REG - Burford Capital Ltd - Update on Share Purchases by EBT

Burford CapitalAnnouncement

28/12/2022 12:00

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RNS Number : 9713K  Burford Capital Limited  28 December 2022

 

28 December 2022

 

 

UPDATE ON PURCHASES OF ORDINARY SHARES BY BURFORD CAPITAL EMPLOYEE BENEFIT
TRUST

 

Burford Capital Limited ("Burford"), the leading global finance and asset
management firm focused on law, today announces that it was notified by the
trustee of the Burford Capital Employee Benefit Trust (the "EBT") that it has
purchased in the open market 157,121 of Burford's ordinary shares of nil par
value ("Shares") in accordance with Burford's irrevocable instructions.

 

As previously announced, the purchased Shares will be held by the trustee of
the EBT and used to satisfy vested awards made under Burford Capital's 2016
Long Term Incentive Plan. The EBT is a discretionary trust for the benefit of
the employees of Burford and its subsidiaries.

 

Details of the purchases of the Shares are set forth below:

 

 Date               Stock Exchange  Number of Shares Acquired  Average Price Paid Per Share
 December 16, 2022  LSE             24,500                     670.6518p
 December 19, 2022  LSE             27,000                     665.7534p
 December 20, 2022  LSE             27,500                     655.7661p
 December 21, 2022  LSE             31,500                     671.6827p
 December 22, 2022  LSE             33,500                     661.0142p
 December 23, 2022  LSE             13,121                     666.0122p

 

The weighted average price of the purchases of the Shares on the London Stock
Exchange was 664.9691p per Share.

 

The EBT is expected to continue purchasing Shares in the open market up to
400,000 Shares for an expected market value of approximately £2,804,000
(based on the closing sale price on London Stock Exchange's AIM on December 7,
2022) up until December 31, 2022.

 

Further announcements with details of future purchases, including an
announcement upon completion of these purchases, will follow to the extent
required under the applicable laws and regulations.

 

 

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)

 Numis Securities Limited - 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
 Tony White

 Berenberg - Joint Broker                                             +44 (0)20 3207 7800
 Toby Flaux
 Arnav Kapoor

 

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 principal offices in New York, London, Chicago, Washington, DC,
Singapore, Sydney and Hong Kong.

 

For more information, please visit www.burfordcapital.com
(http://www.burfordcapital.com) .

 

 

This communication shall not constitute an offer to sell or the solicitation
of an offer to buy any ordinary shares or other securities of Burford.

 

This release does not constitute an offer of any Burford fund. Burford Capital
Investment Management LLC, which acts as the fund manager of all Burford
funds, is registered as an investment adviser with the US Securities and
Exchange Commission. The information provided herein is for informational
purposes only. Past performance is not indicative of future results. The
information contained herein 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 the 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,
we and our representatives may from time to time make other oral or written
statements which are forward-looking statements, including in our periodic
reports that we file with, or furnish to, the US Securities and Exchange
Commission (the "SEC"), other information sent to our 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.
We caution you that forward-looking statements are not guarantees of future
performance and are based on numerous assumptions, expectations, projections,
intentions and beliefs and that our actual results of operations, including
our financial position and liquidity, and the development of the industry in
which we operate, 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 we expect include those discussed under "Risk Factors" in our annual
report on Form 20-F filed with the SEC on March 29, 2022, our interim report
on Form 6-K furnished to the SEC on August 9, 2022, and other reports or
documents that we file with, or furnish to, the US Securities and Exchange
Commission from time to time. In addition, even if our results of operations,
including our financial position and liquidity, and the development of the
industry in which we operate 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, we undertake 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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