REG - Burford Capital Ltd - Transaction in Own Shares
21/09/2023 07:00
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RNS Number : 1319N Burford Capital Limited 21 September 2023
21 September 2023
TRANSACTION IN OWN SHARES
Burford Capital Limited (the "Company"), the leading global finance and asset
management firm focused on law, today announces that, in accordance with the
terms of its programme announced on September 19, 2023 to purchase its
ordinary shares, no par value per share ("Ordinary Shares") up to a maximum
aggregate amount of £4.0 million (the "Programme") in connection with
forthcoming vesting of restricted stock units under the Burford Capital 2016
Long Term Incentive Plan, the Company purchased the following number of
Ordinary Shares through Numis Securities Limited ("Numis").
Date of purchase: September 20, 2023
Aggregate number of Ordinary Shares purchased: 65,000
Lowest price paid per Ordinary Share (GBp): 1193.00
Highest price paid per Ordinary Share (GBp): 1220.00
Volume weighted average price paid per Ordinary Share (GBp): 1205.7000
Ordinary Shares purchased pursuant to the Programme will be initially held by
the Company in treasury. Following the purchase and settlement of these
Ordinary Shares, the Company's issued ordinary share capital is 219,049,877,
of which 154,947 Ordinary Shares are held in treasury and do not have any
voting rights. Therefore, the total number of voting rights in the Company,
excluding treasury shares, will be 218,894,930 after giving effect to the
purchases described above. This figure for the total number of voting rights
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in the
Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018, the table below contains detailed information with respect to the
individual trades made by Numis as part of the Programme.
Individual trades information:
Number of Ordinary Shares purchased Transaction price (pence per Ordinary Share) Time of transaction Trading venue
100 1207.00 10:06:45 AIMX
21 1209.00 10:06:59 AIMX
379 1209.00 10:06:59 AIMX
165 1208.00 10:07:29 AIMX
182 1208.00 10:07:29 AIMX
385 1209.00 10:08:00 AIMX
8 1209.00 10:59:57 AIMX
406 1210.00 11:05:02 AIMX
174 1210.00 11:05:02 AIMX
135 1209.00 11:09:57 AIMX
240 1209.00 11:09:57 AIMX
351 1219.00 11:12:35 AIMX
10 1217.00 11:13:10 AIMX
385 1217.00 11:13:10 AIMX
263 1216.00 11:18:05 AIMX
114 1216.00 11:18:05 AIMX
500 1218.00 11:39:14 AIMX
389 1219.00 11:41:36 AIMX
350 1219.00 11:41:36 AIMX
37 1220.00 11:44:08 AIMX
589 1220.00 11:52:13 AIMX
311 1220.00 11:52:13 AIMX
154 1220.00 11:52:13 AIMX
378 1217.00 11:53:15 AIMX
81 1217.00 11:53:15 AIMX
102 1216.00 11:53:15 AIMX
363 1214.00 12:08:15 AIMX
406 1214.00 12:08:15 AIMX
122 1214.00 12:08:15 AIMX
83 1210.00 12:08:18 AIMX
211 1210.00 12:08:19 AIMX
31 1210.00 12:08:19 AIMX
39 1213.00 12:18:43 AIMX
344 1213.00 12:18:43 AIMX
340 1213.00 12:18:43 AIMX
5 1209.00 12:34:04 AIMX
100 1209.00 12:34:04 AIMX
282 1209.00 12:34:04 AIMX
79 1204.00 12:42:52 AIMX
114 1204.00 12:42:56 AIMX
45 1204.00 12:42:56 AIMX
53 1204.00 12:42:56 AIMX
1 1204.00 12:50:34 AIMX
80 1204.00 12:51:35 AIMX
184 1203.00 13:02:10 AIMX
3 1203.00 13:04:37 AIMX
198 1203.00 13:04:37 AIMX
359 1202.00 13:13:24 AIMX
389 1199.00 13:40:10 AIMX
409 1201.00 13:44:16 AIMX
334 1205.00 13:45:21 AIMX
320 1202.00 13:45:21 AIMX
120 1202.00 13:45:25 AIMX
36 1205.00 13:50:41 AIMX
52 1205.00 13:50:41 AIMX
586 1202.00 13:52:28 AIMX
406 1201.00 13:52:40 AIMX
357 1201.00 13:57:28 AIMX
533 1203.00 13:57:29 AIMX
396 1206.00 14:01:07 AIMX
949 1206.00 14:01:07 AIMX
11 1206.00 14:01:07 AIMX
409 1206.00 14:01:07 AIMX
32 1203.00 14:01:07 AIMX
170 1203.00 14:01:07 AIMX
160 1203.00 14:01:07 AIMX
47 1203.00 14:01:07 AIMX
36 1202.00 14:23:50 AIMX
338 1202.00 14:23:50 AIMX
369 1200.00 14:30:00 AIMX
375 1200.00 14:30:00 AIMX
26 1194.00 14:33:44 AIMX
110 1194.00 14:35:16 AIMX
2 1194.00 14:35:20 AIMX
110 1194.00 14:36:55 AIMX
135 1194.00 14:36:55 AIMX
366 1196.00 14:46:42 AIMX
44 1196.00 14:46:42 AIMX
138 1195.00 14:51:21 AIMX
226 1195.00 14:51:21 AIMX
366 1199.00 14:57:57 AIMX
200 1199.00 14:58:08 AIMX
47 1199.00 14:58:08 AIMX
158 1199.00 14:58:08 AIMX
365 1199.00 14:58:08 AIMX
29 1200.00 14:59:08 AIMX
25 1200.00 14:59:08 AIMX
88 1200.00 14:59:08 AIMX
123 1200.00 14:59:15 AIMX
402 1199.00 14:59:35 AIMX
366 1198.00 14:59:51 AIMX
59 1197.00 14:59:51 AIMX
150 1197.00 14:59:51 AIMX
145 1197.00 14:59:51 AIMX
146 1197.00 14:59:51 AIMX
146 1197.00 14:59:51 AIMX
123 1197.00 14:59:51 AIMX
53 1195.00 15:05:32 AIMX
351 1195.00 15:05:32 AIMX
987 1203.00 15:07:31 AIMX
100 1203.00 15:07:31 AIMX
480 1203.00 15:07:31 AIMX
384 1200.00 15:10:08 AIMX
118 1200.00 15:10:08 AIMX
541 1200.00 15:10:08 AIMX
100 1199.00 15:10:08 AIMX
250 1199.00 15:10:08 AIMX
91 1200.00 15:10:08 AIMX
350 1197.00 15:10:14 AIMX
31 1197.00 15:10:14 AIMX
456 1195.00 15:16:00 AIMX
91 1193.00 15:16:14 AIMX
110 1193.00 15:18:25 AIMX
168 1193.00 15:18:25 AIMX
331 1193.00 15:18:25 AIMX
110 1193.00 15:20:31 AIMX
110 1193.00 15:22:45 AIMX
76 1197.00 15:24:09 AIMX
32 1198.00 15:24:13 AIMX
233 1198.00 15:24:13 AIMX
1116 1198.00 15:24:13 AIMX
378 1198.00 15:24:13 AIMX
73 1200.00 15:25:00 AIMX
568 1200.00 15:25:00 AIMX
26 1200.00 15:26:26 AIMX
115 1200.00 15:26:26 AIMX
27 1201.00 15:26:26 AIMX
84 1201.00 15:26:27 AIMX
227 1201.00 15:27:27 AIMX
46 1201.00 15:27:27 AIMX
459 1201.00 15:30:28 AIMX
137 1201.00 15:30:28 AIMX
209 1201.00 15:30:28 AIMX
2 1202.00 15:34:39 AIMX
746 1203.00 15:35:56 AIMX
397 1204.00 15:38:43 AIMX
230 1204.00 15:38:43 AIMX
1526 1204.00 15:38:49 AIMX
1102 1204.00 15:38:49 AIMX
424 1204.00 15:38:49 AIMX
106 1204.00 15:38:49 AIMX
77 1204.00 15:38:49 AIMX
339 1196.00 15:45:41 AIMX
366 1196.00 15:45:41 AIMX
408 1198.00 15:46:17 AIMX
83 1196.00 15:46:28 AIMX
338 1196.00 15:50:29 AIMX
325 1196.00 15:50:29 AIMX
377 1196.00 15:50:29 AIMX
405 1196.00 15:51:49 AIMX
277 1197.00 15:51:49 AIMX
128 1197.00 15:51:49 AIMX
231 1198.00 15:51:49 AIMX
111 1198.00 15:51:49 AIMX
46 1198.00 15:51:49 AIMX
54 1198.00 15:51:49 AIMX
259 1198.00 15:51:49 AIMX
108 1198.00 15:51:49 AIMX
336 1196.00 15:51:52 AIMX
329 1196.00 15:52:09 AIMX
372 1196.00 15:52:15 AIMX
112 1200.00 15:55:00 AIMX
272 1200.00 15:55:00 AIMX
133 1200.00 15:55:40 AIMX
15 1200.00 15:55:40 AIMX
340 1200.00 15:55:40 AIMX
100 1200.00 15:55:40 AIMX
38 1201.00 15:56:49 AIMX
150 1201.00 15:56:49 AIMX
100 1201.00 15:56:49 AIMX
61 1201.00 15:56:49 AIMX
61 1201.00 15:56:49 AIMX
92 1201.00 15:56:49 AIMX
145 1201.00 15:57:29 AIMX
100 1201.00 15:57:29 AIMX
100 1201.00 15:57:29 AIMX
58 1201.00 15:57:29 AIMX
356 1199.00 15:58:29 AIMX
200 1201.00 15:58:29 AIMX
196 1201.00 15:58:29 AIMX
25 1202.00 15:59:24 AIMX
98 1202.00 15:59:24 AIMX
199 1202.00 15:59:59 AIMX
176 1202.00 15:59:59 AIMX
61 1202.00 16:00:43 AIMX
120 1202.00 16:00:43 AIMX
110 1202.00 16:00:43 AIMX
342 1205.00 16:03:25 AIMX
1154 1205.00 16:03:25 AIMX
395 1204.00 16:03:25 AIMX
797 1204.00 16:03:25 AIMX
122 1204.00 16:04:13 AIMX
286 1204.00 16:04:13 AIMX
731 1208.00 16:04:41 AIMX
831 1208.00 16:04:41 AIMX
134 1210.00 16:05:39 AIMX
141 1210.00 16:05:39 AIMX
96 1210.00 16:05:39 AIMX
38 1210.00 16:05:39 AIMX
128 1210.00 16:05:39 AIMX
27 1210.00 16:05:59 AIMX
339 1210.00 16:05:59 AIMX
1080 1212.00 16:07:14 AIMX
28 1212.00 16:07:14 AIMX
6 1212.00 16:07:14 AIMX
352 1213.00 16:08:42 AIMX
195 1213.00 16:08:42 AIMX
214 1213.00 16:08:42 AIMX
433 1213.00 16:08:42 AIMX
12 1213.00 16:12:25 AIMX
340 1213.00 16:12:25 AIMX
340 1213.00 16:12:25 AIMX
373 1213.00 16:12:25 AIMX
353 1213.00 16:12:25 AIMX
382 1213.00 16:12:25 AIMX
493 1213.00 16:12:25 AIMX
746 1213.00 16:12:25 AIMX
251 1213.00 16:12:25 AIMX
120 1213.00 16:12:25 AIMX
371 1212.00 16:12:25 AIMX
100 1214.00 16:13:50 AIMX
59 1214.00 16:13:50 AIMX
33 1214.00 16:13:50 AIMX
172 1214.00 16:13:50 AIMX
386 1214.00 16:13:50 AIMX
333 1214.00 16:14:09 AIMX
100 1214.00 16:14:39 AIMX
253 1214.00 16:14:39 AIMX
17 1212.00 16:14:45 AIMX
83 1212.00 16:14:45 AIMX
233 1212.00 16:14:45 AIMX
376 1212.00 16:14:45 AIMX
38 1211.00 16:16:28 AIMX
467 1211.00 16:17:28 AIMX
105 1211.00 16:17:28 AIMX
96 1211.00 16:17:28 AIMX
254 1211.00 16:17:28 AIMX
441 1211.00 16:17:28 AIMX
112 1211.00 16:17:28 AIMX
548 1211.00 16:17:28 AIMX
96 1211.00 16:18:00 AIMX
236 1211.00 16:18:00 AIMX
400 1211.00 16:18:00 AIMX
63 1212.00 16:19:59 AIMX
1020 1212.00 16:19:59 AIMX
99 1212.00 16:19:59 AIMX
837 1212.00 16:19:59 AIMX
121 1212.00 16:19:59 AIMX
712 1212.00 16:20:59 AIMX
91 1212.00 16:22:37 AIMX
77 1213.00 16:22:37 AIMX
1010 1213.00 16:22:39 AIMX
333 1212.00 16:22:39 AIMX
340 1211.00 16:22:39 AIMX
31 1211.00 16:22:39 AIMX
25 1210.00 16:23:09 AIMX
114 1210.00 16:23:09 AIMX
68 1210.00 16:23:19 AIMX
214 1210.00 16:23:19 AIMX
77 1210.00 16:23:34 AIMX
100 1212.00 16:23:49 AIMX
284 1212.00 16:23:49 AIMX
200 1212.00 16:24:04 AIMX
78 1212.00 16:24:04 AIMX
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
Berenberg - Joint Broker +44 (0)20 3207 7800
Toby Flaux
James Thompson
Yasmina Benchekroun
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, DC,
Singapore, Dubai, Sydney and Hong Kong.
For more information, please visit www.burfordcapital.com
(http://www.burfordcapital.com) .
This announcement does not constitute an offer to sell or the solicitation of
an offer to buy any ordinary shares or other securities of Burford.
This announcement 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
announcement is for informational purposes only. Past performance is not
indicative of future results. The information contained in this announcement
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 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 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,
Burford and its representatives may from time to time make other oral or
written statements that are forward-looking, including in its periodic reports
that Burford files with, or furnishes to, the US Securities and Exchange
Commission, other information made available to Burford's 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.
Burford cautions that forward-looking statements are not guarantees of future
performance and are based on numerous assumptions, expectations, projections,
intentions and beliefs and that Burford's actual results of operations,
including its financial position and liquidity, and the development of the
industry in which it operates, 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 Burford expects include, among others, those
discussed under "Risk Factors" in Burford's annual report on Form 20-F for the
year ended December 31, 2022 filed with the US Securities and Exchange
Commission on May 16, 2023 and other reports or documents that Burford files
with, or furnishes to, the US Securities and Exchange Commission from time to
time. In addition, even if Burford's results of operations, including its
financial position and liquidity, and the development of the industry in which
it operates 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, Burford undertakes 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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