REG - Burford Capital Ltd - Dr. Rukia Baruti Appointed as Board Director

Burford CapitalAnnouncement

09/08/2022 12:15

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RNS Number : 4309V  Burford Capital Limited  09 August 2022

 

9 August 2022

 

 

BURFORD CAPITAL APPOINTS DR. RUKIA BARUTI AS AN INDEPENDENT NON-EXECUTIVE
DIRECTOR

 

Burford Capital Limited, the leading global finance and asset management firm
focused on law, is pleased to announce the appointment of Dr. Rukia Baruti as
an independent non-executive director.

 

Dr. Baruti is the Secretary General of the African Arbitration Association and
an experienced independent arbitrator. She is admitted as a solicitor in
England and Wales and previously practiced commercial and arbitration law in
London. She is also the founder of Africa International Legal Awareness, a
non-profit organization dedicated to advancing African involvement in the
international legal community, and a co-founder of the African Arbitration
Association, a non-profit organization dedicated to promoting African
arbitration practitioners. Dr. Baruti holds a bachelor's degree in law (first
class) from Birkbeck College, University of London, a Master's degree from the
University of Westminster, and a doctorate (cum laude) from the University of
Geneva.

 

Dr. Baruti, 53, brings a valuable perspective to Burford's business as an
arbitration expert with deep international experience. She will also serve as
a member of its nominating and governance committee.  She is Burford's fifth
new non-executive director since 2020, and her appointment completes the
refresh of Burford's board of directors ahead of schedule.

 

Burford previously announced a plan to achieve by its 2023 annual general
meeting a board of directors with a majority of independent directors as
defined by the UK Corporate Governance Code (to which Burford is not subject).
Burford delivered an independent board of directors in line with the Code one
full year ahead of schedule in May 2022 with the appointment of Christopher
Halmy as an independent non-executive director. Dr. Baruti's appointment adds
still more independent oversight to the Board.

 

Dr. Baruti's appointment also furthers Burford's plan to improve the diversity
of its board of directors. Burford has stated that at least 30% of the board
of directors should comprise female members as soon as reasonably possible;
following the retirements of Mr. Parkinson at the 2023 annual general meeting
and Mr. Wilson at the 2024 annual general meeting, Burford will exceed that
goal.

 

Other required disclosures

 

Dr. Baruti's full name is Dr. Rukia Baruti Dames. Save as disclosed below in
relation to current and past directorships, Burford confirms that there are no
further disclosures to be made in relation to Rule 17 of paragraph (g) of
Schedule Two of the AIM Rules for Companies in respect of Dr. Baruti's
appointment.

 

 Current directorships/partnerships:                 African Arbitration Association
 Directorships/partnerships in the past five years:  Africa International Legal Awareness Ltd

 

 

For further information, please contact:

 

 Burford Capital Limited
 For investor and analyst inquiries:
 Robert Bailhache, Head of Investor Relations, EMEA and Asia - email  +44 (0)20 3530 2023
 (mailto:rbailhache@burfordcapital.com)
 Jim Ballan, Head of Investor Relations, Americas - email             +1 (646) 793 9176
 (mailto:JBallan@burfordcapital.com)
 For press inquiries:
 David Helfenbein, Vice President, Public Relations - email           +1 (212) 235 6824
 (mailto:dhelfenbein@burfordcapital.com)

 Numis Securities Limited - NOMAD and Joint Broker                    +44 (0)20 7260 1000
 Giles Rolls
 Charlie Farquhar

 Jefferies International Limited - Joint Broker                       +44 (0)20 7029 8000
 Graham Davidson
 Tony White

 

About Burford Capital

Burford Capital is the leading global finance and asset management firm
focused on law. Its businesses include litigation finance
(https://www.burfordcapital.com/) and risk management, asset recovery and a
wide range of legal finance and advisory activities. Burford is publicly
traded on the New York Stock Exchange (NYSE: BUR) and the London Stock
Exchange (LSE: BUR), and it works with companies and law firms around the
world from its principal offices in New York, London, Chicago, Washington, DC,
Singapore, Sydney and Hong Kong.

 

For more information, please visit www.burfordcapital.com
(http://www.burfordcapital.com) .

 

 

This communication shall not constitute an offer to sell or the solicitation
of an offer to buy any ordinary shares or other securities of Burford.

 

This release does not constitute an offer of any Burford fund. Burford Capital
Investment Management LLC, which acts as the fund manager of all Burford
funds, is registered as an investment adviser with the US 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.

 

Forward-looking statements

This announcement contains "forward-looking statements" within the meaning of
Section 21E of the US Securities Exchange Act of 1934, as amended, regarding
assumptions, expectations, projections, intentions and beliefs about future
events. These statements are intended as "forward-looking statements". In some
cases, predictive, future-tense or forward-looking words such as "aim",
"anticipate", "believe", "continue", "could", "estimate", "expect",
"forecast", "guidance", "intend", "may", "plan", "potential", "predict",
"projected", "should" or "will" or the negative of such terms or other
comparable terminology are intended to identify forward-looking statements,
but are not the exclusive means of identifying such statements. In addition,
we and our representatives may from time to time make other oral or written
statements which are forward-looking statements, including in our periodic
reports that we file with, or furnish to, the US Securities and Exchange
Commission (the "SEC"), other information sent to our security holders and
other written materials. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors because they relate
to events and depend on circumstances that may or may not occur in the future.
We caution you that forward-looking statements are not guarantees of future
performance and are based on numerous assumptions, expectations, projections,
intentions and beliefs and that our actual results of operations, including
our financial position and liquidity, and the development of the industry in
which we operate may differ materially from (and be more negative than) those
made in, or suggested by, the forward-looking statements contained in this
announcement. Significant factors that may cause actual results to differ from
those we expect include those discussed under "Risk Factors" in our annual
report on Form 20-F filed with the SEC on March 29, 2022, our interim report
on Form 6-K filed with the SEC on August 9, 2022 and other reports or
documents that we file with, or furnish to, the US Securities and Exchange
Commission from time to time. In addition, even if our results of operations,
including our financial position and liquidity, and the development of the
industry in which we operate are consistent with the forward-looking
statements contained in this announcement, those results of operations or
developments may not be indicative of results of operations or developments in
subsequent periods.

 

Except as required by law, we undertake no obligation to update or revise the
forward-looking statements contained in this announcement, whether as a result
of new information, future events or otherwise.

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