TIDMBUR
RNS Number : 7387U
Burford Capital Limited
07 April 2021
7 April 2021
COMPLETED PURCHASE OF SHARES BY EMPLOYEE BENEFIT TRUST
Burford Capital Limited, the leading global finance and asset
management firm focused on law, today announces that it was
notified by the Trustee of the Burford Capital Employee Benefit
Trust ("EBT") that it has completed the purchase in the market of
116,729 of Burford's Ordinary Shares in accordance with the
Company's irrevocable instruction . Details of the completed
purchases are as follows:
Date Stock Exchange Number of Ordinary Shares Average Net Price Paid
Acquired per Share
------- ---------------- -------------------------- -----------------------
March
30 LSE 11,098 615.447p
March
30 NYSE 600 $8.43000
March
31 LSE 4,902 621.366p
March
31 NYSE 2,000 $8.82571
April
1 NYSE 40,733 $9.79294
April
5 NYSE 32,500 $10.1186
April
6 NYSE 24,896 $10.1971
------- ---------------- -------------------------- -----------------------
The weighted average price of the purchases at the London Stock
Exchange was 617.260p per share, while the weighted average price
of the purchases at the New York Stock Exchange was $9.97058 per
share.
As previously announced, the purchased shares will be held by
the Trustee in the Company's EBT and used to satisfy vested awards
made under Burford's Long Term Incentive Plan. The EBT is a
discretionary trust for the benefit of the employees of the Company
and its subsidiaries.
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
Kevin Cruickshank (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 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 principal offices in New York, London,
Chicago, Washington, Singapore and Sydney.
For more information, please visit www.burfordcapital.com .
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.
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.
Forward-looking statements
This announcement contains "forward-looking statements" within
the meaning of Section 21E of the US Securities Exchange Act of
1934 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, we and our
representatives may from time to time make other oral or written
statements which are forward-looking statements, including in our
periodic reports that we file with the US Securities and Exchange
Commission, other information sent to our 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. We caution you that
forward-looking statements are not guarantees of future performance
and are based on numerous assumptions and that our actual results
of operations, including our financial condition and liquidity and
the development of the industry in which we operate, may differ
materially from (and be more negative than) those made in, or
suggested by, the forward-looking statements contained in this
report. Significant factors that may cause actual results to differ
from those we expect include those discussed under "Risk Factors"
in our Annual Report on Form 20-F filed with the US Securities and
Exchange Commission on March 24, 2021. In addition, even if our
results of operations, including our financial condition and
liquidity and the development of the industry in which we operate,
are consistent with the forward-looking statements contained in
this report, those results or developments may not be indicative of
results or developments in subsequent periods.
Except as required by law, we undertake no obligation to update
or revise the forward-looking statements contained in this report,
whether as a result of new information, future events, a change in
our views or expectations or otherwise.
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