REG - Burford Capital Ltd - Transaction in Own Shares
20/03/2024 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240320:nRST4972Ha&default-theme=true
RNS Number : 4972H Burford Capital Limited 20 March 2024
March 20, 2024
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 program announced on March 18, 2024 to purchase its ordinary
shares, no par value per share ("Ordinary Shares"), up to a maximum aggregate
amount of £5.0 million (the "Program") in connection with future obligations
under the Company's Deferred Compensation Plan, the Company purchased the
following number of Ordinary Shares through Numis Securities Limited
("Numis").
Date of purchase: March 19, 2024
Aggregate number of Ordinary Shares purchased: 44,056
Lowest price paid per Ordinary Share (GBp): 1118.00
Highest price paid per Ordinary Share (GBp): 1147.00
Volume weighted average price paid per Ordinary Share (GBp): 1133.9163
Ordinary Shares purchased pursuant to the Program 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 219,316,028,
of which 395,003 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 218,921,025 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 Program.
Individual trades information:
Number of Ordinary Shares purchased Transaction price (pence per Ordinary Share) Time of transaction (GMT) Trading venue
515 1125.00 08:57:13 AIMX
390 1123.00 09:36:40 AIMX
506 1119.00 09:38:32 AIMX
381 1119.00 09:43:56 AIMX
430 1119.00 10:38:34 AIMX
85 1118.00 10:38:34 AIMX
21 1119.00 11:20:16 AIMX
270 1119.00 11:20:16 AIMX
102 1119.00 11:20:16 AIMX
50 1118.00 11:43:53 AIMX
1 1118.00 11:56:56 AIMX
376 1119.00 12:01:51 AIMX
424 1119.00 12:01:51 AIMX
800 1118.00 12:01:52 AIMX
911 1118.00 12:01:52 AIMX
545 1118.00 12:01:52 AIMX
891 1121.00 12:02:01 AIMX
571 1121.00 12:02:01 AIMX
51 1123.00 12:07:38 AIMX
83 1124.00 12:09:21 AIMX
849 1124.00 12:09:21 AIMX
19 1124.00 12:09:21 AIMX
569 1123.00 12:14:17 AIMX
822 1125.00 12:33:26 AIMX
28 1130.00 12:35:32 AIMX
584 1130.00 12:35:32 AIMX
433 1130.00 12:35:32 AIMX
367 1129.00 12:41:32 AIMX
381 1130.00 12:42:45 AIMX
431 1130.00 12:54:48 AIMX
393 1129.00 12:56:31 AIMX
437 1128.00 13:27:14 AIMX
419 1127.00 13:27:14 AIMX
554 1125.00 13:27:29 AIMX
96 1131.00 13:33:17 AIMX
89 1131.00 13:33:19 AIMX
553 1131.00 13:33:19 AIMX
384 1131.00 13:33:19 AIMX
414 1132.00 13:35:34 AIMX
213 1131.00 13:35:34 AIMX
151 1131.00 13:35:34 AIMX
450 1129.00 13:35:40 AIMX
100 1130.00 13:38:27 AIMX
316 1130.00 13:38:27 AIMX
498 1130.00 13:38:28 AIMX
373 1129.00 13:39:29 AIMX
13 1131.00 13:42:23 AIMX
5 1131.00 13:42:23 AIMX
414 1131.00 13:42:23 AIMX
412 1131.00 13:43:25 AIMX
31 1131.00 13:43:25 AIMX
191 1140.00 13:45:07 AIMX
379 1140.00 13:45:42 AIMX
404 1139.00 13:45:42 AIMX
287 1144.00 13:48:05 AIMX
127 1144.00 13:48:05 AIMX
382 1144.00 13:49:33 AIMX
141 1144.00 13:49:33 AIMX
235 1144.00 13:49:33 AIMX
576 1141.00 13:49:33 AIMX
385 1141.00 13:53:53 AIMX
437 1141.00 13:53:53 AIMX
423 1139.00 13:53:53 AIMX
374 1142.00 13:59:50 AIMX
647 1142.00 13:59:50 AIMX
436 1142.00 13:59:50 AIMX
568 1138.00 13:59:50 AIMX
388 1136.00 13:59:50 AIMX
150 1134.00 13:59:54 AIMX
240 1134.00 14:00:01 AIMX
431 1132.00 14:00:37 AIMX
268 1129.00 14:03:15 AIMX
129 1129.00 14:03:15 AIMX
158 1130.00 14:07:41 AIMX
202 1130.00 14:07:41 AIMX
11 1130.00 14:08:02 AIMX
273 1130.00 14:08:02 AIMX
74 1130.00 14:08:02 AIMX
52 1130.00 14:08:02 AIMX
429 1129.00 14:12:53 AIMX
235 1136.00 14:28:59 AIMX
80 1136.00 14:28:59 AIMX
2413 1136.00 14:28:59 AIMX
350 1136.00 14:28:59 AIMX
45 1136.00 14:28:59 AIMX
350 1135.00 14:29:16 AIMX
31 1135.00 14:29:16 AIMX
74 1137.00 14:36:29 AIMX
108 1137.00 14:36:29 AIMX
71 1137.00 14:36:29 AIMX
225 1140.00 14:38:25 AIMX
77 1140.00 14:38:25 AIMX
117 1144.00 14:43:04 AIMX
299 1144.00 14:43:04 AIMX
422 1143.00 14:43:37 AIMX
508 1142.00 14:43:37 AIMX
84 1144.00 14:53:25 AIMX
253 1144.00 14:53:25 AIMX
100 1144.00 14:53:25 AIMX
347 1144.00 14:53:25 AIMX
27 1144.00 14:53:25 AIMX
38 1143.00 14:53:25 AIMX
145 1143.00 14:53:26 AIMX
344 1143.00 14:53:26 AIMX
200 1146.00 15:00:53 AIMX
36 1146.00 15:00:53 AIMX
197 1146.00 15:00:53 AIMX
422 1145.00 15:01:57 AIMX
364 1141.00 15:03:41 AIMX
114 1141.00 15:03:41 AIMX
377 1140.00 15:04:09 AIMX
384 1143.00 15:12:01 AIMX
364 1142.00 15:12:02 AIMX
134 1141.00 15:12:04 AIMX
100 1141.00 15:12:04 AIMX
180 1141.00 15:12:04 AIMX
5 1142.00 15:19:13 AIMX
2 1142.00 15:19:13 AIMX
83 1142.00 15:19:15 AIMX
295 1142.00 15:19:15 AIMX
202 1141.00 15:21:31 AIMX
361 1141.00 15:21:31 AIMX
183 1141.00 15:21:31 AIMX
50 1144.00 15:29:14 AIMX
189 1144.00 15:29:14 AIMX
126 1144.00 15:29:14 AIMX
428 1144.00 15:29:25 AIMX
51 1146.00 15:33:06 AIMX
344 1146.00 15:33:06 AIMX
395 1145.00 15:33:45 AIMX
401 1145.00 15:33:45 AIMX
373 1143.00 15:37:50 AIMX
409 1143.00 15:37:50 AIMX
370 1141.00 15:43:51 AIMX
438 1141.00 15:45:51 AIMX
352 1141.00 15:48:51 AIMX
367 1139.00 15:50:04 AIMX
352 1139.00 15:50:04 AIMX
116 1140.00 15:55:50 AIMX
295 1140.00 15:55:50 AIMX
15 1140.00 15:55:52 AIMX
10 1140.00 15:55:56 AIMX
5 1140.00 15:56:00 AIMX
5 1140.00 15:56:04 AIMX
7 1140.00 15:56:08 AIMX
1157 1147.00 16:03:33 AIMX
57 1145.00 16:03:44 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)
Deutsche Numis - 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
James Umbers
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END POSFLFETVDIALISRecent news on Burford Capital
See all newsREG - AIM - AIM Notice - 17/04/2024
AnnouncementREG - Burford Capital Ltd - Holding(s) in Company
AnnouncementREG - Burford Capital Ltd - Notice of 2024 AGM
AnnouncementREG - Burford Capital Ltd - Issuance of New Shares in Connection With LTIP
AnnouncementREG - Burford Capital Ltd - Notice of Retail Shareholder Call on June 20, 2024
Announcement