REG - Burford Capital Ltd - Transaction in Own Shares
28/03/2024 07:00
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RNS Number : 5935I Burford Capital Limited 28 March 2024
March 28, 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 27, 2024
Aggregate number of Ordinary Shares purchased: 27,409
Lowest price paid per Ordinary Share (GBp): 1250.00
Highest price paid per Ordinary Share (GBp): 1229.00
Volume weighted average price paid per Ordinary Share (GBp): 1240.4392
After giving effect to the purchase of these Ordinary Shares on March 27,
2024, the Company has purchased a total of 319,000 Ordinary Shares for an
aggregate gross consideration of £3,775,129.06, at an average price of GBp
1183.4260 per Ordinary Share, resulting in its completion of the Program to
satisfy the Company's requirements in connection with future obligations under
the Company's Deferred Compensation Plan.
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 669,947 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 218,646,081 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
413 1238.00 08:18:09 AIMX
472 1243.00 08:46:26 AIMX
451 1242.00 08:46:29 AIMX
416 1242.00 08:59:19 AIMX
481 1241.00 08:59:56 AIMX
472 1239.00 09:48:21 AIMX
51 1235.00 09:58:58 AIMX
389 1235.00 09:58:58 AIMX
84 1238.00 11:00:10 AIMX
225 1238.00 11:00:10 AIMX
139 1238.00 11:00:10 AIMX
60 1238.00 11:00:10 AIMX
433 1237.00 11:14:41 AIMX
495 1235.00 11:29:55 AIMX
71 1231.00 11:29:59 AIMX
289 1231.00 11:29:59 AIMX
122 1231.00 11:29:59 AIMX
49 1231.00 11:29:59 AIMX
355 1233.00 11:48:15 AIMX
111 1233.00 11:48:15 AIMX
320 1233.00 11:48:15 AIMX
94 1233.00 11:48:35 AIMX
37 1233.00 11:48:45 AIMX
39 1233.00 11:48:45 AIMX
109 1233.00 11:48:45 AIMX
99 1229.00 12:00:58 AIMX
451 1231.00 12:24:01 AIMX
419 1237.00 12:52:43 AIMX
468 1244.00 13:17:33 AIMX
236 1243.00 13:17:33 AIMX
116 1243.00 13:17:33 AIMX
66 1243.00 13:17:33 AIMX
375 1243.00 13:30:00 AIMX
184 1243.00 13:30:00 AIMX
90 1243.00 13:30:00 AIMX
302 1243.00 13:30:00 AIMX
41 1240.00 13:30:00 AIMX
354 1241.00 13:30:00 AIMX
90 1241.00 13:30:00 AIMX
42 1241.00 13:30:00 AIMX
290 1237.00 13:30:14 AIMX
84 1237.00 13:30:14 AIMX
110 1237.00 13:30:14 AIMX
8 1235.00 13:30:30 AIMX
46 1235.00 13:30:30 AIMX
40 1235.00 13:30:30 AIMX
75 1235.00 13:33:14 AIMX
150 1235.00 13:33:14 AIMX
75 1235.00 13:33:14 AIMX
64 1235.00 13:33:14 AIMX
417 1235.00 13:33:14 AIMX
61 1238.00 13:35:21 AIMX
90 1238.00 13:35:33 AIMX
90 1238.00 13:35:33 AIMX
39 1238.00 13:35:33 AIMX
127 1238.00 13:35:33 AIMX
39 1238.00 13:35:33 AIMX
39 1238.00 13:35:45 AIMX
90 1238.00 13:35:45 AIMX
39 1238.00 13:35:45 AIMX
90 1238.00 13:35:45 AIMX
90 1238.00 13:35:45 AIMX
90 1238.00 13:35:45 AIMX
90 1238.00 13:35:45 AIMX
90 1238.00 13:35:45 AIMX
90 1238.00 13:35:45 AIMX
90 1238.00 13:35:45 AIMX
90 1238.00 13:35:46 AIMX
90 1238.00 13:35:46 AIMX
90 1237.00 13:36:34 AIMX
90 1237.00 13:36:34 AIMX
119 1235.00 13:40:23 AIMX
307 1235.00 13:40:23 AIMX
40 1235.00 13:40:24 AIMX
180 1235.00 13:40:24 AIMX
180 1242.00 13:46:25 AIMX
180 1242.00 13:46:25 AIMX
114 1241.00 13:46:25 AIMX
86 1241.00 13:46:25 AIMX
114 1241.00 13:46:25 AIMX
115 1241.00 13:46:25 AIMX
156 1241.00 13:46:29 AIMX
44 1241.00 13:46:29 AIMX
105 1241.00 13:46:29 AIMX
75 1241.00 13:47:40 AIMX
130 1241.00 13:47:40 AIMX
401 1241.00 13:47:40 AIMX
4 1241.00 13:47:40 AIMX
75 1241.00 13:47:40 AIMX
15 1237.00 14:01:02 AIMX
444 1237.00 14:01:02 AIMX
28 1235.00 14:01:02 AIMX
304 1235.00 14:01:02 AIMX
119 1235.00 14:01:02 AIMX
14 1235.00 14:08:02 AIMX
432 1235.00 14:08:02 AIMX
181 1237.00 14:13:48 AIMX
269 1237.00 14:13:48 AIMX
325 1236.00 14:13:48 AIMX
100 1236.00 14:13:48 AIMX
7 1236.00 14:13:49 AIMX
146 1237.00 14:18:16 AIMX
337 1237.00 14:18:16 AIMX
111 1237.00 14:21:20 AIMX
75 1239.00 14:24:51 AIMX
300 1239.00 14:24:51 AIMX
209 1239.00 14:24:51 AIMX
320 1239.00 14:24:51 AIMX
119 1243.00 14:29:16 AIMX
86 1243.00 14:29:16 AIMX
129 1243.00 14:30:16 AIMX
834 1247.00 14:34:21 AIMX
333 1247.00 14:37:07 AIMX
45 1247.00 14:38:44 AIMX
458 1248.00 14:39:46 AIMX
459 1248.00 14:39:46 AIMX
46 1247.00 14:42:28 AIMX
300 1247.00 14:42:28 AIMX
165 1247.00 14:42:28 AIMX
320 1247.00 14:42:28 AIMX
508 1243.00 14:49:42 AIMX
225 1245.00 14:54:15 AIMX
203 1245.00 14:54:15 AIMX
393 1244.00 14:54:24 AIMX
97 1244.00 14:54:24 AIMX
147 1248.00 15:00:32 AIMX
50 1248.00 15:00:32 AIMX
458 1247.00 15:00:35 AIMX
265 1246.00 15:00:35 AIMX
179 1246.00 15:00:35 AIMX
457 1245.00 15:07:49 AIMX
428 1244.00 15:07:50 AIMX
75 1243.00 15:13:36 AIMX
300 1243.00 15:13:36 AIMX
75 1243.00 15:13:36 AIMX
23 1243.00 15:13:36 AIMX
185 1244.00 15:17:12 AIMX
312 1244.00 15:17:12 AIMX
50 1245.00 15:18:34 AIMX
454 1245.00 15:19:05 AIMX
401 1248.00 15:24:15 AIMX
196 1250.00 15:29:18 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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