSUs by her and a matching contribution of 349.0 Phantom RSUs by Burford Capital Limited. These Phantom RSUs vest on November 7, 2027, contingent on her continued employment through that date.
Each Phantom RSU represents the right to receive the economic equivalent of one Burford ordinary share, which may be settled in cash or ordinary shares under the plan terms. The filing also notes a price of $9.14 for the derivative security and shows 163,060 derivative securities beneficially owned following the reported transaction.
Burford Capital Ltd reported an equity-based compensation transaction involving one of its officers. Vice Chair Mr. Perla acquired a total of 10,294 phantom restricted share units ("Phantom RSUs") on December 5, 2025 under the Burford Capital Deferred Compensation Plan. This reflects a purchase of 9,706 Phantom RSUs by Mr. Perla and a matching contribution of 588 Phantom RSUs by the company.
The Phantom RSUs vest on November 7, 2027, subject to Mr. Perla’s continued employment through that date. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Burford ordinary share, which may be settled in cash or ordinary shares in line with the plan’s terms.
Burford Capital Limited reported that its subsidiary Burford Capital LLC has entered into amended and restated employment agreements with Chief Executive Officer Christopher P. Bogart and Chief Investment Officer Jonathan T. Molot, effective January 1, 2026. These changes respond to negative feedback from Institutional Shareholder Services following the May 14, 2025 shareholder meeting.
The new structure removes the target annual discretionary bonus and restores the executives’ formulaic carried interest from 3.00% back to 3.75% each, based solely on cash gains. As of January 1, 2026, each executive will generally receive a $1.9 million base salary plus 3.75% carry, with no annual bonus, and certain historical perquisites are discontinued.
If Burford terminates an executive without Cause or the executive resigns for Good Reason (outside a Change in Control Period), each is entitled to a cash severance equal to two times the sum of his annual base salary and $2.0 million.
Orbis Investment Management Ltd and Allan Gray Australia Pty Ltd filed an amended Schedule 13G reporting beneficial ownership in Burford Capital Ltd. They collectively reported 14,936,723 shares, representing 6.8% of the common stock, with an event date of 09/30/2025.
Orbis reported 14,767,427 shares with sole voting and dispositive power. Allan Gray reported 169,296 shares with sole voting and dispositive power. The filing certifies the holdings were acquired and are held in the ordinary course and not to influence control.
Burford Capital Limited reported a sharp downturn for the quarter ended September 30, 2025. Total revenues fell to $69.8 million from $249.1 million a year earlier, driven by much lower capital provision income, and the company booked a net loss attributable to shareholders of $19.2 million versus prior net income of $135.6 million. Diluted EPS swung to a $0.09 loss from earnings of $0.61.
For the first nine months of 2025, revenues declined to $380.0 million from $453.1 million, with net income attributable to shareholders down to $100.1 million from $159.5 million. Operating cash flow dropped to $50.9 million from $235.4 million, while finance costs increased to $109.4 million. Even so, cash and cash equivalents rose to $677.7 million and capital provision assets increased to $5.62 billion, funded in part by higher debt of $2.14 billion, including new $500 million 7.500% senior notes due 2033.
Burford Capital Limited furnished an update on its operations by issuing a press release and a detailed presentation covering financial results for the three and nine months ended September 30, 2025. The materials were provided via a Form 8-K under Results of Operations and Financial Condition.
The press release and presentation are included as Exhibits 99.1 and 99.2 and are incorporated by reference. The company noted this information is being furnished, not filed, under the Exchange Act. Burford’s ordinary shares trade under the symbol BUR on the New York Stock Exchange and on London Stock Exchange AIM.
Burford Capital Limited furnished an update via Form 8-K about the status and expected timeline of the YPF matter in US and foreign courts. The company issued a press release on October 22, 2025, and attached it as Exhibit 99.1.
The information under Item 7.01 is being furnished, not filed, and is not subject to Section 18 liability nor incorporated by reference unless specifically stated. The filing also includes standard forward-looking statements language.
BlackRock, Inc. filed a Schedule 13G reporting beneficial ownership in Burford Capital Ltd. BlackRock reported 11,343,552 shares beneficially owned, representing 5.2% of the common stock as of 09/30/2025.
The filing lists 10,966,464 shares with sole voting power and 11,343,552 shares with sole dispositive power, with no shared voting or dispositive power. BlackRock certified the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Christopher P. Bogart, Chief Executive Officer and director of Burford Capital Ltd (BUR), reported a non‑derivative acquisition on 09/30/2025. The Form 4 shows a gift transaction coded G(1) adding 96,138 ordinary shares to his beneficial holdings at a price of $0. Following the reported transaction, the form discloses beneficial ownership of 375,000 shares held by a trust (the Christopher P. Bogart Revocable Trust), plus indirect holdings of 7,647,727 shares held by an LLC and 888,563 shares held by a separate LLC, as reported on the form. The filing notes the transferred shares were a gift from the Elizabeth O'Connell Revocable Trust, of which the reporting person’s spouse serves as sole trustee and beneficiary. The form is signed by an attorney‑in‑fact on 10/02/2025.