Burford Capital PLC 5% Sterling Bonds Due 2026 - Sizing Announcement (6667F)

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RNS Number : 6667F

Burford Capital PLC

19 May 2017

The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document. The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, the Bailiwick of Guernsey and the Isle of Man in accordance with the applicable regulatory requirements.

SEE "IMPORTANT INFORMATION" BELOW

19 May 2017

BURFORD CAPITAL PLC

5% STERLING BONDS DUE 2026

Sizing Announcement

Terms used herein shall have the meaning given to them in the Prospectus dated 11 May 2017 (the "Prospectus") relating to the Bonds.

This announcement constitutes the Sizing Announcement as referred to in the Prospectus and must be read in conjunction with the Prospectus.

The Offer Period relating to the Bonds closed at 11.30am (London time) on 18 May 2017. Accordingly, Bonds can no longer be subscribed for pursuant to the offer and acceptances can no longer be withdrawn.

In accordance with Article 8(1) of the Prospectus Regulation, the Issuer is pleased to confirm the following in connection with the offer of the Bonds:

 
 Issue Date:                   1 June 2017 
 Total principal amount    GBP 175,000,000 
  of Bonds: 
 Estimated net proceeds    GBP 172,812,500 
  of the offer: 
 Estimated expenses          GBP 2,187,500 
  relating to the offer: 
 

Authorised Offerors

AJ Bell Securities Limited

Equiniti Financial Services Limited

Hargreaves Lansdown

Interactive Investor Trading Limited

Redmayne-Bentley LLP

Smith & Williamson

For further information, please contact:

 
   Peel Hunt LLP (Lead Manager on           +44 (0) 20 
    the Bond)                                7418 8900 
   Adrian Bell 
   Mark Glowrey 
   Henrietta Podd 
 
   Neustria Partners - Financial            [phone] 
    Communications for Burford Capital       2580 
   Robert Bailhache [email] 
   Charles Gorman [email] 
   Nick Henderson [email] 
 

About Burford Capital PLC

Burford Capital PLC is a special purpose financing vehicle created to issue Burford's 2014 and 2016 retail bonds and an indirect wholly-owned subsidiary of Burford Capital Limited.

About Burford Capital

Burford Capital is a leading global finance 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's equity and debt securities are 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 and Chicago.

For more information about Burford, visit www.burfordcapital.com

Notes to Editors:

ABOUT THE BONDS

1. The Bonds may not be suitable for all investors. Investors should ensure that they fully understand the risks and seek independent advice.

2. Investors should note that the market price of the Bonds can rise and fall during the life of the investment and that the price of Bonds could fall below the issue price of GBP100.

3. In the event that either Burford or any of its direct or indirect subsidiaries defaults, becomes insolvent or goes out of business, investors may lose some or all of their investment.

4. Burford Capital PLC has previously raised GBP90m and GBP100m through issues of bonds listed on the London Stock Exchange's Order Book for Retail Bonds in 2014 and 2016 respectively ("Existing Bonds").

   5.   The Bonds will rank pari passu with the Existing Bonds. 

IMPORTANT INFORMATION

This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended (the "Directive"), and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). A prospectus dated 11 May 2017 (the "Prospectus") has been prepared and made available to the public as required by Part VI of the FSMA. Investors should not subscribe for any Bonds referred to in this announcement except on the basis of information in the Prospectus. Full information on Burford Capital plc and the offer of the Bonds is only available on the basis of the combination of the Prospectus and this announcement, which have been published by Burford Capital plc on the Regulatory News Service operated by the London Stock Exchange. Investors may obtain copies of the Prospectus on the website of the Regulatory News Service.

The restriction on financial promotions contained in section 21(1) of the Financial Services and Markets Act 2000 does not apply to this announcement by virtue of article 70(1A) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.

The offering and the distribution of this announcement and other information in connection with any offer in certain jurisdictions may be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase. Any purchase of Bonds pursuant to any offer should only be made on the basis of the information contained in the Prospectus, available as described above.

The Bonds have not been and will not be registered under the US Securities Act of 1933, as amended, (the "Securities Act") and, subject to certain exceptions, may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons. The Bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act, and are subject to certain U.S. tax law requirements. There will be no public offering in the United States.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 19, 2017 04:58 ET (08:58 GMT)