REG - Burford Capital Ltd - Proposal to Elect Rick Noel as Director

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RNS Number : 1228Z  Burford Capital Limited  02 April 2026

 

April 2, 2026

 

 

Burford Capital Announces Proposal to Elect Rick Noel as Director

 

Burford Capital Limited ("Burford"), the leading global finance and asset
management firm focused on law, today announces the proposal to elect Rick
Noel as an independent non-executive director, subject to shareholder approval
at its forthcoming annual general meeting of shareholders to be held on May
13, 2026 (the "2026 AGM"). If approved by shareholders at the 2026 AGM, Mr.
Noel will join Burford's board of directors with immediate effect following
the conclusion of the 2026 AGM.

 

Mr. Noel (58) is an independent non-executive director nominee and is expected
to serve as a member of the Audit Committee. Mr. Noel retired as a Partner of
Varde Partners, a global alternative investment firm specializing in credit
and credit-related assets, in 2022 after more than two decades with the firm.
During his tenure, Mr. Noel served in a number of senior leadership roles,
including Head of Global Financial Services and Head of Europe, based in
London, and Head of Asia, based in Singapore, where he established the firm's
Singapore office. Across these roles, he focused on financial services private
equity, consumer and commercial credit, distressed credit portfolios and other
asset-based investments, and was involved in capital raising, investment
committee activities, portfolio management, investor relations and strategic
planning.

 

Earlier in his career, Mr. Noel held investment roles at Advantus Capital
Management and Cargill Financial Services, and he began his career in the
audit and business advisory unit at Arthur Andersen. Mr. Noel serves on the
board of directors of WiZink Bank, a consumer-focused Iberian bank and a
portfolio company of Varde Partners, currently serves as a Senior Advisor to
MPowered Capital, an investment firm providing capital solutions to emerging
managers across private alternatives, and previously served on the board of
directors of Mercury Financial (USA), a monoline credit card issuer and a
former portfolio company of Varde Partners. He also currently serves on the
University of Northern Iowa Foundation Board of Trustees. Mr. Noel earned his
MBA in Finance from the University of Minnesota's Carlson School of Management
and his Bachelor of Arts in Accounting from the University of Northern Iowa.
In addition, he has passed the examinations for the Certified Public
Accountant and Chartered Financial Analyst. Mr. Noel's extensive experience in
financial services, credit investing and global leadership makes him a
valuable member of Burford's board of directors.

 

Other required disclosures

 

Mr. Noel's full name is Ricky John Noel. Save as disclosed below, in relation
to current and prior directorships and/or partnerships, Burford confirms that
there are no further disclosures to be made in relation to Rule 17 and
paragraph (g) of Schedule Two of the AIM Rules for Companies in respect of Mr.
Noel's proposed election.

 

 Current directorships/partnerships:                 WiZink Bank S.A.U.

                                                     Aneto S.ar.l.
 Directorships/partnerships in the past five years:  Mercury Financial Holdings, LLC

                                                     Varde Partners LP

                                                     Varde Partners Iberia SLU

                                                     Varde Partners Italy S.R.L.

                                                     Varde Partners Europe Limited

                                                     Varde Partners Administration Services Ireland Limited

 

 

For further information, please contact:

 

 Burford Capital Limited
 For investor and analyst inquiries:
 Americas: Josh Wood, Head of Investor Relations - email                       +1 212 516 5824
 (mailto:jwood@burfordcapital.com)
 EMEA & Asia: Rob Bailhache, Head of EMEA & Asia Investor Relations -          +44 (0)20 3530 2023
 email (mailto:rbailhache@burfordcapital.com)
 For press inquiries:
 David Helfenbein, Senior Vice President, Communications - email               +1 646 504 7074
 (mailto:media@burfordcapital.com)

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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 works with companies and law firms around the world
from its global network of offices.

 

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

 

 

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any ordinary shares or other securities of Burford.

 

This press release 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 press
release is for informational purposes only. Past performance is not indicative
of future results. The information contained in this press release is not, and
should not be construed as, an offer to sell or the solicitation of an offer
to buy any securities (including 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 press release contains "forward-looking statements" within the meaning of
Section 27A of the US Securities Act of 1933, as amended, and Section 21E of
the US Securities Exchange Act of 1934, as amended, that are intended to be
covered by the safe harbor provided for under these sections. In some cases,
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. Although Burford believes that the assumptions, expectations,
projections, intentions and beliefs about future results and events reflected
in forward-looking statements have a reasonable basis and are expressed in
good faith, forward-looking statements involve known and unknown risks,
uncertainties and other factors, which could cause Burford's actual results
and events to differ materially from (and be more negative than) future
results and events expressed, projected or implied by these forward-looking
statements. Factors that might cause future results and events to differ
include, among others, those discussed in the "Risk Factors" section of
Burford's Annual Report on Form 10-K for the year ended December 31, 2025
filed with the US Securities and Exchange Commission on February 26, 2026.
These factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements contained in the periodic and
current reports that Burford files with or furnishes to the US Securities and
Exchange Commission. Many of these factors are beyond Burford's ability to
control or predict, and new factors emerge from time to time. Furthermore,
Burford cannot assess the impact of each such factor on its business or the
extent to which any factor or combination of factors may cause actual results
and events to be materially different from those contained in any
forward-looking statement. Given these uncertainties, readers are cautioned
not to place undue reliance on Burford's forward-looking statements.

 

All subsequent written and oral forward-looking statements attributable to
Burford or to persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. The forward-looking statements speak
only as of the date of this press release and, except as required by
applicable law, Burford undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

 

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