REG - Burford Capital Ltd - Transaction in Own Shares
25/09/2023 07:00
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RNS Number : 4341N Burford Capital Limited 25 September 2023
25 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 22, 2023
Aggregate number of Ordinary Shares purchased: 57,087
Lowest price paid per Ordinary Share (GBp): 1159.00
Highest price paid per Ordinary Share (GBp): 1178.00
Volume weighted average price paid per Ordinary Share (GBp): 1167.7701
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 276,574 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 218,773,303 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
389 1178.00 08:50:42 AIMX
21 1178.00 08:53:39 AIMX
413 1178.00 08:53:39 AIMX
461 1178.00 08:53:39 AIMX
83 1176.00 09:07:55 AIMX
103 1176.00 09:07:55 AIMX
248 1176.00 09:07:55 AIMX
94 1171.00 09:29:29 AIMX
311 1171.00 09:29:29 AIMX
117 1168.00 10:24:19 AIMX
264 1168.00 10:24:19 AIMX
32 1168.00 10:24:19 AIMX
263 1169.00 10:42:55 AIMX
93 1169.00 10:42:55 AIMX
371 1169.00 10:50:32 AIMX
6 1167.00 10:50:32 AIMX
106 1167.00 10:50:40 AIMX
191 1167.00 10:50:40 AIMX
72 1167.00 11:00:31 AIMX
52 1167.00 11:00:31 AIMX
356 1163.00 11:21:04 AIMX
69 1163.00 11:55:25 AIMX
199 1163.00 11:55:25 AIMX
493 1163.00 11:55:25 AIMX
188 1169.00 11:56:26 AIMX
411 1172.00 12:06:01 AIMX
375 1172.00 12:06:01 AIMX
400 1171.00 12:07:36 AIMX
46 1172.00 12:07:36 AIMX
283 1171.00 12:40:33 AIMX
154 1171.00 12:40:33 AIMX
250 1168.00 12:50:00 AIMX
125 1170.00 12:54:05 AIMX
125 1170.00 12:54:05 AIMX
180 1170.00 12:54:05 AIMX
486 1168.00 13:10:43 AIMX
81 1167.00 13:30:13 AIMX
288 1167.00 13:30:13 AIMX
100 1166.00 13:40:50 AIMX
60 1166.00 13:40:50 AIMX
24 1166.00 13:40:50 AIMX
191 1166.00 13:40:50 AIMX
396 1166.00 13:40:50 AIMX
361 1165.00 13:50:05 AIMX
356 1161.00 14:00:40 AIMX
4 1169.00 14:04:51 AIMX
25 1171.00 14:05:36 AIMX
31 1172.00 14:05:36 AIMX
414 1172.00 14:05:36 AIMX
40 1172.00 14:05:36 AIMX
572 1172.00 14:05:36 AIMX
66 1172.00 14:05:36 AIMX
772 1172.00 14:05:36 AIMX
417 1170.00 14:10:23 AIMX
438 1170.00 14:17:26 AIMX
310 1167.00 14:19:13 AIMX
82 1167.00 14:19:13 AIMX
400 1167.00 14:29:32 AIMX
382 1167.00 14:30:32 AIMX
34 1167.00 14:30:32 AIMX
438 1166.00 14:31:16 AIMX
428 1165.00 14:35:29 AIMX
409 1165.00 14:35:29 AIMX
397 1165.00 14:36:29 AIMX
61 1165.00 14:36:35 AIMX
21 1165.00 14:36:35 AIMX
139 1165.00 14:36:35 AIMX
16 1165.00 14:36:39 AIMX
148 1165.00 14:36:39 AIMX
6 1165.00 14:38:55 AIMX
125 1165.00 14:40:43 AIMX
125 1165.00 14:40:43 AIMX
125 1165.00 14:40:43 AIMX
23 1165.00 14:41:10 AIMX
104 1165.00 14:41:10 AIMX
166 1165.00 14:42:42 AIMX
89 1165.00 14:42:42 AIMX
36 1165.00 14:42:42 AIMX
100 1165.00 14:42:42 AIMX
275 1165.00 14:42:42 AIMX
370 1164.00 14:42:44 AIMX
652 1165.00 14:50:31 AIMX
215 1165.00 14:50:31 AIMX
412 1165.00 14:50:31 AIMX
499 1161.00 14:51:17 AIMX
83 1164.00 14:51:47 AIMX
356 1165.00 14:51:47 AIMX
430 1163.00 14:52:45 AIMX
350 1164.00 14:52:45 AIMX
71 1164.00 14:52:45 AIMX
164 1162.00 14:54:09 AIMX
219 1162.00 14:54:09 AIMX
13 1163.00 15:01:25 AIMX
350 1163.00 15:01:25 AIMX
25 1163.00 15:01:25 AIMX
427 1164.00 15:04:39 AIMX
59 1164.00 15:04:39 AIMX
96 1164.00 15:04:46 AIMX
111 1164.00 15:04:46 AIMX
125 1164.00 15:05:00 AIMX
269 1164.00 15:05:00 AIMX
132 1164.00 15:06:47 AIMX
394 1162.00 15:11:53 AIMX
634 1160.00 15:13:49 AIMX
76 1159.00 15:13:49 AIMX
282 1159.00 15:14:55 AIMX
361 1159.00 15:14:55 AIMX
595 1164.00 15:17:28 AIMX
248 1164.00 15:17:28 AIMX
16 1164.00 15:17:28 AIMX
329 1168.00 15:17:49 AIMX
31 1168.00 15:17:49 AIMX
258 1168.00 15:17:49 AIMX
125 1168.00 15:17:49 AIMX
2654 1168.00 15:17:49 AIMX
250 1168.00 15:17:49 AIMX
116 1168.00 15:17:49 AIMX
159 1168.00 15:19:29 AIMX
226 1168.00 15:19:49 AIMX
7 1168.00 15:19:49 AIMX
100 1168.00 15:19:49 AIMX
73 1168.00 15:19:50 AIMX
250 1168.00 15:22:50 AIMX
153 1168.00 15:22:50 AIMX
3 1168.00 15:23:57 AIMX
366 1170.00 15:26:39 AIMX
1449 1170.00 15:26:39 AIMX
639 1170.00 15:26:39 AIMX
859 1170.00 15:26:39 AIMX
397 1172.00 15:29:46 AIMX
390 1173.00 15:30:05 AIMX
328 1173.00 15:31:19 AIMX
34 1173.00 15:31:19 AIMX
7 1173.00 15:31:39 AIMX
3 1173.00 15:32:55 AIMX
31 1174.00 15:32:55 AIMX
340 1175.00 15:33:52 AIMX
1000 1175.00 15:33:52 AIMX
88 1175.00 15:33:52 AIMX
42 1175.00 15:33:52 AIMX
104 1175.00 15:33:52 AIMX
86 1173.00 15:34:52 AIMX
180 1173.00 15:34:52 AIMX
126 1173.00 15:42:57 AIMX
435 1173.00 15:42:57 AIMX
35 1173.00 15:42:57 AIMX
213 1173.00 15:42:57 AIMX
119 1173.00 15:42:57 AIMX
392 1173.00 15:42:57 AIMX
117 1173.00 15:42:57 AIMX
91 1173.00 15:42:57 AIMX
89 1173.00 15:42:57 AIMX
137 1173.00 15:42:57 AIMX
250 1173.00 15:47:57 AIMX
195 1173.00 15:47:57 AIMX
102 1171.00 15:47:57 AIMX
100 1171.00 15:47:57 AIMX
277 1171.00 15:47:57 AIMX
175 1170.00 15:47:57 AIMX
236 1170.00 15:47:57 AIMX
359 1168.00 15:47:57 AIMX
372 1168.00 15:50:10 AIMX
71 1168.00 15:50:10 AIMX
121 1169.00 15:50:10 AIMX
25 1169.00 15:50:10 AIMX
148 1169.00 15:50:10 AIMX
110 1169.00 15:50:14 AIMX
11 1169.00 15:50:14 AIMX
125 1169.00 15:51:14 AIMX
315 1169.00 15:51:14 AIMX
361 1169.00 15:53:14 AIMX
54 1169.00 15:53:14 AIMX
359 1167.00 15:53:45 AIMX
41 1167.00 15:53:45 AIMX
336 1167.00 15:53:45 AIMX
53 1167.00 15:53:45 AIMX
93 1165.00 15:54:00 AIMX
132 1165.00 15:54:00 AIMX
35 1165.00 15:54:00 AIMX
42 1165.00 15:54:00 AIMX
42 1165.00 15:54:00 AIMX
430 1166.00 16:01:11 AIMX
390 1166.00 16:01:11 AIMX
377 1166.00 16:01:11 AIMX
370 1166.00 16:01:11 AIMX
533 1166.00 16:01:45 AIMX
43 1166.00 16:01:45 AIMX
1411 1167.00 16:05:47 AIMX
31 1167.00 16:05:47 AIMX
531 1167.00 16:06:05 AIMX
319 1166.00 16:06:42 AIMX
110 1166.00 16:06:42 AIMX
243 1166.00 16:06:42 AIMX
135 1166.00 16:06:42 AIMX
350 1166.00 16:06:42 AIMX
18 1166.00 16:06:42 AIMX
428 1166.00 16:08:59 AIMX
356 1166.00 16:11:00 AIMX
276 1166.00 16:12:00 AIMX
395 1166.00 16:12:01 AIMX
237 1165.00 16:12:01 AIMX
122 1165.00 16:13:59 AIMX
7 1165.00 16:13:59 AIMX
227 1165.00 16:13:59 AIMX
433 1165.00 16:13:59 AIMX
655 1165.00 16:14:14 AIMX
48 1165.00 16:14:14 AIMX
382 1165.00 16:14:14 AIMX
401 1163.00 16:14:27 AIMX
389 1164.00 16:15:09 AIMX
113 1164.00 16:16:09 AIMX
139 1164.00 16:16:09 AIMX
349 1164.00 16:16:09 AIMX
76 1164.00 16:17:09 AIMX
69 1164.00 16:17:09 AIMX
232 1164.00 16:17:09 AIMX
244 1164.00 16:18:15 AIMX
47 1164.00 16:18:15 AIMX
14 1165.00 16:18:15 AIMX
24 1165.00 16:18:35 AIMX
470 1167.00 16:18:38 AIMX
52 1169.00 16:19:06 AIMX
100 1169.00 16:19:06 AIMX
125 1169.00 16:19:08 AIMX
146 1169.00 16:19:08 AIMX
250 1169.00 16:19:08 AIMX
91 1169.00 16:19:08 AIMX
19 1169.00 16:19:08 AIMX
90 1169.00 16:19:19 AIMX
125 1169.00 16:19:20 AIMX
141 1169.00 16:19:20 AIMX
378 1169.00 16:19:39 AIMX
517 1169.00 16:20:57 AIMX
13 1169.00 16:20:57 AIMX
18 1169.00 16:22:08 AIMX
22 1170.00 16:24:24 AIMX
490 1170.00 16:24:24 AIMX
48 1170.00 16:24:24 AIMX
60 1170.00 16:24:24 AIMX
54 1170.00 16:24:24 AIMX
8 1170.00 16:24:24 AIMX
84 1170.00 16:24:24 AIMX
52 1170.00 16:24:24 AIMX
68 1170.00 16:24:24 AIMX
125 1170.00 16:24:24 AIMX
126 1170.00 16:24:24 AIMX
51 1170.00 16:24:24 AIMX
100 1170.00 16:24:24 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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