Burford Capital Limited Update on Proposed NYSE Listing (3681A)
29 September 2020 - 4:00PM
UK Regulatory
TIDMBUR
RNS Number : 3681A
Burford Capital Limited
29 September 2020
29 September 2020
BURFORD ANNOUNCES UPDATE ON PROPOSED NYSE LISTING
Burford expands investor relations function
Burford Capital Limited ("Burford Capital" or "Burford" or "the
Company"), the leading global finance and asset management firm
focused on law, today announced that the US Securities and Exchange
Commission ("SEC") has completed its review of Burford's Form 20-F
registration statement .
As previously noted, some administrative and mechanical matters
will now need to occur prior to the commencement of trading of
Burford's ordinary shares on the New York Stock Exchange ("NYSE"),
in addition to continuing trading on London Stock Exchange AIM.
Burford will shortly communicate with shareholders about those
matters. Once they are complete, i t is anticipated that trading on
the NYSE will commence on Monday 19 October.
In anticipation of the US listing, Burford has expanded its
investor relations function.
-- R obert Bailhache, who has been with Burford full-time
since September 2019 and has been a close external adviser
since Burford's IPO in 2009, will become Head of Investor
Relations, EMEA and Asia, based in London
-- James Ballan has joined Burford as Head of Investor Relations,
Americas, based in New York. Mr. Ballan has a decade of
senior IR experience at specialty finance firms, most recently
as Director, Investor Relations at CIT Group (NYSE: CIT),
and has a further 20 years of Wall Street experience in
banking and as a senior sell-side research analyst
-- Brian Tracy, who has been with Burford since 2017, continues
to run Burford's private funds IR function as Head of Investor
Relations, Private Funds, based in Chicago
Christopher Bogart, CEO of Burford, commented :
"Today marks a significant step in Burford's evolution, as well
as proving our leadership in the further institutionalisation of
legal finance in global capital markets. We expect our US listing
to create a positive symbiosis for our business, serving to
increase the pool of investors able to invest in Burford's shares
while also more broadly raising our profile in the US capital
markets. In time, both these developments may lower Burford's cost
of capital. Furthermore, as the first legal finance firm to list
its shares on a US stock exchange and become subject to NYSE and
SEC regulation, we are choosing to submit ourselves, corporately
and individually, to the rigour of the world's most well-regarded
securities regulatory framework."
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.
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
EMEA and Asia - email 2023
Jim Ballan, Head of Investor Relations, Americas +1 (646) 793
- email 9176
Numis Securities Limited - NOMAD and Joint +44 (0)20 7260
Broker 1000
Huw Jeremy (NOMAD)
Charlie Farquhar / Jonathan Abbott (Joint Broker)
+44 (0)20 7029
Jefferies International Limited - Joint Broker 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 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.
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