TIDMBUR
RNS Number : 9713K
Burford Capital Limited
28 December 2022
28 December 2022
UPDATE ON PURCHASES OF ORDINARY SHARES BY BURFORD CAPITAL
EMPLOYEE BENEFIT TRUST
Burford Capital Limited ("Burford"), 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 (the "EBT") that it has purchased in the open market 157,121
of Burford's ordinary shares of nil par value ("Shares") in
accordance with Burford's irrevocable instructions.
As previously announced, the purchased Shares will be held by
the trustee of the EBT and used to satisfy vested awards made under
Burford Capital's 2016 Long Term Incentive Plan. The EBT is a
discretionary trust for the benefit of the employees of Burford and
its subsidiaries.
Details of the purchases of the Shares are set forth below:
Stock Number of Shares Average Price Paid
Date Exchange Acquired Per Share
------------------- ----------- ----------------- -------------------
December 16, 2022 LSE 24,500 670.6518p
December 19, 2022 LSE 27,000 665.7534p
December 20, 2022 LSE 27,500 655.7661p
December 21, 2022 LSE 31,500 671.6827p
December 22, 2022 LSE 33,500 661.0142p
December 23, 2022 LSE 13,121 666.0122p
The weighted average price of the purchases of the Shares on the
London Stock Exchange was 664.9691 p per Share.
The EBT is expected to continue purchasing Shares in the open
market up to 400,000 Shares for an expected market value of
approximately GBP2,804,000 (based on the closing sale price on
London Stock Exchange's AIM on December 7, 2022) up until December
31, 2022.
Further announcements with details of future purchases,
including an announcement upon completion of these purchases, will
follow to the extent required under the applicable laws and
regulations.
For further information, please contact:
Burford Capital Limited
For investor and analyst inquiries:
Robert Bailhache, Head of Investor Relations, +44 (0)20 3530
EMEA and Asia - email 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
Numis Securities Limited - NOMAD and Joint +44 (0)20 7260
Broker 1000
Giles Rolls
Charlie Farquhar
+44 (0)20 7029
Jefferies International Limited - Joint Broker 8000
Graham Davidson
Tony White
+44 (0)20 3207
Berenberg - Joint Broker 7800
Toby Flaux
Arnav Kapoor
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, DC, Singapore, Sydney and Hong Kong.
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, which acts as the fund
manager of all Burford funds, is registered as an investment
adviser with the US 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, 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, 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, or furnish to, the US
Securities and Exchange Commission (the "SEC"), 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 ,
expectations, projections, intentions and beliefs and that our
actual results of operations, including our financial position 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 announcement. 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 SEC on March 29, 2022, our interim report on Form 6-K furnished
to the SEC on August 9, 2022, and other reports or documents that
we file with, or furnish to, the US Securities and Exchange
Commission from time to time . In addition, even if our results of
operations, including our financial position and liquidity, and the
development of the industry in which we operate 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, we undertake 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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