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Pin to quick picksBurford Capital Regulatory News (BUR)

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Transaction in Own Shares

25 Mar 2024 07:00

RNS Number : 0511I
Burford Capital Limited
25 March 2024
 

 

March 25, 2024

 

 

Transaction In Own Shares

 

Burford Capital Limited (the "Company"), the leading global finance and asset management firm focused on law, today announces that, in accordance with the terms of its program announced on March 18, 2024 to purchase its ordinary shares, no par value per share ("Ordinary Shares"), up to a maximum aggregate amount of £5.0 million (the "Program") in connection with future obligations under the Company's Deferred Compensation Plan, the Company purchased the following number of Ordinary Shares through Numis Securities Limited ("Numis").

 

Date of purchase:

March 22, 2024

Aggregate number of Ordinary Shares purchased:

49,000

Lowest price paid per Ordinary Share (GBp):

1193.00

Highest price paid per Ordinary Share (GBp):

1208.00

Volume weighted average price paid per Ordinary Share (GBp):

1203.5530

 

Ordinary Shares purchased pursuant to the Program will be initially held by the Company in treasury. Following the purchase and settlement of these Ordinary Shares, the Company's issued ordinary share capital is 219,316,028, of which 539,464 Ordinary Shares are held in treasury and do not have any voting rights. Therefore, the total number of voting rights in the Company, excluding treasury shares, will be 218,776,564 after giving effect to the purchases described above. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information with respect to the individual trades made by Numis as part of the Program.

 

Individual trades information:

 

Number of Ordinary Shares purchased

Transaction price (pence per Ordinary Share)

Time of transaction (GMT)

Trading venue

486

1198.00

08:32:24

AIMX

31

1201.00

08:34:06

AIMX

428

1201.00

08:34:06

AIMX

450

1202.00

08:35:37

AIMX

393

1205.00

08:46:23

AIMX

107

1205.00

08:46:23

AIMX

300

1205.00

08:46:23

AIMX

50

1205.00

08:46:23

AIMX

157

1203.00

08:46:25

AIMX

434

1203.00

08:46:25

AIMX

492

1201.00

08:49:03

AIMX

412

1201.00

08:51:41

AIMX

537

1200.00

08:59:08

AIMX

260

1202.00

09:07:18

AIMX

475

1205.00

09:09:38

AIMX

415

1203.00

09:09:39

AIMX

407

1202.00

09:23:30

AIMX

574

1201.00

09:23:33

AIMX

441

1201.00

09:27:45

AIMX

409

1193.00

09:46:59

AIMX

406

1198.00

10:02:37

AIMX

476

1198.00

10:02:37

AIMX

397

1198.00

10:06:20

AIMX

180

1201.00

10:16:19

AIMX

292

1201.00

10:23:47

AIMX

469

1201.00

10:23:47

AIMX

471

1200.00

10:25:28

AIMX

435

1199.00

10:41:24

AIMX

414

1199.00

10:54:55

AIMX

452

1197.00

11:19:33

AIMX

398

1204.00

11:42:46

AIMX

5

1204.00

11:46:37

AIMX

200

1205.00

11:48:16

AIMX

229

1205.00

11:48:16

AIMX

92

1203.00

11:55:48

AIMX

373

1203.00

11:55:48

AIMX

442

1201.00

12:06:47

AIMX

430

1201.00

12:11:20

AIMX

392

1205.00

12:52:33

AIMX

406

1204.00

12:52:33

AIMX

412

1205.00

13:05:29

AIMX

474

1205.00

13:05:29

AIMX

398

1200.00

13:07:09

AIMX

479

1199.00

13:15:59

AIMX

415

1199.00

13:16:59

AIMX

422

1199.00

13:20:00

AIMX

277

1198.00

13:22:20

AIMX

196

1198.00

13:22:20

AIMX

482

1197.00

13:25:25

AIMX

412

1196.00

13:25:43

AIMX

420

1196.00

13:32:57

AIMX

982

1194.00

13:36:58

AIMX

500

1199.00

13:40:38

AIMX

300

1199.00

13:40:38

AIMX

722

1199.00

13:40:38

AIMX

304

1199.00

13:40:38

AIMX

330

1199.00

13:40:38

AIMX

62

1197.00

13:42:27

AIMX

497

1197.00

13:42:27

AIMX

414

1195.00

13:44:47

AIMX

439

1199.00

13:47:17

AIMX

146

1205.00

13:52:47

AIMX

50

1205.00

13:52:47

AIMX

138

1205.00

13:52:47

AIMX

45

1205.00

13:52:47

AIMX

12

1205.00

13:52:47

AIMX

98

1203.00

13:52:47

AIMX

188

1201.00

14:00:10

AIMX

101

1201.00

14:00:10

AIMX

172

1201.00

14:00:10

AIMX

475

1205.00

14:15:04

AIMX

32

1205.00

14:15:04

AIMX

415

1205.00

14:15:04

AIMX

100

1205.00

14:19:31

AIMX

322

1205.00

14:19:31

AIMX

589

1204.00

14:20:32

AIMX

48

1204.00

14:20:32

AIMX

1023

1205.00

14:30:47

AIMX

482

1205.00

14:30:47

AIMX

404

1205.00

14:35:36

AIMX

454

1205.00

14:40:29

AIMX

445

1205.00

14:40:29

AIMX

31

1205.00

14:40:58

AIMX

180

1205.00

14:40:58

AIMX

98

1203.00

14:43:23

AIMX

429

1205.00

14:47:42

AIMX

434

1205.00

14:51:25

AIMX

332

1208.00

15:52:38

AIMX

433

1208.00

15:52:38

AIMX

461

1208.00

15:52:38

AIMX

581

1208.00

15:52:38

AIMX

455

1208.00

15:52:38

AIMX

398

1208.00

15:52:38

AIMX

394

1208.00

15:52:38

AIMX

453

1208.00

15:52:38

AIMX

452

1208.00

15:52:38

AIMX

395

1208.00

15:52:38

AIMX

876

1208.00

15:52:38

AIMX

424

1208.00

15:52:38

AIMX

393

1208.00

15:52:38

AIMX

444

1208.00

15:52:38

AIMX

432

1208.00

15:52:38

AIMX

467

1208.00

15:52:38

AIMX

480

1208.00

15:52:38

AIMX

401

1208.00

15:52:38

AIMX

409

1208.00

15:52:38

AIMX

413

1208.00

15:52:38

AIMX

467

1208.00

15:52:38

AIMX

446

1208.00

15:52:38

AIMX

411

1208.00

15:52:38

AIMX

429

1208.00

15:52:38

AIMX

408

1208.00

15:52:38

AIMX

324

1208.00

15:52:38

AIMX

143

1208.00

15:52:38

AIMX

94

1205.00

15:54:39

AIMX

717

1208.00

16:02:29

AIMX

76

1208.00

16:02:29

AIMX

69

1208.00

16:02:29

AIMX

122

1208.00

16:02:29

AIMX

75

1208.00

16:02:29

AIMX

560

1208.00

16:02:29

AIMX

133

1208.00

16:02:29

AIMX

394

1208.00

16:02:29

AIMX

687

1208.00

16:04:21

AIMX

223

1206.00

16:10:25

AIMX

438

1206.00

16:10:25

AIMX

259

1206.00

16:10:25

AIMX

396

1206.00

16:10:25

AIMX

483

1205.00

16:13:51

AIMX

446

1205.00

16:13:51

AIMX

20

1205.00

16:17:49

AIMX

13

1205.00

16:17:49

AIMX

57

1205.00

16:17:49

AIMX

205

1205.00

16:17:49

AIMX

259

1205.00

16:17:49

AIMX

77

1205.00

16:17:49

AIMX

408

1205.00

16:17:49

AIMX

75

1205.00

16:17:49

AIMX

275

1206.00

16:20:44

AIMX

185

1206.00

16:20:44

AIMX

468

1207.00

16:22:29

AIMX

 

 

For further information, please contact:

 

Burford Capital Limited

For investor and analyst inquiries:

Robert Bailhache, Head of Investor Relations, EMEA and Asia - email

+44 (0)20 3530 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

Deutsche Numis - NOMAD and Joint Broker

+44 (0)20 7260 1000

Giles Rolls

Charlie Farquhar

Jefferies International Limited - Joint Broker

+44 (0)20 7029 8000

Graham Davidson

James Umbers

Berenberg - Joint Broker

+44 (0)20 3207 7800

Toby Flaux

James Thompson

Yasmina Benchekroun

 

 

 

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 offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.

 

For more information, please visit www.burfordcapital.com.

 

 

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.

 

This announcement does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided in this announcement is for informational purposes only. Past performance is not indicative of future results. The information contained in this announcement 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 any of Burford private 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, Burford and its representatives may from time to time make other oral or written statements that are forward-looking, including in its periodic reports that Burford files with, or furnishes to, the US Securities and Exchange Commission, other information made available to Burford's 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. Burford cautions that forward-looking statements are not guarantees of future performance and are based on numerous assumptions, expectations, projections, intentions and beliefs and that Burford's actual results of operations, including its financial position and liquidity, and the development of the industry in which it operates, 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 Burford expects include, among others, those discussed under "Risk Factors" in Burford's annual report on Form 20-F for the year ended December 31, 2022 filed with the US Securities and Exchange Commission on May 16, 2023 and other reports or documents that Burford files with, or furnishes to, the US Securities and Exchange Commission from time to time. In addition, even if Burford's results of operations, including its financial position and liquidity, and the development of the industry in which it operates 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, Burford undertakes 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
 
 
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