The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBurford Capital Regulatory News (BUR)

Share Price Information for Burford Capital (BUR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,110.00
Bid: 1,118.00
Ask: 1,124.00
Change: 1.00 (0.09%)
Spread: 6.00 (0.537%)
Open: 1,105.00
High: 1,133.00
Low: 1,099.00
Prev. Close: 1,109.00
BUR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Update on Offer Size

13 Apr 2016 14:01

RNS Number : 1010V
Burford Capital PLC
13 April 2016
 

The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document. The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, the Bailiwick of Guernsey and the Isle of Man in accordance with the applicable regulatory requirements.

 

SEE "IMPORTANT INFORMATION" BELOW

 

13 April 2016

 

BURFORD CAPITAL PLC

 

6.125% GUARANTEED STERLING BONDS DUE 2024

 

 

Update on Offer Size relating to the Notes

 

Terms used herein shall have the meaning given to them in the Prospectus dated 5 April 2016 (the "Prospectus") to the Bonds.

In accordance with the terms and conditions of the Offer set out in the Prospectus, the Offer Period relating to the Notes, which commenced on 5 April 2016, is scheduled to close at 12 noon (London time) on 19th April 2016. The Issuer retains the right to close the offer early, in conjunction with the Lead Managers.

The aggregate nominal amount of the Notes to be issued will be at least £75 million.

 

 

For further information, please contact:

 

Canaccord Genuity Limited

Adrian Bell +44 (0) 20 7523 8000

Mark Glowrey

Henrietta Podd

 

Peel Hunt LLP +44 (0) 20 7418 8900

Matthew Armitt

Kathy Boate

 

Neustria Partners - Financial Communications for Burford Capital

Robert Bailhache +44 (0) 20 3021 2580

robert.bailhache@neustriapartners.com

 

 

About Burford Capital PLC

Burford Capital PLC is a special purpose financing vehicle created to issue Burford's 2014 retail bonds and an indirect wholly-owned subsidiary of Burford Capital Limited.

 

About Burford Capital

Burford is a leading global finance firm focused on law. Burford's businesses include litigation finance, insurance and risk transfer, law firm lending, corporate intelligence and judgment enforcement, and a wide range of investment activities. Burford's equity and debt securities are publicly traded on the London Stock Exchange. Burford works with lawyers and clients around the world from its principal offices in New York and London.

 

For more information about Burford, visit www.burfordcapital.com 

 

Notes to Editors:

 

 

ABOUT THE BONDS

1. The Bonds may not be suitable for all investors. Investors should ensure that they fully understand the risks and seek independent advice.

 

2. Investors should note that the market price of the Bonds can rise and fall during the life of the investment and that the price of Bonds could fall below the issue price of £100.

 

3. In the event that either Burford or any of its direct or indirect subsidiaries defaults, becomes insolvent or goes out of business, investors may lose some or all of their investment.

 

4. Burford Capital PLC previously raised £90m through an issue of bonds listed on the London Stock Exchange's Order Book for Retail Bonds in 2014 ("Existing Bonds").

 

5. The Bonds will rank pari passu with the Existing Bonds.

 

 

IMPORTANT INFORMATION

 

This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended (the "Directive"), and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). A prospectus dated 5 April 2016 (the "Prospectus") has been prepared and made available to the public as required by Part VI of the FSMA. Investors should not subscribe for any Bonds referred to in this announcement except on the basis of information in the Prospectus. Full information on Burford Capital plc and the offer of the Bonds is only available on the basis of the combination of the Prospectus, and this announcement which have been published by Burford Capital plc on the Regulatory News Service operated by the London Stock Exchange on or about 5 April 2016 and setting out the aggregate principal amount of the Bonds to be issued (the "Sizing Announcement"). Investors may obtain copies of the Prospectus and the Sizing Announcement (once published) on the website of the Regulatory News Service.

The restriction on financial promotions contained in section 21(1) of the Financial Services and Markets Act 2000 does not apply to this announcement by virtue of article 70(1A) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.

The offering and the distribution of this announcement and other information in connection with any offer in certain jurisdictions may be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase. Any purchase of Bonds pursuant to any offer should only be made on the basis of the information contained in the Prospectus, available as described above.

The Bonds have not been and will not be registered under the US Securities Act of 1933, as amended, (the "Securities Act") and, subject to certain exceptions, may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons. The Bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act, and are subject to certain U.S. tax law requirements. There will be no public offering in the United States.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODEAALDFSNKEFF
Date   Source Headline
9th Sep 202112:12 pmRNSInterim Results for six months ended 30 June 2021
26th Aug 20213:00 pmRNSNotice of 1H21 Results Call Registration Details
23rd Aug 20217:00 amRNSBusiness Performance Update and US GAAP Conversion
16th Jul 20217:00 amRNSResolution of Akhmedov enforcement matter
23rd Jun 20217:30 amRNSResults of Tender Offer for Burford's 2022 Bonds
22nd Jun 20212:30 pmRNSDirector/PDMR Shareholding
10th Jun 202112:00 pmRNSNotice of 1H21 Results & Earnings Call
8th Jun 202112:00 pmRNSSterling FX Rate for 2020 Final Dividend
7th Jun 20213:00 pmRNSTR1 - Notification of Major Holdings
4th Jun 202112:00 pmRNSRetail Shareholder Call Registration Details
27th May 202111:15 amRNSTender Offer for Burford Capital PLC's 2022 Bonds
21st May 20216:09 pmRNSResult of AGM
21st May 20213:00 pmRNSNotice of Retail Shareholder Call on June 18, 2021
7th May 202110:30 amRNSDirector/PDMR Shareholding
30th Apr 20217:00 amRNSKenneth Brause Appointed Chief Financial Officer
16th Apr 202112:00 pmRNSNotice of 2021 AGM
12th Apr 202110:20 amRNSDirector/PDMR Shareholding
7th Apr 20215:16 pmRNSCompleted Share Purchase by Employee Benefit Trust
6th Apr 20214:31 pmRNSDirector/PDMR Shareholding
6th Apr 20217:00 amRNSClosing of Private Offering of Senior Notes
31st Mar 202110:00 amRNSDirector/PDMR Shareholding
29th Mar 20217:00 amRNSPricing and Upsizing of Senior Notes Offering
26th Mar 20217:00 amRNSIntended Share Purchase by Employee Benefit Trust
24th Mar 20213:00 pmRNSBurford Capital enhances its team of experts
24th Mar 202112:00 pmRNSAvailability of Annual Report
24th Mar 202112:00 pmRNSPrivate Offering of Senior Notes
24th Mar 202112:00 pmRNSFull Year Results 2020
10th Mar 20212:00 pmRNSNotice of FY20 Earnings Call Registration Details
17th Feb 202112:00 pmRNS2020 Business Update & Dividend Reinstatement
4th Feb 20212:00 pmRNSMove to Electronic Shareholder Communications
14th Jan 202112:00 pmRNSNotice of FY20 Update & Preliminary Results
4th Jan 20214:45 pmRNSTR1 - Notification of Major Holdings
4th Jan 20214:45 pmRNSTR1 - Notification of Major Holdings
21st Dec 20207:00 amRNSAndrea Muller Appointed Non-Executive Director
5th Nov 20202:59 pmRNSNotification of transactions by PDMRs
19th Oct 20202:30 pmRNSBurford Capital Share Trading Begins on NYSE
16th Oct 20202:19 pmRNSNotification of transactions by PDMRs
8th Oct 20202:28 pmRNSNotification of transactions by PDMRs
8th Oct 202011:00 amRNSTR1 - Notification of Major Holdings
1st Oct 20207:00 amRNSUS SEC Declares Registration Statement Effective
1st Oct 20207:00 amRNSInterim Results for six months ended 30 June 2020
29th Sep 20209:00 amRNSDespatch of Shareholder Letter on Dual Listing
29th Sep 20207:00 amRNSUpdate on Proposed NYSE Listing
28th Sep 20202:00 pmRNSChange of Registered Office
17th Sep 20202:00 pmRNSNotice of 1H20 Earnings Call Registration Details
14th Sep 20207:00 amRNSNotice of 1H20 Results & Earnings Call
14th Sep 20207:00 amRNSUpdate on Plan to Dual List in the US and UK
18th Aug 202012:59 pmRNSTR1 - Notification of Major Holdings
7th Aug 20204:00 pmRNSBurford Capital appoints Numis as its NOMAD
7th Jul 20207:00 amRNSFiling With SEC For US Stock Exchange Listing

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.