Source - LSE Regulatory
RNS Number : 4972H
Burford Capital Limited
20 March 2024
 

March 20, 2024

 

 

 

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 program announced on March 18, 2024 to purchase its ordinary shares, no par value per share ("Ordinary Shares"), up to a maximum aggregate amount of £5.0 million (the "Program") in connection with future obligations under the Company's Deferred Compensation Plan, the Company purchased the following number of Ordinary Shares through Numis Securities Limited ("Numis").

 

Date of purchase:

March 19, 2024

Aggregate number of Ordinary Shares purchased:

44,056

Lowest price paid per Ordinary Share (GBp):

1118.00

Highest price paid per Ordinary Share (GBp):

1147.00

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

1133.9163

 

Ordinary Shares purchased pursuant to the Program 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 219,316,028, of which 395,003 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 218,921,025 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 Program.

 

Individual trades information:

 

Number of Ordinary Shares purchased

Transaction price (pence per Ordinary Share)

Time of transaction (GMT)

Trading venue

515

1125.00

08:57:13

AIMX

390

1123.00

09:36:40

AIMX

506

1119.00

09:38:32

AIMX

381

1119.00

09:43:56

AIMX

430

1119.00

10:38:34

AIMX

85

1118.00

10:38:34

AIMX

21

1119.00

11:20:16

AIMX

270

1119.00

11:20:16

AIMX

102

1119.00

11:20:16

AIMX

50

1118.00

11:43:53

AIMX

1

1118.00

11:56:56

AIMX

376

1119.00

12:01:51

AIMX

424

1119.00

12:01:51

AIMX

800

1118.00

12:01:52

AIMX

911

1118.00

12:01:52

AIMX

545

1118.00

12:01:52

AIMX

891

1121.00

12:02:01

AIMX

571

1121.00

12:02:01

AIMX

51

1123.00

12:07:38

AIMX

83

1124.00

12:09:21

AIMX

849

1124.00

12:09:21

AIMX

19

1124.00

12:09:21

AIMX

569

1123.00

12:14:17

AIMX

822

1125.00

12:33:26

AIMX

28

1130.00

12:35:32

AIMX

584

1130.00

12:35:32

AIMX

433

1130.00

12:35:32

AIMX

367

1129.00

12:41:32

AIMX

381

1130.00

12:42:45

AIMX

431

1130.00

12:54:48

AIMX

393

1129.00

12:56:31

AIMX

437

1128.00

13:27:14

AIMX

419

1127.00

13:27:14

AIMX

554

1125.00

13:27:29

AIMX

96

1131.00

13:33:17

AIMX

89

1131.00

13:33:19

AIMX

553

1131.00

13:33:19

AIMX

384

1131.00

13:33:19

AIMX

414

1132.00

13:35:34

AIMX

213

1131.00

13:35:34

AIMX

151

1131.00

13:35:34

AIMX

450

1129.00

13:35:40

AIMX

100

1130.00

13:38:27

AIMX

316

1130.00

13:38:27

AIMX

498

1130.00

13:38:28

AIMX

373

1129.00

13:39:29

AIMX

13

1131.00

13:42:23

AIMX

5

1131.00

13:42:23

AIMX

414

1131.00

13:42:23

AIMX

412

1131.00

13:43:25

AIMX

31

1131.00

13:43:25

AIMX

191

1140.00

13:45:07

AIMX

379

1140.00

13:45:42

AIMX

404

1139.00

13:45:42

AIMX

287

1144.00

13:48:05

AIMX

127

1144.00

13:48:05

AIMX

382

1144.00

13:49:33

AIMX

141

1144.00

13:49:33

AIMX

235

1144.00

13:49:33

AIMX

576

1141.00

13:49:33

AIMX

385

1141.00

13:53:53

AIMX

437

1141.00

13:53:53

AIMX

423

1139.00

13:53:53

AIMX

374

1142.00

13:59:50

AIMX

647

1142.00

13:59:50

AIMX

436

1142.00

13:59:50

AIMX

568

1138.00

13:59:50

AIMX

388

1136.00

13:59:50

AIMX

150

1134.00

13:59:54

AIMX

240

1134.00

14:00:01

AIMX

431

1132.00

14:00:37

AIMX

268

1129.00

14:03:15

AIMX

129

1129.00

14:03:15

AIMX

158

1130.00

14:07:41

AIMX

202

1130.00

14:07:41

AIMX

11

1130.00

14:08:02

AIMX

273

1130.00

14:08:02

AIMX

74

1130.00

14:08:02

AIMX

52

1130.00

14:08:02

AIMX

429

1129.00

14:12:53

AIMX

235

1136.00

14:28:59

AIMX

80

1136.00

14:28:59

AIMX

2413

1136.00

14:28:59

AIMX

350

1136.00

14:28:59

AIMX

45

1136.00

14:28:59

AIMX

350

1135.00

14:29:16

AIMX

31

1135.00

14:29:16

AIMX

74

1137.00

14:36:29

AIMX

108

1137.00

14:36:29

AIMX

71

1137.00

14:36:29

AIMX

225

1140.00

14:38:25

AIMX

77

1140.00

14:38:25

AIMX

117

1144.00

14:43:04

AIMX

299

1144.00

14:43:04

AIMX

422

1143.00

14:43:37

AIMX

508

1142.00

14:43:37

AIMX

84

1144.00

14:53:25

AIMX

253

1144.00

14:53:25

AIMX

100

1144.00

14:53:25

AIMX

347

1144.00

14:53:25

AIMX

27

1144.00

14:53:25

AIMX

38

1143.00

14:53:25

AIMX

145

1143.00

14:53:26

AIMX

344

1143.00

14:53:26

AIMX

200

1146.00

15:00:53

AIMX

36

1146.00

15:00:53

AIMX

197

1146.00

15:00:53

AIMX

422

1145.00

15:01:57

AIMX

364

1141.00

15:03:41

AIMX

114

1141.00

15:03:41

AIMX

377

1140.00

15:04:09

AIMX

384

1143.00

15:12:01

AIMX

364

1142.00

15:12:02

AIMX

134

1141.00

15:12:04

AIMX

100

1141.00

15:12:04

AIMX

180

1141.00

15:12:04

AIMX

5

1142.00

15:19:13

AIMX

2

1142.00

15:19:13

AIMX

83

1142.00

15:19:15

AIMX

295

1142.00

15:19:15

AIMX

202

1141.00

15:21:31

AIMX

361

1141.00

15:21:31

AIMX

183

1141.00

15:21:31

AIMX

50

1144.00

15:29:14

AIMX

189

1144.00

15:29:14

AIMX

126

1144.00

15:29:14

AIMX

428

1144.00

15:29:25

AIMX

51

1146.00

15:33:06

AIMX

344

1146.00

15:33:06

AIMX

395

1145.00

15:33:45

AIMX

401

1145.00

15:33:45

AIMX

373

1143.00

15:37:50

AIMX

409

1143.00

15:37:50

AIMX

370

1141.00

15:43:51

AIMX

438

1141.00

15:45:51

AIMX

352

1141.00

15:48:51

AIMX

367

1139.00

15:50:04

AIMX

352

1139.00

15:50:04

AIMX

116

1140.00

15:55:50

AIMX

295

1140.00

15:55:50

AIMX

15

1140.00

15:55:52

AIMX

10

1140.00

15:55:56

AIMX

5

1140.00

15:56:00

AIMX

5

1140.00

15:56:04

AIMX

7

1140.00

15:56:08

AIMX

1157

1147.00

16:03:33

AIMX

57

1145.00

16:03:44

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



Deutsche Numis - 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


James Umbers




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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