REG - Burford Capital Ltd - Transaction in Own Shares
25/03/2024 07:00
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RNS Number : 0511I Burford Capital Limited 25 March 2024
March 25, 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 22, 2024
Aggregate number of Ordinary Shares purchased: 49,000
Lowest price paid per Ordinary Share (GBp): 1193.00
Highest price paid per Ordinary Share (GBp): 1208.00
Volume weighted average price paid per Ordinary Share (GBp): 1203.5530
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 539,464 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 218,776,564 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
486 1198.00 08:32:24 AIMX
31 1201.00 08:34:06 AIMX
428 1201.00 08:34:06 AIMX
450 1202.00 08:35:37 AIMX
393 1205.00 08:46:23 AIMX
107 1205.00 08:46:23 AIMX
300 1205.00 08:46:23 AIMX
50 1205.00 08:46:23 AIMX
157 1203.00 08:46:25 AIMX
434 1203.00 08:46:25 AIMX
492 1201.00 08:49:03 AIMX
412 1201.00 08:51:41 AIMX
537 1200.00 08:59:08 AIMX
260 1202.00 09:07:18 AIMX
475 1205.00 09:09:38 AIMX
415 1203.00 09:09:39 AIMX
407 1202.00 09:23:30 AIMX
574 1201.00 09:23:33 AIMX
441 1201.00 09:27:45 AIMX
409 1193.00 09:46:59 AIMX
406 1198.00 10:02:37 AIMX
476 1198.00 10:02:37 AIMX
397 1198.00 10:06:20 AIMX
180 1201.00 10:16:19 AIMX
292 1201.00 10:23:47 AIMX
469 1201.00 10:23:47 AIMX
471 1200.00 10:25:28 AIMX
435 1199.00 10:41:24 AIMX
414 1199.00 10:54:55 AIMX
452 1197.00 11:19:33 AIMX
398 1204.00 11:42:46 AIMX
5 1204.00 11:46:37 AIMX
200 1205.00 11:48:16 AIMX
229 1205.00 11:48:16 AIMX
92 1203.00 11:55:48 AIMX
373 1203.00 11:55:48 AIMX
442 1201.00 12:06:47 AIMX
430 1201.00 12:11:20 AIMX
392 1205.00 12:52:33 AIMX
406 1204.00 12:52:33 AIMX
412 1205.00 13:05:29 AIMX
474 1205.00 13:05:29 AIMX
398 1200.00 13:07:09 AIMX
479 1199.00 13:15:59 AIMX
415 1199.00 13:16:59 AIMX
422 1199.00 13:20:00 AIMX
277 1198.00 13:22:20 AIMX
196 1198.00 13:22:20 AIMX
482 1197.00 13:25:25 AIMX
412 1196.00 13:25:43 AIMX
420 1196.00 13:32:57 AIMX
982 1194.00 13:36:58 AIMX
500 1199.00 13:40:38 AIMX
300 1199.00 13:40:38 AIMX
722 1199.00 13:40:38 AIMX
304 1199.00 13:40:38 AIMX
330 1199.00 13:40:38 AIMX
62 1197.00 13:42:27 AIMX
497 1197.00 13:42:27 AIMX
414 1195.00 13:44:47 AIMX
439 1199.00 13:47:17 AIMX
146 1205.00 13:52:47 AIMX
50 1205.00 13:52:47 AIMX
138 1205.00 13:52:47 AIMX
45 1205.00 13:52:47 AIMX
12 1205.00 13:52:47 AIMX
98 1203.00 13:52:47 AIMX
188 1201.00 14:00:10 AIMX
101 1201.00 14:00:10 AIMX
172 1201.00 14:00:10 AIMX
475 1205.00 14:15:04 AIMX
32 1205.00 14:15:04 AIMX
415 1205.00 14:15:04 AIMX
100 1205.00 14:19:31 AIMX
322 1205.00 14:19:31 AIMX
589 1204.00 14:20:32 AIMX
48 1204.00 14:20:32 AIMX
1023 1205.00 14:30:47 AIMX
482 1205.00 14:30:47 AIMX
404 1205.00 14:35:36 AIMX
454 1205.00 14:40:29 AIMX
445 1205.00 14:40:29 AIMX
31 1205.00 14:40:58 AIMX
180 1205.00 14:40:58 AIMX
98 1203.00 14:43:23 AIMX
429 1205.00 14:47:42 AIMX
434 1205.00 14:51:25 AIMX
332 1208.00 15:52:38 AIMX
433 1208.00 15:52:38 AIMX
461 1208.00 15:52:38 AIMX
581 1208.00 15:52:38 AIMX
455 1208.00 15:52:38 AIMX
398 1208.00 15:52:38 AIMX
394 1208.00 15:52:38 AIMX
453 1208.00 15:52:38 AIMX
452 1208.00 15:52:38 AIMX
395 1208.00 15:52:38 AIMX
876 1208.00 15:52:38 AIMX
424 1208.00 15:52:38 AIMX
393 1208.00 15:52:38 AIMX
444 1208.00 15:52:38 AIMX
432 1208.00 15:52:38 AIMX
467 1208.00 15:52:38 AIMX
480 1208.00 15:52:38 AIMX
401 1208.00 15:52:38 AIMX
409 1208.00 15:52:38 AIMX
413 1208.00 15:52:38 AIMX
467 1208.00 15:52:38 AIMX
446 1208.00 15:52:38 AIMX
411 1208.00 15:52:38 AIMX
429 1208.00 15:52:38 AIMX
408 1208.00 15:52:38 AIMX
324 1208.00 15:52:38 AIMX
143 1208.00 15:52:38 AIMX
94 1205.00 15:54:39 AIMX
717 1208.00 16:02:29 AIMX
76 1208.00 16:02:29 AIMX
69 1208.00 16:02:29 AIMX
122 1208.00 16:02:29 AIMX
75 1208.00 16:02:29 AIMX
560 1208.00 16:02:29 AIMX
133 1208.00 16:02:29 AIMX
394 1208.00 16:02:29 AIMX
687 1208.00 16:04:21 AIMX
223 1206.00 16:10:25 AIMX
438 1206.00 16:10:25 AIMX
259 1206.00 16:10:25 AIMX
396 1206.00 16:10:25 AIMX
483 1205.00 16:13:51 AIMX
446 1205.00 16:13:51 AIMX
20 1205.00 16:17:49 AIMX
13 1205.00 16:17:49 AIMX
57 1205.00 16:17:49 AIMX
205 1205.00 16:17:49 AIMX
259 1205.00 16:17:49 AIMX
77 1205.00 16:17:49 AIMX
408 1205.00 16:17:49 AIMX
75 1205.00 16:17:49 AIMX
275 1206.00 16:20:44 AIMX
185 1206.00 16:20:44 AIMX
468 1207.00 16:22:29 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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