REG - Burford Capital Ltd - Transaction in Own Shares
27/09/2023 07:00
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RNS Number : 7524N Burford Capital Limited 27 September 2023
27 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 "LTIP"), the Company purchased the following
number of Ordinary Shares through Numis Securities Limited ("Numis").
Date of purchase: September 26, 2023
Aggregate number of Ordinary Shares purchased: 34,373
Lowest price paid per Ordinary Share (GBp): 1147.00
Highest price paid per Ordinary Share (GBp): 1168.00
Volume weighted average price paid per Ordinary Share (GBp): 1161.2075
After giving effect to the purchase of these Ordinary Shares on September 26,
2023, the Company has purchased a total of 261,000 Ordinary Shares for an
aggregate gross consideration of £3,070,957.57, at an average price of GBp
1176.6121 per Ordinary Share, resulting in its completion of the Programme to
satisfy the Company's requirements in connection with the forthcoming vesting
of restricted stock units under the LTIP.
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 350,947 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 218,698,930 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
266 1159.00 08:43:59 AIMX
259 1163.00 08:43:59 AIMX
152 1163.00 08:43:59 AIMX
363 1163.00 08:44:02 AIMX
436 1162.00 08:45:55 AIMX
378 1162.00 08:46:55 AIMX
435 1160.00 08:48:30 AIMX
79 1158.00 08:48:30 AIMX
713 1159.00 08:48:30 AIMX
385 1159.00 08:50:00 AIMX
725 1159.00 08:50:00 AIMX
455 1162.00 09:03:41 AIMX
291 1161.00 09:03:41 AIMX
138 1161.00 09:03:41 AIMX
84 1161.00 09:03:41 AIMX
414 1159.00 09:11:45 AIMX
43 1153.00 09:49:56 AIMX
68 1153.00 09:49:56 AIMX
250 1153.00 09:49:56 AIMX
32 1153.00 09:49:56 AIMX
407 1152.00 09:49:56 AIMX
95 1147.00 10:28:04 AIMX
106 1147.00 10:28:04 AIMX
155 1147.00 10:28:04 AIMX
492 1158.00 10:37:18 AIMX
217 1158.00 10:37:40 AIMX
49 1158.00 10:38:10 AIMX
166 1158.00 10:39:13 AIMX
199 1158.00 10:39:13 AIMX
132 1158.00 10:41:13 AIMX
388 1156.00 10:43:20 AIMX
125 1155.00 11:14:50 AIMX
237 1155.00 11:14:50 AIMX
423 1156.00 11:37:01 AIMX
81 1156.00 11:51:41 AIMX
156 1156.00 11:53:49 AIMX
431 1158.00 11:58:05 AIMX
420 1157.00 12:02:07 AIMX
63 1157.00 12:26:55 AIMX
354 1157.00 12:26:55 AIMX
17 1156.00 12:26:55 AIMX
22 1156.00 12:26:58 AIMX
108 1156.00 12:26:58 AIMX
259 1156.00 12:26:58 AIMX
71 1157.00 12:44:56 AIMX
394 1158.00 12:45:23 AIMX
413 1158.00 12:51:48 AIMX
405 1159.00 13:13:45 AIMX
95 1160.00 13:29:41 AIMX
259 1162.00 13:29:41 AIMX
115 1162.00 13:29:48 AIMX
8 1162.00 13:29:48 AIMX
373 1162.00 13:32:30 AIMX
33 1163.00 13:52:53 AIMX
6 1163.00 13:52:53 AIMX
503 1163.00 13:52:53 AIMX
402 1163.00 13:52:53 AIMX
500 1164.00 13:59:41 AIMX
411 1164.00 14:07:25 AIMX
300 1164.00 14:07:25 AIMX
133 1164.00 14:07:26 AIMX
347 1161.00 14:19:35 AIMX
44 1161.00 14:19:35 AIMX
400 1161.00 14:21:51 AIMX
471 1160.00 14:21:52 AIMX
953 1160.00 14:28:11 AIMX
943 1160.00 14:32:29 AIMX
360 1163.00 14:34:51 AIMX
375 1163.00 14:35:30 AIMX
643 1168.00 14:42:10 AIMX
430 1168.00 14:42:10 AIMX
356 1168.00 14:42:41 AIMX
565 1166.00 14:43:09 AIMX
68 1164.00 14:45:02 AIMX
289 1164.00 14:47:30 AIMX
321 1164.00 14:47:30 AIMX
48 1164.00 14:47:30 AIMX
32 1167.00 14:50:29 AIMX
469 1167.00 14:50:29 AIMX
29 1167.00 14:50:30 AIMX
125 1167.00 14:50:31 AIMX
125 1167.00 14:50:31 AIMX
90 1167.00 14:50:31 AIMX
437 1166.00 14:51:17 AIMX
30 1166.00 14:57:17 AIMX
131 1166.00 14:57:17 AIMX
74 1166.00 14:57:17 AIMX
140 1166.00 14:57:17 AIMX
60 1166.00 14:59:17 AIMX
97 1166.00 14:59:17 AIMX
85 1166.00 14:59:17 AIMX
144 1166.00 14:59:17 AIMX
16 1166.00 14:59:17 AIMX
47 1164.00 15:00:01 AIMX
357 1164.00 15:00:01 AIMX
275 1164.00 15:00:01 AIMX
149 1164.00 15:00:01 AIMX
24 1163.00 15:03:24 AIMX
60 1164.00 15:03:24 AIMX
42 1164.00 15:03:24 AIMX
229 1163.00 15:03:24 AIMX
160 1163.00 15:04:24 AIMX
56 1163.00 15:04:24 AIMX
94 1163.00 15:04:24 AIMX
84 1163.00 15:04:24 AIMX
377 1164.00 15:09:51 AIMX
141 1163.00 15:09:51 AIMX
125 1163.00 15:09:51 AIMX
75 1163.00 15:09:51 AIMX
121 1161.00 15:12:51 AIMX
42 1161.00 15:12:51 AIMX
231 1161.00 15:12:51 AIMX
158 1160.00 15:14:08 AIMX
214 1160.00 15:14:08 AIMX
55 1159.00 15:17:13 AIMX
62 1159.00 15:17:13 AIMX
255 1159.00 15:17:13 AIMX
200 1159.00 15:18:13 AIMX
150 1159.00 15:18:13 AIMX
44 1159.00 15:18:13 AIMX
112 1160.00 15:19:44 AIMX
438 1160.00 15:23:46 AIMX
26 1159.00 15:23:46 AIMX
343 1159.00 15:23:46 AIMX
29 1159.00 15:23:46 AIMX
42 1160.00 15:23:46 AIMX
56 1160.00 15:23:46 AIMX
83 1162.00 15:26:01 AIMX
101 1162.00 15:26:01 AIMX
83 1162.00 15:26:01 AIMX
102 1163.00 15:28:01 AIMX
150 1163.00 15:28:01 AIMX
12 1165.00 15:32:44 AIMX
71 1165.00 15:32:44 AIMX
417 1165.00 15:32:44 AIMX
100 1164.00 15:32:44 AIMX
100 1164.00 15:32:44 AIMX
50 1164.00 15:32:44 AIMX
100 1164.00 15:32:44 AIMX
20 1164.00 15:32:44 AIMX
125 1164.00 15:34:46 AIMX
234 1164.00 15:34:46 AIMX
100 1162.00 15:35:30 AIMX
150 1162.00 15:35:30 AIMX
137 1162.00 15:35:30 AIMX
43 1162.00 15:39:33 AIMX
53 1162.00 15:39:33 AIMX
375 1162.00 15:39:33 AIMX
18 1162.00 15:39:33 AIMX
100 1162.00 15:39:33 AIMX
101 1162.00 15:39:33 AIMX
364 1162.00 15:41:51 AIMX
373 1162.00 15:44:11 AIMX
77 1162.00 15:46:51 AIMX
340 1162.00 15:46:51 AIMX
375 1162.00 15:49:51 AIMX
108 1162.00 15:52:11 AIMX
300 1162.00 15:52:11 AIMX
28 1164.00 15:54:11 AIMX
78 1164.00 15:54:11 AIMX
140 1164.00 15:54:11 AIMX
54 1164.00 15:54:11 AIMX
177 1160.00 15:54:16 AIMX
75 1160.00 15:54:16 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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