Last checked at 13 May 2020 16:27
13 May 2020
RESULT OF BURFORD CAPITAL'S AGM
Burford Capital Limited ("Burford Capital" or "Burford" or "the Company"), the leading global finance and investment management firm focused on law, is pleased to announce that all resolutions proposed at its Annual General Meeting today were approved by shareholders.
The votes received are detailed below:
Ordinary Resolutions | Total votes for | Total votes against | Total votes withheld |
1. To receive the accounts for the year ended 31 December 2019 and the directors' and auditors' reports thereon | 162,290,419 | 1,585,938 | 332,417 |
2. To re-appoint Sir Peter Middleton as a director | 134,256,064 | 18,008,875 | 12,009,207 |
3. To re-appoint Charles Parkinson as a director | 138,972,393 | 25,285,742 | 16,011 |
4. To appoint Robert Gillespie as a director | 162,417,616 | 1,750,122 | 41,036 |
5. To appoint John Sievwright as a director | 162,417,617 | 1,750,121 | 41,036 |
6. To appoint Christopher Bogart as a director | 162,307,520 | 1,860,218 | 41,036 |
7. To re-appoint Ernst & Young LLP as the Company's auditors | 162,190,034 | 1,990,726 | 28,014 |
8. To authorise the directors to agree the auditors' remuneration | 162,366,661 | 1,812,966 | 28,147 |
9. To authorise the directors to allot shares up to a specific amount | 152,197,465 | 11,962,647 | 47,662 |
10. To authorise the Company to purchase its own shares up to a specified amount | 162,078,969 | 2,085,495 | 43,310 |
11. To approve the renewal of, and amendments to, the Company's 2016 Long Term Incentive Plan | 144,117,379 | 17,167,094 | 2,988,673 |
Special Resolutions |
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12. To authorise the directors to allot shares for cash without making a pre-emptive offer to shareholders (subject to the limitation set out in the resolution) | 161,274,007 | 2,908,421 | 25,346 |
13. To authorise the directors to allot shares for cash without making a pre-emptive offer to shareholders (subject to the limitation set out in the resolution) for an acquisition or specified capital investment | 161,281,323 | 2,901,105 | 25,346 |
14. To adopt new articles of incorporation of the Company | 148,859,042 | 15,390,577 | 20,330 |
Christopher Bogart, Burford's CEO, commented:
"We are grateful for shareholders' support of the AGM resolutions, which will enable us to move forward with our plans to add a US listing for the Company."
For further information, please contact:
Burford Capital Limited |
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Robert Bailhache, Head of Investor Relations - email | +44 (0)20 3530 2023 |
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Macquarie Capital (Europe) Limited - NOMAD and Joint Broker | +44 (0)20 3037 2000 |
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Jonny Allison |
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Alex Reynolds |
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Jefferies International Limited - Joint Broker | +44 (0)20 7029 8000 | ||||
Graham Davidson |
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Tony White |
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Numis Securities Limited - Joint Broker | +44 (0)20 7260 1000 |
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Charlie Farquhar |
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Jonathan Abbott |
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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 London Stock Exchange, and it works with law firms and clients around the world from its principal offices in New York, London, Chicago, Washington, Singapore and Sydney.
For more information about Burford: www.burfordcapital.com
This release does not constitute an offer of any Burford fund. Burford Capital Investment Management LLC ("BCIM"), which acts as the fund manager of all Burford funds, is registered as an investment adviser with the U.S. 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.