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Pin to quick picksBurford Capital Share News (BUR)

Share Price Information for Burford Capital (BUR)

London Stock Exchange
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Share Price: 1,134.00
Bid: 1,131.00
Ask: 1,134.00
Change: 14.00 (1.25%)
Spread: 3.00 (0.265%)
Open: 1,119.00
High: 1,144.00
Low: 1,119.00
Prev. Close: 1,120.00
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Burford Capital Senior Executives To Sell Part Stake (ALLISS)

Tue, 20th Mar 2018 17:29

LONDON (Alliance News) - Burford Capital Ltd on Tuesday said that Chief Executive Officer Christopher Bogart and Chief Investment Officer Jonathan Molot intend to sell up to 4.4 and 4.3 million shares in the company, respectively, to "create some liquidity".

The sale of the shares sum up to one third of their holdings, in aggregate representing approximately 4.2% of the company's issued share capital. The placing shares are offered via an accelerated bookbuild process. Numis Securities Ltd and Berenberg, Gossler & Co KG, London branch, are acting as joint bookrunners.

"Jon and I have not sold a single share of stock in the more than eight years we have been running Burford, and it is with some reluctance that we are selling some now given our enthusiasm for the future of the business. However, given that we preach the benefit of a diversified portfolio strategy for Burford, it seemed imprudent for us not to create some liquidity after all this time, although we are continuing to hold a considerable majority of our stock even after this sale," Bogart said.

Shares in Burford closed at 1,518.77 pence on Tuesday.

More News
13 Jun 2023 12:37

Burford Capital first-quarter earnings soar, cites positive momentum

(Alliance News) - Burford Capital Ltd on Tuesday said profit and revenue both multiplied in the first quarter of 2023, highlighting continued positive momentum within its portfolio.

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9 Jun 2023 15:51

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2 Jun 2023 12:20

Burford Capital confirms sterling rate for second interim dividend

(Sharecast News) - Finance and asset management firm Burford Capital announced the sterling conversion rate for its previously-declared second interim dividend on Friday.

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1 Jun 2023 14:04

Broker tips: Burford Capital, B&M

(Sharecast News) - Jefferies hiked its price target on Burford Capital on Thursday to 1,820p from 1,370p as it said the portfolio was "entering harvest season".

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1 Jun 2023 11:20

Jefferies hikes Burford Capital price target

(Sharecast News) - Jefferies hiked its price target on Burford Capital on Thursday to 1,820p from 1,370p as it said the portfolio was "entering harvest season".

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16 May 2023 16:54

Burford Capital sees annual income and revenue jump in 2022

(Alliance News) - Burford Capital Ltd on Tuesday said it had seen a "meaningful" improvement in its financial results in 2022 as its revenue and income jumped.

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3 Apr 2023 11:03

Burford Capital shares up as court rules against Argentina in YPF case

(Alliance News) - Burford Capital Ltd on Monday said a United States District Court for the Southern District of New York found Argentina liable for failing to make a tender offer for their shares in majority state-owned Argentinian energy company YPF SA.

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3 Apr 2023 08:12

Burford Capital shares surge on ruling in YPF case

(Sharecast News) - Asset management firm Burford Capital was upbeat on the finding of liability against Argentina in the YPF litigation on Monday, with "substantial damages" expected to be awarded.

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Burford hails portfolio capital upturn in 2022; payout flat

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Burford Capital shares fall as FY accounts delayed

(Sharecast News) - Shares in specialist finance company Burford Capital fell on Thursday after it delayed the publication of its full-year accounts due to ongoing discussions with the Securities and Exchange Commission.

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Litigation funder Burford sues Sysco over $140 mln antitrust investment

Burford subsidiaries seek order barring Sysco from settling antitrust claims

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For bear stock pickers, 2023 is full of rich pickings

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