REG - Burford Capital Ltd - Intended Purchases of Ordinary Shares

Burford CapitalAnnouncement

17/03/2025 11:00

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RNS Number : 8989A  Burford Capital Limited  17 March 2025

 

March 17, 2025

 

 

Intended Purchases of Ordinary Shares

in Connection with the Deferred Compensation Plan

 

Burford Capital Limited ("Burford"), the leading global finance and asset
management firm focused on law, today announces that, on March 17, 2025,
Burford's board of directors authorized a share repurchase program for
Burford's ordinary shares, no par value per share ("Ordinary Shares"), to
repurchase up to a maximum aggregate amount of $20.0 million (the "Share
Repurchase Program") in connection with Burford's future obligations under the
Burford Capital Deferred Compensation Plan.

 

The aggregate number of Ordinary Shares that may be acquired pursuant to the
Share Repurchase Program may not exceed 21,864,608 Ordinary Shares under the
authority granted to Burford by the shareholders at the annual general meeting
held on May 15, 2024 (the "General Authority"). The Share Repurchase Program
will commence with immediate effect and will continue until the earlier of (i)
the expiration of the General Authority and (ii) until the maximum aggregate
amount has been purchased under the Share Repurchase Program. It is intended
that Ordinary Shares acquired pursuant to the Share Repurchase Program will be
initially held in treasury and, at Burford's sole discretion, may subsequently
be used in connection with Burford's short- and long-term incentive
compensation, equity, equity-based and deferred compensation plans, as the
case may be.

 

Burford intends to make the acquisitions of Ordinary Shares under the Share
Repurchase Program in the United States in accordance with, and subject to the
limits prescribed by, the General Authority and Rule 10b-18 under the US
Securities Exchange Act of 1934, as amended. Acquisitions of Ordinary Shares
pursuant to the Share Repurchase Program will take place in open market
transactions and may be made from time to time depending on market conditions,
share price and trading volume. The Share Repurchase Program does not require
Burford to acquire any specific number of Ordinary Shares and may be modified,
suspended, extended or terminated by Burford at any time without prior notice.

 

 

For further information, please contact:

 

 Burford Capital Limited
 For investor and analyst inquiries:
 Americas: Josh Wood, Head of Investor Relations - email                       +1 212 516 5824
 (mailto:jwood@burfordcapital.com)
 EMEA & Asia: Rob Bailhache, Head of EMEA & Asia Investor Relations -          +44 (0)20 3530 2023
 email (mailto:rbailhache@burfordcapital.com)
 For press inquiries:
 David Helfenbein, Senior Vice President, Public Relations - email             +1 212 516 5824
 (mailto:media@burfordcapital.com)

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 offices in New York, London, Chicago, Washington, D.C.,
Singapore, Dubai and Hong Kong.

 

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

 

 

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any ordinary shares or other securities of Burford.

 

This press release does not constitute an offer of any Burford private fund.
Burford Capital Investment Management LLC, which acts as the fund manager of
all Burford private funds, is registered as an investment adviser with the
US Securities and Exchange Commission. The information provided in this press
release is for informational purposes only. Past performance is not indicative
of future results. The information contained in this press release is not, and
should not be construed as, an offer to sell or the solicitation of an offer
to buy any securities (including interests or shares in any of Burford private
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 press release contains "forward-looking statements" within the meaning of
Section 27A of the US Securities Act of 1933, as amended, and Section 21E of
the US Securities Exchange Act of 1934, as amended, that are intended to be
covered by the safe harbor provided for under these sections. In some cases,
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. Although Buford believes that the assumptions, expectations,
projections, intentions and beliefs about future results and events reflected
in forward-looking statements have a reasonable basis and are expressed in
good faith, forward-looking statements involve known and unknown risks,
uncertainties and other factors, which could cause Burford's actual results
and events to differ materially from (and be more negative than) future
results and events expressed, projected or implied by these forward-looking
statements. Factors that might cause future results and events to differ
include, among others, those discussed in the "Risk Factors" section of
Burford's Annual Report on Form 10-K for the year ended December 31, 2024
filed with the US Securities and Exchange Commission on March 3, 2025. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements contained in the periodic and
current reports that Burford files with or furnishes to the US Securities and
Exchange Commission. Many of these factors are beyond Burford's ability to
control or predict, and new factors emerge from time to time. Furthermore,
Burford cannot assess the impact of each such factor on its business or the
extent to which any factor or combination of factors may cause actual results
and events to be materially different from those contained in any
forward-looking statement. Given these uncertainties, readers are cautioned
not to place undue reliance on Burford's forward-looking statements.

 

All subsequent written and oral forward-looking statements attributable to
Burford or to persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. The forward-looking statements speak
only as of the date of this press release and, except as required by
applicable law, Burford undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

 

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