REG - Burford Capital Ltd - Transaction in Own Shares
27/03/2024 07:00
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RNS Number : 4073I Burford Capital Limited 27 March 2024
March 27, 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 26, 2024
Aggregate number of Ordinary Shares purchased: 51,659
Lowest price paid per Ordinary Share (GBp): 1191.00
Highest price paid per Ordinary Share (GBp): 1220.00
Volume weighted average price paid per Ordinary Share (GBp): 1199.1084
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 642,538 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 218,673,490 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
458 1193.00 08:49:34 AIMX
433 1193.00 08:59:40 AIMX
219 1193.00 08:59:40 AIMX
284 1193.00 08:59:40 AIMX
90 1199.00 09:02:16 AIMX
108 1199.00 09:02:29 AIMX
619 1200.00 09:10:14 AIMX
130 1199.00 09:10:45 AIMX
486 1201.00 09:17:23 AIMX
307 1199.00 09:17:23 AIMX
294 1199.00 09:17:23 AIMX
157 1199.00 09:17:23 AIMX
459 1196.00 09:17:44 AIMX
166 1195.00 09:17:45 AIMX
550 1195.00 09:17:45 AIMX
112 1194.00 09:17:45 AIMX
368 1194.00 09:18:02 AIMX
460 1196.00 09:24:32 AIMX
245 1193.00 09:24:33 AIMX
332 1193.00 09:24:33 AIMX
431 1191.00 09:29:39 AIMX
137 1195.00 10:26:51 AIMX
294 1195.00 10:26:51 AIMX
242 1195.00 10:26:51 AIMX
180 1195.00 10:26:51 AIMX
434 1194.00 10:37:38 AIMX
206 1194.00 10:47:07 AIMX
231 1194.00 10:47:08 AIMX
270 1194.00 11:22:32 AIMX
143 1194.00 11:22:32 AIMX
432 1194.00 11:36:59 AIMX
179 1194.00 11:47:22 AIMX
413 1194.00 11:51:10 AIMX
457 1194.00 11:53:27 AIMX
462 1194.00 12:07:14 AIMX
453 1194.00 12:07:14 AIMX
392 1195.00 12:12:46 AIMX
414 1194.00 12:16:48 AIMX
441 1194.00 12:16:51 AIMX
440 1194.00 12:22:29 AIMX
443 1194.00 12:34:32 AIMX
464 1194.00 12:42:36 AIMX
479 1194.00 12:42:36 AIMX
416 1193.00 12:49:23 AIMX
459 1194.00 13:24:27 AIMX
476 1194.00 13:24:27 AIMX
98 1194.00 13:25:01 AIMX
472 1194.00 13:25:19 AIMX
712 1196.00 13:28:56 AIMX
26 1196.00 13:28:56 AIMX
523 1196.00 13:28:56 AIMX
62 1196.00 13:28:56 AIMX
800 1196.00 13:28:56 AIMX
25 1196.00 13:28:56 AIMX
72 1197.00 13:35:26 AIMX
330 1203.00 13:38:13 AIMX
582 1203.00 13:38:13 AIMX
478 1201.00 13:38:16 AIMX
15000 1198.00 13:51:07 AIMX
427 1197.00 14:00:48 AIMX
547 1196.00 14:12:05 AIMX
110 1195.00 14:12:05 AIMX
200 1195.00 14:12:06 AIMX
103 1195.00 14:12:06 AIMX
200 1193.00 14:19:20 AIMX
286 1193.00 14:19:20 AIMX
472 1193.00 14:29:45 AIMX
473 1195.00 14:42:45 AIMX
90 1195.00 14:42:45 AIMX
213 1195.00 14:42:45 AIMX
434 1193.00 14:44:18 AIMX
340 1193.00 14:44:18 AIMX
205 1195.00 14:55:31 AIMX
92 1195.00 14:55:31 AIMX
196 1195.00 14:55:31 AIMX
877 1195.00 14:55:31 AIMX
35 1195.00 14:55:31 AIMX
877 1195.00 14:55:31 AIMX
27 1195.00 14:55:31 AIMX
855 1195.00 14:55:45 AIMX
182 1195.00 14:55:56 AIMX
381 1195.00 14:55:56 AIMX
468 1196.00 15:02:31 AIMX
477 1209.00 15:15:19 AIMX
7 1207.00 15:15:20 AIMX
7 1209.00 15:17:17 AIMX
53 1209.00 15:18:05 AIMX
361 1209.00 15:18:05 AIMX
465 1209.00 15:18:05 AIMX
200 1212.00 15:21:13 AIMX
246 1212.00 15:21:13 AIMX
330 1212.00 15:21:13 AIMX
430 1212.00 15:23:35 AIMX
515 1211.00 15:25:20 AIMX
180 1212.00 15:26:10 AIMX
469 1213.00 15:34:19 AIMX
485 1212.00 15:34:21 AIMX
445 1213.00 15:37:22 AIMX
806 1213.00 15:38:06 AIMX
446 1213.00 15:41:48 AIMX
443 1213.00 15:41:52 AIMX
497 1217.00 15:52:30 AIMX
43 1216.00 15:52:32 AIMX
377 1216.00 15:52:50 AIMX
509 1216.00 15:53:50 AIMX
492 1220.00 16:00:05 AIMX
441 1220.00 16:02:17 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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