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BUR Burford Capital Limited

1,202.00
-8.00 (-0.66%)
Last Updated: 09:32:54
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Burford Capital Limited LSE:BUR London Ordinary Share GG00BMGYLN96 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.00 -0.66% 1,202.00 1,201.00 1,207.00 1,250.00 1,200.00 1,250.00 38,895 09:32:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 1.39B 610.52M 2.7883 4.31 2.63B

Burford Capital Limited Update on Share Purchases by EBT (9713K)

28/12/2022 12:00pm

UK Regulatory


Burford Capital (LSE:BUR)
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From Apr 2022 to Apr 2024

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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.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDBKOBKQBDDBBB

(END) Dow Jones Newswires

December 28, 2022 07:00 ET (12:00 GMT)

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