Source - LSE Regulatory
RNS Number : 7524N
Burford Capital Limited
27 September 2023
 

27 September 2023

 

 

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 programme announced on September 19, 2023 to purchase its ordinary shares, no par value per share ("Ordinary Shares") up to a maximum aggregate amount of £4.0 million (the "Programme") in connection with forthcoming vesting of restricted stock units under the Burford Capital 2016 Long Term Incentive Plan (the "LTIP"), the Company purchased the following number of Ordinary Shares through Numis Securities Limited ("Numis").

 

Date of purchase:

September 26, 2023

Aggregate number of Ordinary Shares purchased:

34,373

Lowest price paid per Ordinary Share (GBp):

1147.00

Highest price paid per Ordinary Share (GBp):

1168.00

Volume weighted average price paid per Ordinary Share (GBp):

1161.2075

 

After giving effect to the purchase of these Ordinary Shares on September 26, 2023, the Company has purchased a total of 261,000 Ordinary Shares for an aggregate gross consideration of £3,070,957.57, at an average price of GBp 1176.6121 per Ordinary Share, resulting in its completion of the Programme to satisfy the Company's requirements in connection with the forthcoming vesting of restricted stock units under the LTIP.

 

Ordinary Shares purchased pursuant to the Programme 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 219,049,877, of which 350,947 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 218,698,930 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 Programme.

 

Individual trades information:

 

Number of Ordinary Shares purchased

Transaction price (pence per Ordinary Share)

Time of transaction

Trading venue

266

1159.00

08:43:59

AIMX

259

1163.00

08:43:59

AIMX

152

1163.00

08:43:59

AIMX

363

1163.00

08:44:02

AIMX

436

1162.00

08:45:55

AIMX

378

1162.00

08:46:55

AIMX

435

1160.00

08:48:30

AIMX

79

1158.00

08:48:30

AIMX

713

1159.00

08:48:30

AIMX

385

1159.00

08:50:00

AIMX

725

1159.00

08:50:00

AIMX

455

1162.00

09:03:41

AIMX

291

1161.00

09:03:41

AIMX

138

1161.00

09:03:41

AIMX

84

1161.00

09:03:41

AIMX

414

1159.00

09:11:45

AIMX

43

1153.00

09:49:56

AIMX

68

1153.00

09:49:56

AIMX

250

1153.00

09:49:56

AIMX

32

1153.00

09:49:56

AIMX

407

1152.00

09:49:56

AIMX

95

1147.00

10:28:04

AIMX

106

1147.00

10:28:04

AIMX

155

1147.00

10:28:04

AIMX

492

1158.00

10:37:18

AIMX

217

1158.00

10:37:40

AIMX

49

1158.00

10:38:10

AIMX

166

1158.00

10:39:13

AIMX

199

1158.00

10:39:13

AIMX

132

1158.00

10:41:13

AIMX

388

1156.00

10:43:20

AIMX

125

1155.00

11:14:50

AIMX

237

1155.00

11:14:50

AIMX

423

1156.00

11:37:01

AIMX

81

1156.00

11:51:41

AIMX

156

1156.00

11:53:49

AIMX

431

1158.00

11:58:05

AIMX

420

1157.00

12:02:07

AIMX

63

1157.00

12:26:55

AIMX

354

1157.00

12:26:55

AIMX

17

1156.00

12:26:55

AIMX

22

1156.00

12:26:58

AIMX

108

1156.00

12:26:58

AIMX

259

1156.00

12:26:58

AIMX

71

1157.00

12:44:56

AIMX

394

1158.00

12:45:23

AIMX

413

1158.00

12:51:48

AIMX

405

1159.00

13:13:45

AIMX

95

1160.00

13:29:41

AIMX

259

1162.00

13:29:41

AIMX

115

1162.00

13:29:48

AIMX

8

1162.00

13:29:48

AIMX

373

1162.00

13:32:30

AIMX

33

1163.00

13:52:53

AIMX

6

1163.00

13:52:53

AIMX

503

1163.00

13:52:53

AIMX

402

1163.00

13:52:53

AIMX

500

1164.00

13:59:41

AIMX

411

1164.00

14:07:25

AIMX

300

1164.00

14:07:25

AIMX

133

1164.00

14:07:26

AIMX

347

1161.00

14:19:35

AIMX

44

1161.00

14:19:35

AIMX

400

1161.00

14:21:51

AIMX

471

1160.00

14:21:52

AIMX

953

1160.00

14:28:11

AIMX

943

1160.00

14:32:29

AIMX

360

1163.00

14:34:51

AIMX

375

1163.00

14:35:30

AIMX

643

1168.00

14:42:10

AIMX

430

1168.00

14:42:10

AIMX

356

1168.00

14:42:41

AIMX

565

1166.00

14:43:09

AIMX

68

1164.00

14:45:02

AIMX

289

1164.00

14:47:30

AIMX

321

1164.00

14:47:30

AIMX

48

1164.00

14:47:30

AIMX

32

1167.00

14:50:29

AIMX

469

1167.00

14:50:29

AIMX

29

1167.00

14:50:30

AIMX

125

1167.00

14:50:31

AIMX

125

1167.00

14:50:31

AIMX

90

1167.00

14:50:31

AIMX

437

1166.00

14:51:17

AIMX

30

1166.00

14:57:17

AIMX

131

1166.00

14:57:17

AIMX

74

1166.00

14:57:17

AIMX

140

1166.00

14:57:17

AIMX

60

1166.00

14:59:17

AIMX

97

1166.00

14:59:17

AIMX

85

1166.00

14:59:17

AIMX

144

1166.00

14:59:17

AIMX

16

1166.00

14:59:17

AIMX

47

1164.00

15:00:01

AIMX

357

1164.00

15:00:01

AIMX

275

1164.00

15:00:01

AIMX

149

1164.00

15:00:01

AIMX

24

1163.00

15:03:24

AIMX

60

1164.00

15:03:24

AIMX

42

1164.00

15:03:24

AIMX

229

1163.00

15:03:24

AIMX

160

1163.00

15:04:24

AIMX

56

1163.00

15:04:24

AIMX

94

1163.00

15:04:24

AIMX

84

1163.00

15:04:24

AIMX

377

1164.00

15:09:51

AIMX

141

1163.00

15:09:51

AIMX

125

1163.00

15:09:51

AIMX

75

1163.00

15:09:51

AIMX

121

1161.00

15:12:51

AIMX

42

1161.00

15:12:51

AIMX

231

1161.00

15:12:51

AIMX

158

1160.00

15:14:08

AIMX

214

1160.00

15:14:08

AIMX

55

1159.00

15:17:13

AIMX

62

1159.00

15:17:13

AIMX

255

1159.00

15:17:13

AIMX

200

1159.00

15:18:13

AIMX

150

1159.00

15:18:13

AIMX

44

1159.00

15:18:13

AIMX

112

1160.00

15:19:44

AIMX

438

1160.00

15:23:46

AIMX

26

1159.00

15:23:46

AIMX

343

1159.00

15:23:46

AIMX

29

1159.00

15:23:46

AIMX

42

1160.00

15:23:46

AIMX

56

1160.00

15:23:46

AIMX

83

1162.00

15:26:01

AIMX

101

1162.00

15:26:01

AIMX

83

1162.00

15:26:01

AIMX

102

1163.00

15:28:01

AIMX

150

1163.00

15:28:01

AIMX

12

1165.00

15:32:44

AIMX

71

1165.00

15:32:44

AIMX

417

1165.00

15:32:44

AIMX

100

1164.00

15:32:44

AIMX

100

1164.00

15:32:44

AIMX

50

1164.00

15:32:44

AIMX

100

1164.00

15:32:44

AIMX

20

1164.00

15:32:44

AIMX

125

1164.00

15:34:46

AIMX

234

1164.00

15:34:46

AIMX

100

1162.00

15:35:30

AIMX

150

1162.00

15:35:30

AIMX

137

1162.00

15:35:30

AIMX

43

1162.00

15:39:33

AIMX

53

1162.00

15:39:33

AIMX

375

1162.00

15:39:33

AIMX

18

1162.00

15:39:33

AIMX

100

1162.00

15:39:33

AIMX

101

1162.00

15:39:33

AIMX

364

1162.00

15:41:51

AIMX

373

1162.00

15:44:11

AIMX

77

1162.00

15:46:51

AIMX

340

1162.00

15:46:51

AIMX

375

1162.00

15:49:51

AIMX

108

1162.00

15:52:11

AIMX

300

1162.00

15:52:11

AIMX

28

1164.00

15:54:11

AIMX

78

1164.00

15:54:11

AIMX

140

1164.00

15:54:11

AIMX

54

1164.00

15:54:11

AIMX

177

1160.00

15:54:16

AIMX

75

1160.00

15:54:16

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

Jim Ballan, Head of Investor Relations, Americas - email

+1 (646) 793 9176

For press inquiries:


David Helfenbein, Vice President, Public Relations - email

+1 (212) 235 6824



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


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 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.

 

 

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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