Source - LSE Regulatory
RNS Number : 8660H
Burford Capital Limited
22 March 2024
 

March 22, 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 21, 2024

Aggregate number of Ordinary Shares purchased:

49,000

Lowest price paid per Ordinary Share (GBp):

1157.00

Highest price paid per Ordinary Share (GBp):

1181.00

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

1167.8411

 

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 490,464 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 218,825,564 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

318

1173.00

08:59:43

AIMX

117

1173.00

08:59:43

AIMX

444

1171.00

09:00:33

AIMX

175

1171.00

09:00:33

AIMX

249

1171.00

09:00:33

AIMX

421

1172.00

09:23:33

AIMX

427

1169.00

09:30:00

AIMX

7

1169.00

09:30:00

AIMX

390

1169.00

09:30:00

AIMX

45

1169.00

10:18:59

AIMX

100

1169.00

10:18:59

AIMX

555

1169.00

10:18:59

AIMX

237

1169.00

10:18:59

AIMX

47

1168.00

10:18:59

AIMX

283

1169.00

10:23:08

AIMX

615

1170.00

10:48:25

AIMX

300

1170.00

10:48:25

AIMX

100

1170.00

10:48:25

AIMX

100

1170.00

10:48:25

AIMX

8

1170.00

10:48:25

AIMX

397

1170.00

10:55:25

AIMX

353

1171.00

11:27:32

AIMX

391

1171.00

11:27:32

AIMX

137

1171.00

11:27:32

AIMX

163

1171.00

11:27:32

AIMX

200

1171.00

11:27:32

AIMX

69

1171.00

11:27:32

AIMX

100

1170.00

11:41:09

AIMX

294

1170.00

11:50:29

AIMX

410

1172.00

12:00:39

AIMX

315

1171.00

12:01:39

AIMX

136

1171.00

12:01:39

AIMX

401

1173.00

12:08:59

AIMX

447

1173.00

12:19:59

AIMX

379

1173.00

12:23:31

AIMX

124

1173.00

12:23:31

AIMX

446

1173.00

12:39:51

AIMX

426

1173.00

12:39:51

AIMX

419

1179.00

12:49:02

AIMX

91

1177.00

12:49:12

AIMX

313

1177.00

12:49:12

AIMX

136

1170.00

13:13:43

AIMX

13

1177.00

13:30:19

AIMX

525

1177.00

13:30:23

AIMX

437

1177.00

13:30:53

AIMX

180

1177.00

13:30:53

AIMX

180

1178.00

13:32:05

AIMX

200

1178.00

13:32:05

AIMX

276

1178.00

13:32:05

AIMX

462

1177.00

13:32:10

AIMX

134

1175.00

13:33:18

AIMX

338

1175.00

13:33:18

AIMX

274

1175.00

13:33:18

AIMX

586

1174.00

13:35:07

AIMX

500

1171.00

13:35:08

AIMX

154

1171.00

13:35:08

AIMX

180

1174.00

13:38:14

AIMX

180

1178.00

13:42:19

AIMX

110

1178.00

13:42:19

AIMX

473

1178.00

13:42:33

AIMX

200

1179.00

13:43:53

AIMX

270

1179.00

13:43:57

AIMX

431

1179.00

13:44:57

AIMX

165

1178.00

13:45:31

AIMX

455

1178.00

13:45:31

AIMX

237

1178.00

13:45:31

AIMX

449

1177.00

13:47:12

AIMX

13

1176.00

13:47:12

AIMX

37

1176.00

13:47:12

AIMX

180

1177.00

13:47:12

AIMX

13

1177.00

13:47:12

AIMX

155

1177.00

13:47:12

AIMX

414

1181.00

13:52:48

AIMX

200

1177.00

13:55:05

AIMX

100

1177.00

13:55:05

AIMX

170

1177.00

13:55:05

AIMX

223

1174.00

13:55:05

AIMX

204

1174.00

13:55:05

AIMX

27

1169.00

13:56:03

AIMX

397

1169.00

13:56:03

AIMX

449

1167.00

14:01:42

AIMX

473

1165.00

14:01:47

AIMX

460

1165.00

14:04:18

AIMX

181

1164.00

14:08:40

AIMX

221

1164.00

14:08:40

AIMX

472

1169.00

14:16:08

AIMX

114

1167.00

14:18:05

AIMX

360

1167.00

14:18:05

AIMX

401

1167.00

14:18:05

AIMX

69

1167.00

14:18:05

AIMX

200

1167.00

14:18:05

AIMX

200

1167.00

14:18:05

AIMX

132

1167.00

14:18:05

AIMX

188

1167.00

14:24:45

AIMX

200

1167.00

14:24:45

AIMX

455

1168.00

14:24:45

AIMX

4

1167.00

14:24:45

AIMX

4

1167.00

14:24:52

AIMX

127

1167.00

14:24:52

AIMX

180

1167.00

14:24:52

AIMX

200

1167.00

14:24:52

AIMX

1

1167.00

14:24:52

AIMX

5

1167.00

14:30:40

AIMX

184

1167.00

14:30:40

AIMX

146

1167.00

14:30:40

AIMX

139

1167.00

14:30:40

AIMX

340

1167.00

14:30:40

AIMX

180

1167.00

14:30:40

AIMX

57

1167.00

14:30:40

AIMX

180

1167.00

14:30:40

AIMX

200

1167.00

14:30:40

AIMX

64

1167.00

14:30:40

AIMX

340

1166.00

14:33:07

AIMX

149

1163.00

14:39:42

AIMX

272

1163.00

14:39:42

AIMX

9

1162.00

14:44:12

AIMX

200

1162.00

14:44:12

AIMX

243

1162.00

14:44:12

AIMX

100

1162.00

14:45:12

AIMX

324

1162.00

14:45:12

AIMX

9

1163.00

14:48:03

AIMX

100

1163.00

14:49:14

AIMX

100

1163.00

14:49:14

AIMX

183

1163.00

14:49:14

AIMX

350

1163.00

14:49:14

AIMX

47

1163.00

14:49:14

AIMX

13

1163.00

14:49:14

AIMX

160

1162.00

14:49:14

AIMX

436

1162.00

14:49:14

AIMX

180

1162.00

14:49:14

AIMX

250

1162.00

14:49:14

AIMX

13

1163.00

14:49:14

AIMX

94

1163.00

14:58:16

AIMX

112

1163.00

14:58:16

AIMX

294

1163.00

14:58:16

AIMX

296

1163.00

14:58:16

AIMX

6

1162.00

14:59:16

AIMX

569

1162.00

14:59:16

AIMX

478

1162.00

15:03:50

AIMX

207

1159.00

15:05:22

AIMX

100

1163.00

15:10:11

AIMX

39

1163.00

15:10:11

AIMX

291

1163.00

15:10:11

AIMX

348

1163.00

15:10:11

AIMX

180

1164.00

15:14:05

AIMX

180

1164.00

15:14:05

AIMX

50

1164.00

15:14:05

AIMX

180

1164.00

15:14:05

AIMX

217

1164.00

15:14:05

AIMX

60

1163.00

15:15:12

AIMX

120

1163.00

15:15:12

AIMX

13

1163.00

15:15:12

AIMX

60

1163.00

15:15:12

AIMX

120

1163.00

15:15:12

AIMX

302

1162.00

15:15:12

AIMX

118

1162.00

15:15:12

AIMX

200

1160.00

15:19:46

AIMX

216

1160.00

15:19:46

AIMX

474

1160.00

15:19:46

AIMX

191

1158.00

15:20:26

AIMX

195

1158.00

15:20:26

AIMX

180

1158.00

15:22:54

AIMX

180

1158.00

15:22:54

AIMX

180

1158.00

15:22:54

AIMX

392

1157.00

15:26:08

AIMX

262

1158.00

15:30:31

AIMX

198

1158.00

15:30:31

AIMX

23

1161.00

15:35:15

AIMX

59

1161.00

15:35:15

AIMX

39

1161.00

15:35:15

AIMX

214

1161.00

15:35:15

AIMX

34

1161.00

15:35:15

AIMX

214

1161.00

15:35:19

AIMX

169

1160.00

15:37:17

AIMX

265

1160.00

15:37:17

AIMX

398

1160.00

15:37:17

AIMX

20

1161.00

15:42:22

AIMX

181

1161.00

15:42:55

AIMX

275

1161.00

15:42:55

AIMX

436

1161.00

15:43:23

AIMX

23

1161.00

15:43:23

AIMX

151

1159.00

15:45:12

AIMX

2

1159.00

15:45:12

AIMX

2

1159.00

15:46:02

AIMX

412

1159.00

15:46:02

AIMX

425

1159.00

15:46:02

AIMX

1288

1161.00

15:59:54

AIMX

81

1161.00

15:59:54

AIMX

80

1161.00

15:59:54

AIMX

314

1161.00

15:59:54

AIMX

216

1162.00

15:59:55

AIMX

13

1162.00

15:59:55

AIMX

26

1162.00

16:00:33

AIMX

424

1161.00

16:00:55

AIMX

16

1162.00

16:02:53

AIMX

34

1162.00

16:02:55

AIMX

315

1163.00

16:03:32

AIMX

75

1163.00

16:03:32

AIMX

41

1163.00

16:03:32

AIMX

177

1164.00

16:07:47

AIMX

249

1164.00

16:07:47

AIMX

444

1164.00

16:07:47

AIMX

116

1164.00

16:09:31

AIMX

100

1164.00

16:09:31

AIMX

33

1164.00

16:09:31

AIMX

100

1164.00

16:09:31

AIMX

51

1164.00

16:09:31

AIMX

463

1164.00

16:09:31

AIMX

436

1163.00

16:09:31

AIMX

231

1168.00

16:14:51

AIMX

100

1168.00

16:14:51

AIMX

1

1168.00

16:14:51

AIMX

424

1169.00

16:15:28

AIMX

421

1170.00

16:17:08

AIMX

479

1170.00

16:17:53

AIMX

433

1169.00

16:18:53

AIMX

61

1170.00

16:21:33

AIMX

403

1170.00

16:21:33

AIMX

220

1171.00

16:22:45

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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