Burford Capital Limited Filing With SEC For US Stock Exchange Listing (1864S)
07 July 2020 - 4:00PM
UK Regulatory
TIDMBUR
RNS Number : 1864S
Burford Capital Limited
07 July 2020
7 July 2020
BURFORD CAPITAL FILES FOR US STOCK EXCHANGE LISTING
WITH US SECURITIES AND EXCHANGE COMMISSION
Burford Capital Limited ("Burford Capital" or "Burford" or "the
Company"), the leading global finance and asset management firm
focused on law, today announced that it has filed a registration
statement on Form 20-F with the US Securities and Exchange
Commission ("SEC") in order to list its ordinary shares for trading
on a US stock exchange in addition to their current UK listing on
London Stock Exchange AIM. As stated previously, Burford does not
intend to issue new shares in conjunction with the proposed US
listing.
Burford's filing is confidential and commences a SEC review
process of indeterminate length but is commonly a multi-month
undertaking.
Burford will now need to enter into a period where it is
entirely unable to comment on the status or progress of the SEC
review or US listing. Absent a development requiring a public
announcement, Burford does not expect to update the market on
business progress during the summer. Moreover, in light of the SEC
review process, the Company confirms its prior indicative
disclosure on 28 April 2020 that it does not expect to release its
interim financial results for the six months ended 30 June 2020
until September on a date that will also not be announced until
shortly before the release.
Burford has been represented in the US listing process by
Cravath, Swaine & Moore LLP, with advice on English law from
Freshfields Bruckhaus Deringer LLP and advice on Guernsey law from
Ogier (Guernsey) LLP.
For further information, please contact:
Burford Capital Limited
Jim Kilman, Chief Financial Officer +1 917 985 9840
Robert Bailhache, Head of Investor Relations +44 (0)20 3530
- email 2023
Macquarie Capital (Europe) Limited - NOMAD +44 (0)20 3037
and Joint Broker 2000
Jonny Allison
Alex Reynolds
+44 (0)20 7029
Jefferies International Limited - Joint Broker 8000
Graham Davidson
Tony White
+44 (0)20 7260
Numis Securities Limited - Joint Broker 1000
Charlie Farquhar
Jonathan Abbott
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 London Stock Exchange, and it works with law firms and
clients around the world from its principal offices in New York,
London, Chicago, Washington, Singapore and Sydney.
For more information about Burford: www.burfordcapital.com
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.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any ordinary shares or other
securities of the Company.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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