REG - Burford Capital Ltd - Transaction in Own Shares
21/03/2024 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:20240321:nRSU6830Ha&default-theme=true
RNS Number : 6830H Burford Capital Limited 21 March 2024
March 21, 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 20, 2024
Aggregate number of Ordinary Shares purchased: 46,461
Lowest price paid per Ordinary Share (GBp): 1130.00
Highest price paid per Ordinary Share (GBp): 1170.00
Volume weighted average price paid per Ordinary Share (GBp): 1149.8569
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 441,464 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 218,874,564 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
38 1146.00 08:23:47 AIMX
362 1150.00 08:29:53 AIMX
77 1150.00 08:29:53 AIMX
100 1150.00 08:40:20 AIMX
398 1150.00 08:40:20 AIMX
290 1150.00 08:40:20 AIMX
376 1149.00 09:29:24 AIMX
379 1146.00 10:12:18 AIMX
9 1143.00 10:13:34 AIMX
396 1143.00 10:13:34 AIMX
430 1140.00 10:26:45 AIMX
7 1140.00 10:26:58 AIMX
53 1140.00 10:26:58 AIMX
15 1140.00 10:26:58 AIMX
10 1140.00 10:26:58 AIMX
53 1140.00 10:26:58 AIMX
14 1140.00 10:26:59 AIMX
396 1139.00 10:27:11 AIMX
40 1137.00 10:33:19 AIMX
317 1137.00 10:47:51 AIMX
370 1137.00 10:47:51 AIMX
394 1140.00 10:57:09 AIMX
62 1140.00 10:57:09 AIMX
441 1140.00 10:57:09 AIMX
6 1140.00 10:57:43 AIMX
13 1140.00 10:57:43 AIMX
8 1140.00 10:57:47 AIMX
13 1140.00 10:57:47 AIMX
395 1140.00 10:58:18 AIMX
7 1140.00 11:08:33 AIMX
391 1140.00 11:19:58 AIMX
168 1139.00 11:20:00 AIMX
270 1139.00 11:20:00 AIMX
255 1138.00 11:30:20 AIMX
130 1138.00 11:30:20 AIMX
20 1140.00 11:52:58 AIMX
8 1140.00 11:52:59 AIMX
375 1140.00 11:52:59 AIMX
8 1140.00 11:53:03 AIMX
16 1140.00 11:53:08 AIMX
265 1140.00 11:54:08 AIMX
126 1140.00 11:54:08 AIMX
10 1140.00 11:55:06 AIMX
13 1140.00 11:55:06 AIMX
216 1140.00 11:56:07 AIMX
82 1140.00 11:56:07 AIMX
409 1138.00 11:57:44 AIMX
439 1138.00 11:57:44 AIMX
296 1142.00 12:59:09 AIMX
416 1141.00 13:00:09 AIMX
604 1140.00 13:00:09 AIMX
400 1139.00 13:00:11 AIMX
415 1134.00 13:02:58 AIMX
439 1133.00 13:02:58 AIMX
102 1133.00 13:24:11 AIMX
262 1133.00 13:24:11 AIMX
273 1136.00 13:30:24 AIMX
13 1136.00 13:30:24 AIMX
450 1135.00 13:30:41 AIMX
365 1132.00 13:30:41 AIMX
999 1130.00 13:30:41 AIMX
396 1130.00 13:30:41 AIMX
748 1130.00 13:30:41 AIMX
488 1130.00 13:30:41 AIMX
323 1130.00 13:30:41 AIMX
800 1140.00 13:41:07 AIMX
663 1140.00 13:41:07 AIMX
524 1140.00 13:42:09 AIMX
6 1143.00 13:50:14 AIMX
8 1143.00 13:50:14 AIMX
640 1143.00 13:50:14 AIMX
9 1143.00 13:50:14 AIMX
45 1143.00 13:50:14 AIMX
377 1143.00 13:50:14 AIMX
401 1144.00 13:53:07 AIMX
216 1144.00 13:53:07 AIMX
40 1144.00 13:53:07 AIMX
39 1144.00 13:53:07 AIMX
49 1144.00 13:53:07 AIMX
55 1144.00 13:53:07 AIMX
300 1149.00 14:01:43 AIMX
547 1149.00 14:01:43 AIMX
400 1150.00 14:02:59 AIMX
20 1150.00 14:02:59 AIMX
424 1149.00 14:03:30 AIMX
350 1148.00 14:03:30 AIMX
13 1148.00 14:03:30 AIMX
90 1148.00 14:03:31 AIMX
13 1148.00 14:03:31 AIMX
386 1148.00 14:09:11 AIMX
215 1148.00 14:09:44 AIMX
13 1148.00 14:09:44 AIMX
121 1147.00 14:12:25 AIMX
262 1147.00 14:12:25 AIMX
469 1146.00 14:12:25 AIMX
458 1145.00 14:12:34 AIMX
100 1146.00 14:20:43 AIMX
315 1146.00 14:20:43 AIMX
10 1147.00 14:25:40 AIMX
1830 1149.00 14:34:34 AIMX
696 1149.00 14:34:34 AIMX
207 1149.00 14:34:34 AIMX
319 1149.00 14:34:34 AIMX
141 1149.00 14:35:56 AIMX
288 1149.00 14:35:56 AIMX
11 1151.00 14:44:36 AIMX
300 1153.00 14:49:44 AIMX
384 1153.00 14:49:44 AIMX
300 1153.00 14:49:44 AIMX
1838 1153.00 14:49:44 AIMX
613 1153.00 14:49:44 AIMX
388 1157.00 14:56:07 AIMX
358 1157.00 14:56:07 AIMX
383 1157.00 14:56:07 AIMX
388 1156.00 14:58:54 AIMX
49 1155.00 14:58:58 AIMX
301 1155.00 14:58:58 AIMX
326 1155.00 14:58:58 AIMX
116 1155.00 14:58:58 AIMX
313 1158.00 15:09:55 AIMX
62 1158.00 15:09:55 AIMX
219 1158.00 15:09:55 AIMX
394 1158.00 15:09:55 AIMX
18 1158.00 15:09:55 AIMX
148 1158.00 15:09:55 AIMX
262 1158.00 15:09:55 AIMX
9 1158.00 15:09:55 AIMX
137 1158.00 15:09:55 AIMX
387 1157.00 15:09:55 AIMX
188 1157.00 15:09:55 AIMX
16 1162.00 15:14:58 AIMX
372 1162.00 15:15:29 AIMX
1300 1164.00 15:25:37 AIMX
537 1164.00 15:25:37 AIMX
21 1165.00 15:28:42 AIMX
58 1165.00 15:29:02 AIMX
516 1165.00 15:29:02 AIMX
68 1165.00 15:29:07 AIMX
57 1165.00 15:31:02 AIMX
400 1165.00 15:31:02 AIMX
144 1165.00 15:31:02 AIMX
106 1167.00 15:35:54 AIMX
200 1167.00 15:35:54 AIMX
232 1167.00 15:35:54 AIMX
420 1166.00 15:36:48 AIMX
385 1166.00 15:43:33 AIMX
399 1166.00 15:43:33 AIMX
513 1165.00 15:43:33 AIMX
17 1165.00 15:43:33 AIMX
66 1168.00 15:47:09 AIMX
95 1168.00 15:47:09 AIMX
308 1168.00 15:57:09 AIMX
378 1168.00 15:57:09 AIMX
418 1168.00 15:57:09 AIMX
365 1168.00 15:57:09 AIMX
383 1168.00 15:57:09 AIMX
303 1167.00 15:57:09 AIMX
344 1167.00 15:57:09 AIMX
49 1167.00 15:57:09 AIMX
27 1169.00 16:01:50 AIMX
355 1169.00 16:01:50 AIMX
50 1169.00 16:03:35 AIMX
124 1169.00 16:03:36 AIMX
236 1169.00 16:03:36 AIMX
27 1169.00 16:03:36 AIMX
1000 1170.00 16:08:28 AIMX
350 1170.00 16:08:28 AIMX
130 1170.00 16:08:28 AIMX
100 1170.00 16:08:28 AIMX
182 1170.00 16:08:28 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 POSFLFSDVDIIFISRecent 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