REG - Burford Capital Ltd - Transaction in Own Shares
26/09/2023 07:00
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RNS Number : 5881N Burford Capital Limited 26 September 2023
26 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 25, 2023
Aggregate number of Ordinary Shares purchased: 40,000
Lowest price paid per Ordinary Share (GBp): 1152.00
Highest price paid per Ordinary Share (GBp): 1172.00
Volume weighted average price paid per Ordinary Share (GBp): 1161.0064
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 316,574 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 218,733,303 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
580 1164.00 08:37:40 AIMX
95 1164.00 08:37:40 AIMX
422 1165.00 08:40:18 AIMX
447 1164.00 08:43:40 AIMX
44 1158.00 08:55:40 AIMX
39 1158.00 09:01:40 AIMX
46 1158.00 09:05:47 AIMX
39 1163.00 09:12:47 AIMX
125 1163.00 09:13:36 AIMX
125 1163.00 09:13:36 AIMX
114 1163.00 09:13:36 AIMX
395 1161.00 09:21:48 AIMX
44 1160.00 09:22:48 AIMX
347 1160.00 09:22:48 AIMX
407 1162.00 09:42:13 AIMX
125 1162.00 09:45:55 AIMX
125 1162.00 09:45:55 AIMX
125 1162.00 09:45:55 AIMX
14 1162.00 09:45:55 AIMX
360 1162.00 09:45:55 AIMX
45 1157.00 10:07:00 AIMX
61 1157.00 10:09:13 AIMX
43 1157.00 10:13:00 AIMX
43 1157.00 10:18:00 AIMX
1 1163.00 10:24:33 AIMX
38 1163.00 10:30:03 AIMX
417 1163.00 10:30:43 AIMX
367 1163.00 10:30:43 AIMX
465 1163.00 10:34:03 AIMX
10 1161.00 10:52:03 AIMX
38 1162.00 11:09:03 AIMX
46 1162.00 11:13:03 AIMX
43 1162.00 11:19:03 AIMX
158 1162.00 11:23:30 AIMX
46 1162.00 11:25:03 AIMX
42 1162.00 11:31:03 AIMX
42 1162.00 11:37:03 AIMX
44 1162.00 11:42:03 AIMX
20 1162.00 11:42:03 AIMX
70 1162.00 11:42:03 AIMX
66 1162.00 11:42:03 AIMX
243 1162.00 11:42:03 AIMX
125 1164.00 11:46:10 AIMX
42 1164.00 11:49:04 AIMX
44 1164.00 11:54:04 AIMX
39 1166.00 12:05:00 AIMX
38 1166.00 12:10:00 AIMX
755 1170.00 12:11:44 AIMX
708 1172.00 12:11:51 AIMX
385 1171.00 12:12:40 AIMX
422 1169.00 12:13:09 AIMX
160 1168.00 12:13:10 AIMX
119 1168.00 12:13:13 AIMX
161 1168.00 12:13:13 AIMX
455 1164.00 12:28:55 AIMX
430 1164.00 12:42:30 AIMX
383 1163.00 12:52:21 AIMX
39 1164.00 12:52:21 AIMX
825 1167.00 13:02:31 AIMX
290 1167.00 13:02:31 AIMX
914 1167.00 13:02:31 AIMX
137 1167.00 13:02:31 AIMX
351 1167.00 13:03:00 AIMX
39 1167.00 13:03:00 AIMX
41 1163.00 13:03:02 AIMX
180 1163.00 13:03:02 AIMX
256 1163.00 13:03:02 AIMX
23 1163.00 13:03:02 AIMX
149 1163.00 13:03:02 AIMX
407 1162.00 13:03:02 AIMX
375 1163.00 13:10:08 AIMX
21 1163.00 13:10:08 AIMX
12 1163.00 13:17:03 AIMX
78 1163.00 13:17:03 AIMX
100 1163.00 13:17:03 AIMX
378 1163.00 13:20:03 AIMX
433 1160.00 13:25:25 AIMX
117 1159.00 13:34:19 AIMX
117 1159.00 13:37:11 AIMX
117 1159.00 13:40:02 AIMX
46 1159.00 13:42:47 AIMX
224 1162.00 13:48:00 AIMX
154 1162.00 13:48:00 AIMX
118 1161.00 13:50:58 AIMX
117 1161.00 13:53:36 AIMX
140 1161.00 13:53:36 AIMX
117 1160.00 13:58:47 AIMX
318 1160.00 13:58:47 AIMX
199 1160.00 14:04:20 AIMX
63 1160.00 14:04:20 AIMX
194 1162.00 14:17:56 AIMX
47 1162.00 14:18:31 AIMX
213 1162.00 14:18:31 AIMX
100 1163.00 14:21:04 AIMX
363 1163.00 14:21:04 AIMX
171 1163.00 14:24:56 AIMX
250 1163.00 14:24:56 AIMX
125 1163.00 14:24:56 AIMX
23 1163.00 14:24:56 AIMX
465 1163.00 14:26:42 AIMX
400 1165.00 14:30:20 AIMX
400 1165.00 14:30:20 AIMX
441 1163.00 14:30:57 AIMX
200 1162.00 14:33:37 AIMX
189 1162.00 14:33:37 AIMX
150 1162.00 14:33:50 AIMX
76 1162.00 14:33:50 AIMX
63 1162.00 14:33:50 AIMX
261 1162.00 14:35:52 AIMX
197 1162.00 14:35:52 AIMX
148 1162.00 14:38:52 AIMX
117 1162.00 14:40:50 AIMX
38 1162.00 14:40:56 AIMX
111 1162.00 14:42:39 AIMX
446 1162.00 14:42:39 AIMX
452 1162.00 14:42:39 AIMX
42 1162.00 14:46:39 AIMX
401 1162.00 14:46:39 AIMX
261 1160.00 14:46:45 AIMX
117 1160.00 14:48:36 AIMX
71 1160.00 14:50:30 AIMX
46 1160.00 14:50:30 AIMX
447 1160.00 14:51:51 AIMX
357 1160.00 14:51:51 AIMX
452 1157.00 14:52:07 AIMX
389 1157.00 14:54:49 AIMX
48 1157.00 15:02:49 AIMX
371 1157.00 15:02:49 AIMX
462 1157.00 15:03:40 AIMX
399 1155.00 15:04:56 AIMX
68 1155.00 15:08:15 AIMX
320 1155.00 15:08:16 AIMX
140 1156.00 15:16:31 AIMX
71 1158.00 15:17:31 AIMX
1 1159.00 15:17:31 AIMX
104 1159.00 15:17:31 AIMX
87 1159.00 15:17:31 AIMX
1 1159.00 15:17:31 AIMX
201 1159.00 15:18:24 AIMX
166 1159.00 15:18:24 AIMX
229 1159.00 15:18:24 AIMX
13 1159.00 15:18:25 AIMX
125 1159.00 15:18:25 AIMX
87 1159.00 15:18:25 AIMX
13 1159.00 15:18:25 AIMX
229 1159.00 15:18:25 AIMX
76 1159.00 15:18:40 AIMX
125 1159.00 15:18:40 AIMX
179 1159.00 15:18:52 AIMX
55 1159.00 15:18:52 AIMX
157 1158.00 15:22:41 AIMX
239 1158.00 15:22:41 AIMX
384 1158.00 15:22:41 AIMX
117 1155.00 15:27:26 AIMX
117 1155.00 15:28:58 AIMX
220 1155.00 15:29:01 AIMX
31 1154.00 15:29:01 AIMX
99 1158.00 15:31:55 AIMX
335 1158.00 15:31:55 AIMX
236 1157.00 15:32:54 AIMX
145 1157.00 15:32:58 AIMX
178 1157.00 15:34:49 AIMX
6 1157.00 15:34:49 AIMX
418 1160.00 15:37:34 AIMX
38 1159.00 15:37:50 AIMX
70 1159.00 15:38:44 AIMX
13 1159.00 15:38:44 AIMX
305 1159.00 15:38:44 AIMX
125 1159.00 15:39:44 AIMX
250 1159.00 15:39:44 AIMX
59 1159.00 15:39:44 AIMX
49 1159.00 15:41:44 AIMX
414 1159.00 15:41:44 AIMX
39 1156.00 15:46:01 AIMX
251 1157.00 15:47:15 AIMX
136 1157.00 15:47:17 AIMX
32 1157.00 15:47:22 AIMX
85 1157.00 15:47:22 AIMX
248 1157.00 15:47:23 AIMX
41 1157.00 15:47:50 AIMX
15 1157.00 15:48:42 AIMX
398 1156.00 15:49:42 AIMX
37 1153.00 15:52:40 AIMX
117 1154.00 15:54:58 AIMX
1 1154.00 15:55:13 AIMX
157 1154.00 15:57:46 AIMX
41 1154.00 15:57:59 AIMX
122 1154.00 15:59:44 AIMX
1 1154.00 15:59:44 AIMX
436 1154.00 15:59:44 AIMX
117 1154.00 16:00:19 AIMX
248 1154.00 16:00:27 AIMX
411 1156.00 16:01:11 AIMX
396 1156.00 16:03:41 AIMX
240 1156.00 16:05:01 AIMX
107 1156.00 16:05:01 AIMX
116 1156.00 16:08:01 AIMX
240 1156.00 16:08:01 AIMX
35 1156.00 16:08:01 AIMX
34 1156.00 16:08:01 AIMX
93 1154.00 16:11:05 AIMX
61 1154.00 16:11:24 AIMX
125 1154.00 16:11:24 AIMX
95 1154.00 16:12:04 AIMX
117 1154.00 16:12:15 AIMX
79 1154.00 16:13:03 AIMX
55 1154.00 16:13:12 AIMX
117 1154.00 16:13:26 AIMX
47 1154.00 16:13:59 AIMX
34 1154.00 16:14:09 AIMX
70 1152.00 16:15:16 AIMX
82 1155.00 16:16:57 AIMX
109 1155.00 16:16:57 AIMX
31 1156.00 16:18:16 AIMX
529 1156.00 16:18:20 AIMX
414 1154.00 16:18:21 AIMX
272 1158.00 16:22:08 AIMX
244 1159.00 16:23:08 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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