Last checked at 5 Oct 2018 09:58
Hardman & Co Research Hardman & Co Research: Burford Capital (BUR): Equity issue ensures growth is not adjourned 05-Oct-2018 / 09:58 GMT/BST Hardman & Co: Equity issue ensures growth is not adjourned Burford has placed 10.41m new shares with institutional investors through an accelerated bookbuild. The price per share was 1850p, making a total of £192.6m ($251.2m) raised before expenses. The funding will be applied to business expansion, with new geographies such as parts of the United States that have not been fully addressed yet, Australia and Germany specifically mentioned as well as adding to the team in existing locations. The announcement also mentions new products, which have been the topic of recent press releases, and it is clear that Burford has every intention of pushing its growth further. Please click here for the full report: http://hardmanandco.com/docs/default-source/company-docs/burford-capital-documents/05.10.18-equity-issue-ensures-growth-is-not-adjourned.pdf
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corporate announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.