REG - Burford Capital Ltd - Result of AGM

Burford CapitalAnnouncement

21/05/2021 18:10

RNS Number : 5034Z
  
Burford Capital Limited
  
21 May 2021
  
 

 
 
21 May 2021
 
BURFORD CAPITAL APPOINTS HUGH STEVEN WILSON AS CHAIRMAN; REPORTS THAT ALL AGM ITEMS PASSED
 
Burford Capital Limited, the leading global finance and asset management firm focused on law, is pleased to announce that all resolutions proposed at its Annual General Meeting held on 18 May 2021 were approved by shareholders, including the approval of a final dividend of 12.5 US cents per ordinary share to be paid on 18 June 2021 to all ordinary shareholders on the register of members at the close of business on 28 May 2021, and the appointment of Hugh Steven Wilson as chairman, replacing Sir Peter Middleton on his retirement.
 
The votes received are detailed below:
 



Ordinary Resolutions


Total votes for


Total votes against


Total votes withheld




1.     To receive the accounts for the year ended 31 December 2020 and the directors' and auditors' reports thereon


128,795,168


100


167,024




2.     To declare a final dividend of 12.5¢ (United States cents) per ordinary share


128,961,792


500


0




3.     To re-appoint Hugh Steven Wilson as a director


121,813,682


7,112,033


36,577




4.     To re-appoint Charles Parkinson as a director


115,503,087


13,422,628


36,577




5.     To re-appoint Robert Gillespie as a director


128,364,828


560,897


36,567




6.     To re-appoint John Sievwright as a director


128,598,619


327,096


36,577




7.     To re-appoint Christopher Bogart as a director


128,561,428


365,759


35,105




8.     To re-appoint Andrea Muller as a director


128,604,529


321,286


36,477




9.     To re-appoint Ernst & Young LLP as the Company's auditors 


121,155,246


7,763,219


43,827




10.   To authorize the directors to agree the auditors' remuneration


121,299,113


7,619,316


43,863




11.   To authorize the directors to allot shares up to a specific amount


124,143,947


4,758,458


59,887




12.   To authorize the Company to purchase its own shares up to a specified amount


128,900,417


12,649


49,226




13.   To approve the rules of the Burford Capital Limited 2021 Non-Employee Directors' Share Plan


128,637,132


285,143


40,017




Special Resolutions
















14.   To authorize the directors to allot shares for cash without making a pre-emptive offer to shareholders (subject to the limitation set out in the resolution) 


127,379,951


1,535,552


46,789




15.   To authorize the directors to allot shares for cash without making a pre-emptive offer to shareholders (subject to the limitation set out in the resolution) for an acquisition or specified capital investment


125,787,615


3,128,434


46,243



 
 
 
For further information, please contact:
 



Burford Capital Limited








Robert Bailhache, Head of Investor Relations, EMEA and Asia - email


+44 (0)20 3530 2023




Jim Ballan, Head of Investor Relations, Americas - email


+1 (646) 793 9176














Numis Securities Limited - NOMAD and Joint Broker


+44 (0)20 7260 1000




Kevin Cruickshank (NOMAD)








Charlie Farquhar / Jonathan Abbott (Joint Broker)


















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 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, Singapore and Sydney.
 
For more information, please visit 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 ("BCIM"), which acts as the fund manager of all Burford funds, is registered as an investment adviser with the U.S. 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 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 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 and that our actual results of operations, including our financial condition 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 24, 2021. In addition, even if our results of operations, including our financial condition 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 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, a change in our views or expectations or otherwise.
 

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