REG - Burford Capital Ltd - Report Critique Meritless, Principals to Buy Stock

Burford CapitalAnnouncement

07/08/2019 15:35

RNS Number : 2980I
Burford Capital Limited
07 August 2019
 


 
7 August 2019
 
REPORT'S CRITICISMS WITHOUT MERIT AND
BURFORD PRINCIPALS TO PURCHASE SHARES
 
The Board of Burford Capital Limited ("Burford" or the "Company") takes note of the short attack report issued this morning by Muddy Waters, a firm known for such tactics, and believes that the report's criticisms are without merit. Burford will issue a detailed response to the report as soon as practicable and, following that detailed response, will also convene an investor conference call, as to which participation details will be provided in due course.
 
Christopher Bogart and Jonathan Molot, Burford's Chief Executive Officer and Chief Investment Officer, respectively, have informed the Board that once Burford's detailed response to the Muddy Waters' report allegations has been published, they each intend to purchase Burford shares for their personal accounts.
 
 
For further information, please contact:
 



Burford Capital Limited








Elizabeth O'Connell, CFA, Chief Financial Officer


+1 212 235 6825














Macquarie Capital (Europe) Limited - NOMAD and Joint Broker


+44 (0)20 3037 2000




Jonny Allison








Alex Reynolds


















Liberum Capital Limited - Joint Broker


+44 (0)20 3100 2222




Richard Crawley








Jamie Richards


















Numis Securities Limited - Joint Broker


+44 (0)20 7260 1000




Charlie Farquhar








Jonathan Abbott


















Montfort Communications Limited - Financial Communications


+44 (0)20 3770 7908




Robert Bailhache - email







 
 
About Burford Capital
Burford Capital is the leading global finance and investment management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the London Stock Exchange, and it works with law firms and clients around the world from its principal offices in New York, London, Chicago, Washington, Singapore and Sydney.
 
For more information about Burford: www.burfordcapital.com
 
 
This release does not constitute an offer of any Burford fund.  Burford Capital Investment Management LLC ("BCIM"), which acts as the fund manager of all Burford funds, is registered as an investment adviser with the U.S. Securities and Exchange Commission.  The information provided herein is for informational purposes only.  Past performance is not indicative of future results.  The information contained herein is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including, without limitation, interests or shares in the funds).  Any such offer or solicitation may be made only by means of a final confidential Private Placement Memorandum and other offering documents.




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