REG - Burford Capital Ltd - Christopher A. Halmy Nominated as Board Director

Burford CapitalAnnouncement

11/04/2022 07:00

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RNS Number : 8802H  Burford Capital Limited  11 April 2022

 

11 April 2022

 

 

BURFORD CAPITAL ANNOUNCES NOMINATION OF CHRISTOPHER A. HALMY AS BOARD DIRECTOR

 

Burford Capital Limited, the leading global finance and asset management firm
focused on law, is pleased to announce the nomination of Christopher Arthur
Halmy as a new independent non-executive director. Mr Halmy's candidacy will
be put before shareholders for their approval at Burford's forthcoming Annual
General Meeting ("AGM").

 

Mr Halmy (53) is the former Chief Financial Officer of Ally Financial
(formerly General Motors Acceptance Corporation, or GMAC), a $180 billion
asset New York Stock Exchange-listed US financial institution whose
multinational IPO he led and whose $25 billion investment portfolio he
oversaw. Before Ally, Mr Halmy (a Certified Public Accountant) was with
JPMorgan, Bank of America and MBNA; he began his career as an auditor at
Deloitte. Mr Halmy brings deep US public markets and US GAAP experience to
Burford's Board, where he will serve on the Audit Committee.

 

Mr Halmy is the non-executive Chairman and audit committee chair of Mercury
Financial, the largest non-bank credit card company in the US, and is a
non-executive director of Mosaic Sustainable Finance Corp., a solar energy
company.

 

Mr Halmy is Burford's fourth new director since 2020 (all of whom sit on the
Audit Committee and, with Mr Halmy, three of whom are audit committee
financial experts). On February 27, 2020, Burford disclosed a plan to achieve
a Board with a majority of independent directors under the UK Corporate
Governance Code (despite not being subject to the Code) by its 2023 AGM.
Though Burford's Board satisfies the independence rules to which it is
subject, Burford is conscious that the UK Code treats Messrs Wilson and
Parkinson as non-independent directors given their tenure, and Mr Bogart as
non-independent given his executive position. Upon Mr Halmy's election,
Burford will have delivered an independent Board under the UK Code one full
year ahead of plan. Burford intends to appoint one more director in due
course. Of the four incumbent directors in place prior to 2020, two have now
retired, Mr Parkinson will retire in 2023 and Mr Wilson will retire in 2024.

 

Other than disclosed below in relation to current and prior directorships,
Burford Capital Limited confirms that there are no further disclosures to be
made in relation to Rule 17 of paragraph (g) of Schedule Two of the AIM Rules
for Companies.

 

 Current directorships/partnerships:  Atticus Advisors, LLC

                                      Finch Capital, LLC

                                      Mercury Financial Holdings LLC

                                      Mosaic Sustainable Finance Corp.

                                      Solar Mosaic, LLC

 

 Directorships/Partnerships in the past five years:  CC SAG Holdings GP, LLC

                                                     Credit Shop, INC

                                                     Solar Mosaic, INC (Merged into: Mosaic Sustainable Finance Corp)

                                                     Spectrum Automotive Holdings Corporation

 

 

For further information, please contact:

 

 Burford Capital Limited
 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)

 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

 

 

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, 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 US Securities and Exchange Commission on
March 29, 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
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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