REG - Burford Capital Ltd - Transaction in Own Shares
22/03/2024 07:00
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RNS Number : 8660H Burford Capital Limited 22 March 2024
March 22, 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 21, 2024
Aggregate number of Ordinary Shares purchased: 49,000
Lowest price paid per Ordinary Share (GBp): 1157.00
Highest price paid per Ordinary Share (GBp): 1181.00
Volume weighted average price paid per Ordinary Share (GBp): 1167.8411
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 490,464 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 218,825,564 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
318 1173.00 08:59:43 AIMX
117 1173.00 08:59:43 AIMX
444 1171.00 09:00:33 AIMX
175 1171.00 09:00:33 AIMX
249 1171.00 09:00:33 AIMX
421 1172.00 09:23:33 AIMX
427 1169.00 09:30:00 AIMX
7 1169.00 09:30:00 AIMX
390 1169.00 09:30:00 AIMX
45 1169.00 10:18:59 AIMX
100 1169.00 10:18:59 AIMX
555 1169.00 10:18:59 AIMX
237 1169.00 10:18:59 AIMX
47 1168.00 10:18:59 AIMX
283 1169.00 10:23:08 AIMX
615 1170.00 10:48:25 AIMX
300 1170.00 10:48:25 AIMX
100 1170.00 10:48:25 AIMX
100 1170.00 10:48:25 AIMX
8 1170.00 10:48:25 AIMX
397 1170.00 10:55:25 AIMX
353 1171.00 11:27:32 AIMX
391 1171.00 11:27:32 AIMX
137 1171.00 11:27:32 AIMX
163 1171.00 11:27:32 AIMX
200 1171.00 11:27:32 AIMX
69 1171.00 11:27:32 AIMX
100 1170.00 11:41:09 AIMX
294 1170.00 11:50:29 AIMX
410 1172.00 12:00:39 AIMX
315 1171.00 12:01:39 AIMX
136 1171.00 12:01:39 AIMX
401 1173.00 12:08:59 AIMX
447 1173.00 12:19:59 AIMX
379 1173.00 12:23:31 AIMX
124 1173.00 12:23:31 AIMX
446 1173.00 12:39:51 AIMX
426 1173.00 12:39:51 AIMX
419 1179.00 12:49:02 AIMX
91 1177.00 12:49:12 AIMX
313 1177.00 12:49:12 AIMX
136 1170.00 13:13:43 AIMX
13 1177.00 13:30:19 AIMX
525 1177.00 13:30:23 AIMX
437 1177.00 13:30:53 AIMX
180 1177.00 13:30:53 AIMX
180 1178.00 13:32:05 AIMX
200 1178.00 13:32:05 AIMX
276 1178.00 13:32:05 AIMX
462 1177.00 13:32:10 AIMX
134 1175.00 13:33:18 AIMX
338 1175.00 13:33:18 AIMX
274 1175.00 13:33:18 AIMX
586 1174.00 13:35:07 AIMX
500 1171.00 13:35:08 AIMX
154 1171.00 13:35:08 AIMX
180 1174.00 13:38:14 AIMX
180 1178.00 13:42:19 AIMX
110 1178.00 13:42:19 AIMX
473 1178.00 13:42:33 AIMX
200 1179.00 13:43:53 AIMX
270 1179.00 13:43:57 AIMX
431 1179.00 13:44:57 AIMX
165 1178.00 13:45:31 AIMX
455 1178.00 13:45:31 AIMX
237 1178.00 13:45:31 AIMX
449 1177.00 13:47:12 AIMX
13 1176.00 13:47:12 AIMX
37 1176.00 13:47:12 AIMX
180 1177.00 13:47:12 AIMX
13 1177.00 13:47:12 AIMX
155 1177.00 13:47:12 AIMX
414 1181.00 13:52:48 AIMX
200 1177.00 13:55:05 AIMX
100 1177.00 13:55:05 AIMX
170 1177.00 13:55:05 AIMX
223 1174.00 13:55:05 AIMX
204 1174.00 13:55:05 AIMX
27 1169.00 13:56:03 AIMX
397 1169.00 13:56:03 AIMX
449 1167.00 14:01:42 AIMX
473 1165.00 14:01:47 AIMX
460 1165.00 14:04:18 AIMX
181 1164.00 14:08:40 AIMX
221 1164.00 14:08:40 AIMX
472 1169.00 14:16:08 AIMX
114 1167.00 14:18:05 AIMX
360 1167.00 14:18:05 AIMX
401 1167.00 14:18:05 AIMX
69 1167.00 14:18:05 AIMX
200 1167.00 14:18:05 AIMX
200 1167.00 14:18:05 AIMX
132 1167.00 14:18:05 AIMX
188 1167.00 14:24:45 AIMX
200 1167.00 14:24:45 AIMX
455 1168.00 14:24:45 AIMX
4 1167.00 14:24:45 AIMX
4 1167.00 14:24:52 AIMX
127 1167.00 14:24:52 AIMX
180 1167.00 14:24:52 AIMX
200 1167.00 14:24:52 AIMX
1 1167.00 14:24:52 AIMX
5 1167.00 14:30:40 AIMX
184 1167.00 14:30:40 AIMX
146 1167.00 14:30:40 AIMX
139 1167.00 14:30:40 AIMX
340 1167.00 14:30:40 AIMX
180 1167.00 14:30:40 AIMX
57 1167.00 14:30:40 AIMX
180 1167.00 14:30:40 AIMX
200 1167.00 14:30:40 AIMX
64 1167.00 14:30:40 AIMX
340 1166.00 14:33:07 AIMX
149 1163.00 14:39:42 AIMX
272 1163.00 14:39:42 AIMX
9 1162.00 14:44:12 AIMX
200 1162.00 14:44:12 AIMX
243 1162.00 14:44:12 AIMX
100 1162.00 14:45:12 AIMX
324 1162.00 14:45:12 AIMX
9 1163.00 14:48:03 AIMX
100 1163.00 14:49:14 AIMX
100 1163.00 14:49:14 AIMX
183 1163.00 14:49:14 AIMX
350 1163.00 14:49:14 AIMX
47 1163.00 14:49:14 AIMX
13 1163.00 14:49:14 AIMX
160 1162.00 14:49:14 AIMX
436 1162.00 14:49:14 AIMX
180 1162.00 14:49:14 AIMX
250 1162.00 14:49:14 AIMX
13 1163.00 14:49:14 AIMX
94 1163.00 14:58:16 AIMX
112 1163.00 14:58:16 AIMX
294 1163.00 14:58:16 AIMX
296 1163.00 14:58:16 AIMX
6 1162.00 14:59:16 AIMX
569 1162.00 14:59:16 AIMX
478 1162.00 15:03:50 AIMX
207 1159.00 15:05:22 AIMX
100 1163.00 15:10:11 AIMX
39 1163.00 15:10:11 AIMX
291 1163.00 15:10:11 AIMX
348 1163.00 15:10:11 AIMX
180 1164.00 15:14:05 AIMX
180 1164.00 15:14:05 AIMX
50 1164.00 15:14:05 AIMX
180 1164.00 15:14:05 AIMX
217 1164.00 15:14:05 AIMX
60 1163.00 15:15:12 AIMX
120 1163.00 15:15:12 AIMX
13 1163.00 15:15:12 AIMX
60 1163.00 15:15:12 AIMX
120 1163.00 15:15:12 AIMX
302 1162.00 15:15:12 AIMX
118 1162.00 15:15:12 AIMX
200 1160.00 15:19:46 AIMX
216 1160.00 15:19:46 AIMX
474 1160.00 15:19:46 AIMX
191 1158.00 15:20:26 AIMX
195 1158.00 15:20:26 AIMX
180 1158.00 15:22:54 AIMX
180 1158.00 15:22:54 AIMX
180 1158.00 15:22:54 AIMX
392 1157.00 15:26:08 AIMX
262 1158.00 15:30:31 AIMX
198 1158.00 15:30:31 AIMX
23 1161.00 15:35:15 AIMX
59 1161.00 15:35:15 AIMX
39 1161.00 15:35:15 AIMX
214 1161.00 15:35:15 AIMX
34 1161.00 15:35:15 AIMX
214 1161.00 15:35:19 AIMX
169 1160.00 15:37:17 AIMX
265 1160.00 15:37:17 AIMX
398 1160.00 15:37:17 AIMX
20 1161.00 15:42:22 AIMX
181 1161.00 15:42:55 AIMX
275 1161.00 15:42:55 AIMX
436 1161.00 15:43:23 AIMX
23 1161.00 15:43:23 AIMX
151 1159.00 15:45:12 AIMX
2 1159.00 15:45:12 AIMX
2 1159.00 15:46:02 AIMX
412 1159.00 15:46:02 AIMX
425 1159.00 15:46:02 AIMX
1288 1161.00 15:59:54 AIMX
81 1161.00 15:59:54 AIMX
80 1161.00 15:59:54 AIMX
314 1161.00 15:59:54 AIMX
216 1162.00 15:59:55 AIMX
13 1162.00 15:59:55 AIMX
26 1162.00 16:00:33 AIMX
424 1161.00 16:00:55 AIMX
16 1162.00 16:02:53 AIMX
34 1162.00 16:02:55 AIMX
315 1163.00 16:03:32 AIMX
75 1163.00 16:03:32 AIMX
41 1163.00 16:03:32 AIMX
177 1164.00 16:07:47 AIMX
249 1164.00 16:07:47 AIMX
444 1164.00 16:07:47 AIMX
116 1164.00 16:09:31 AIMX
100 1164.00 16:09:31 AIMX
33 1164.00 16:09:31 AIMX
100 1164.00 16:09:31 AIMX
51 1164.00 16:09:31 AIMX
463 1164.00 16:09:31 AIMX
436 1163.00 16:09:31 AIMX
231 1168.00 16:14:51 AIMX
100 1168.00 16:14:51 AIMX
1 1168.00 16:14:51 AIMX
424 1169.00 16:15:28 AIMX
421 1170.00 16:17:08 AIMX
479 1170.00 16:17:53 AIMX
433 1169.00 16:18:53 AIMX
61 1170.00 16:21:33 AIMX
403 1170.00 16:21:33 AIMX
220 1171.00 16:22:45 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.
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