Transaction in Own Shares

Burford Capital Limited
25 September 2023
 

25 September 2023

 

 

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 programme announced on September 19, 2023 to purchase its ordinary shares, no par value per share ("Ordinary Shares") up to a maximum aggregate amount of £4.0 million (the "Programme") in connection with forthcoming vesting of restricted stock units under the Burford Capital 2016 Long Term Incentive Plan, the Company purchased the following number of Ordinary Shares through Numis Securities Limited ("Numis").

 

Date of purchase:

September 22, 2023

Aggregate number of Ordinary Shares purchased:

57,087

Lowest price paid per Ordinary Share (GBp):

1159.00

Highest price paid per Ordinary Share (GBp):

1178.00

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

1167.7701

 

Ordinary Shares purchased pursuant to the Programme 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 219,049,877, of which 276,574 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 218,773,303 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 Programme.

 

Individual trades information:

 

Number of Ordinary Shares purchased

Transaction price (pence per Ordinary Share)

Time of transaction

Trading venue

389

1178.00

08:50:42

AIMX

21

1178.00

08:53:39

AIMX

413

1178.00

08:53:39

AIMX

461

1178.00

08:53:39

AIMX

83

1176.00

09:07:55

AIMX

103

1176.00

09:07:55

AIMX

248

1176.00

09:07:55

AIMX

94

1171.00

09:29:29

AIMX

311

1171.00

09:29:29

AIMX

117

1168.00

10:24:19

AIMX

264

1168.00

10:24:19

AIMX

32

1168.00

10:24:19

AIMX

263

1169.00

10:42:55

AIMX

93

1169.00

10:42:55

AIMX

371

1169.00

10:50:32

AIMX

6

1167.00

10:50:32

AIMX

106

1167.00

10:50:40

AIMX

191

1167.00

10:50:40

AIMX

72

1167.00

11:00:31

AIMX

52

1167.00

11:00:31

AIMX

356

1163.00

11:21:04

AIMX

69

1163.00

11:55:25

AIMX

199

1163.00

11:55:25

AIMX

493

1163.00

11:55:25

AIMX

188

1169.00

11:56:26

AIMX

411

1172.00

12:06:01

AIMX

375

1172.00

12:06:01

AIMX

400

1171.00

12:07:36

AIMX

46

1172.00

12:07:36

AIMX

283

1171.00

12:40:33

AIMX

154

1171.00

12:40:33

AIMX

250

1168.00

12:50:00

AIMX

125

1170.00

12:54:05

AIMX

125

1170.00

12:54:05

AIMX

180

1170.00

12:54:05

AIMX

486

1168.00

13:10:43

AIMX

81

1167.00

13:30:13

AIMX

288

1167.00

13:30:13

AIMX

100

1166.00

13:40:50

AIMX

60

1166.00

13:40:50

AIMX

24

1166.00

13:40:50

AIMX

191

1166.00

13:40:50

AIMX

396

1166.00

13:40:50

AIMX

361

1165.00

13:50:05

AIMX

356

1161.00

14:00:40

AIMX

4

1169.00

14:04:51

AIMX

25

1171.00

14:05:36

AIMX

31

1172.00

14:05:36

AIMX

414

1172.00

14:05:36

AIMX

40

1172.00

14:05:36

AIMX

572

1172.00

14:05:36

AIMX

66

1172.00

14:05:36

AIMX

772

1172.00

14:05:36

AIMX

417

1170.00

14:10:23

AIMX

438

1170.00

14:17:26

AIMX

310

1167.00

14:19:13

AIMX

82

1167.00

14:19:13

AIMX

400

1167.00

14:29:32

AIMX

382

1167.00

14:30:32

AIMX

34

1167.00

14:30:32

AIMX

438

1166.00

14:31:16

AIMX

428

1165.00

14:35:29

AIMX

409

1165.00

14:35:29

AIMX

397

1165.00

14:36:29

AIMX

61

1165.00

14:36:35

AIMX

21

1165.00

14:36:35

AIMX

139

1165.00

14:36:35

AIMX

16

1165.00

14:36:39

AIMX

148

1165.00

14:36:39

AIMX

6

1165.00

14:38:55

AIMX

125

1165.00

14:40:43

AIMX

125

1165.00

14:40:43

AIMX

125

1165.00

14:40:43

AIMX

23

1165.00

14:41:10

AIMX

104

1165.00

14:41:10

AIMX

166

1165.00

14:42:42

AIMX

89

1165.00

14:42:42

AIMX

36

1165.00

14:42:42

AIMX

100

1165.00

14:42:42

AIMX

275

1165.00

14:42:42

AIMX

370

1164.00

14:42:44

AIMX

652

1165.00

14:50:31

AIMX

215

1165.00

14:50:31

AIMX

412

1165.00

14:50:31

AIMX

499

1161.00

14:51:17

AIMX

83

1164.00

14:51:47

AIMX

356

1165.00

14:51:47

AIMX

430

1163.00

14:52:45

AIMX

350

1164.00

14:52:45

AIMX

71

1164.00

14:52:45

AIMX

164

1162.00

14:54:09

AIMX

219

1162.00

14:54:09

AIMX

13

1163.00

15:01:25

AIMX

350

1163.00

15:01:25

AIMX

25

1163.00

15:01:25

AIMX

427

1164.00

15:04:39

AIMX

59

1164.00

15:04:39

AIMX

96

1164.00

15:04:46

AIMX

111

1164.00

15:04:46

AIMX

125

1164.00

15:05:00

AIMX

269

1164.00

15:05:00

AIMX

132

1164.00

15:06:47

AIMX

394

1162.00

15:11:53

AIMX

634

1160.00

15:13:49

AIMX

76

1159.00

15:13:49

AIMX

282

1159.00

15:14:55

AIMX

361

1159.00

15:14:55

AIMX

595

1164.00

15:17:28

AIMX

248

1164.00

15:17:28

AIMX

16

1164.00

15:17:28

AIMX

329

1168.00

15:17:49

AIMX

31

1168.00

15:17:49

AIMX

258

1168.00

15:17:49

AIMX

125

1168.00

15:17:49

AIMX

2654

1168.00

15:17:49

AIMX

250

1168.00

15:17:49

AIMX

116

1168.00

15:17:49

AIMX

159

1168.00

15:19:29

AIMX

226

1168.00

15:19:49

AIMX

7

1168.00

15:19:49

AIMX

100

1168.00

15:19:49

AIMX

73

1168.00

15:19:50

AIMX

250

1168.00

15:22:50

AIMX

153

1168.00

15:22:50

AIMX

3

1168.00

15:23:57

AIMX

366

1170.00

15:26:39

AIMX

1449

1170.00

15:26:39

AIMX

639

1170.00

15:26:39

AIMX

859

1170.00

15:26:39

AIMX

397

1172.00

15:29:46

AIMX

390

1173.00

15:30:05

AIMX

328

1173.00

15:31:19

AIMX

34

1173.00

15:31:19

AIMX

7

1173.00

15:31:39

AIMX

3

1173.00

15:32:55

AIMX

31

1174.00

15:32:55

AIMX

340

1175.00

15:33:52

AIMX

1000

1175.00

15:33:52

AIMX

88

1175.00

15:33:52

AIMX

42

1175.00

15:33:52

AIMX

104

1175.00

15:33:52

AIMX

86

1173.00

15:34:52

AIMX

180

1173.00

15:34:52

AIMX

126

1173.00

15:42:57

AIMX

435

1173.00

15:42:57

AIMX

35

1173.00

15:42:57

AIMX

213

1173.00

15:42:57

AIMX

119

1173.00

15:42:57

AIMX

392

1173.00

15:42:57

AIMX

117

1173.00

15:42:57

AIMX

91

1173.00

15:42:57

AIMX

89

1173.00

15:42:57

AIMX

137

1173.00

15:42:57

AIMX

250

1173.00

15:47:57

AIMX

195

1173.00

15:47:57

AIMX

102

1171.00

15:47:57

AIMX

100

1171.00

15:47:57

AIMX

277

1171.00

15:47:57

AIMX

175

1170.00

15:47:57

AIMX

236

1170.00

15:47:57

AIMX

359

1168.00

15:47:57

AIMX

372

1168.00

15:50:10

AIMX

71

1168.00

15:50:10

AIMX

121

1169.00

15:50:10

AIMX

25

1169.00

15:50:10

AIMX

148

1169.00

15:50:10

AIMX

110

1169.00

15:50:14

AIMX

11

1169.00

15:50:14

AIMX

125

1169.00

15:51:14

AIMX

315

1169.00

15:51:14

AIMX

361

1169.00

15:53:14

AIMX

54

1169.00

15:53:14

AIMX

359

1167.00

15:53:45

AIMX

41

1167.00

15:53:45

AIMX

336

1167.00

15:53:45

AIMX

53

1167.00

15:53:45

AIMX

93

1165.00

15:54:00

AIMX

132

1165.00

15:54:00

AIMX

35

1165.00

15:54:00

AIMX

42

1165.00

15:54:00

AIMX

42

1165.00

15:54:00

AIMX

430

1166.00

16:01:11

AIMX

390

1166.00

16:01:11

AIMX

377

1166.00

16:01:11

AIMX

370

1166.00

16:01:11

AIMX

533

1166.00

16:01:45

AIMX

43

1166.00

16:01:45

AIMX

1411

1167.00

16:05:47

AIMX

31

1167.00

16:05:47

AIMX

531

1167.00

16:06:05

AIMX

319

1166.00

16:06:42

AIMX

110

1166.00

16:06:42

AIMX

243

1166.00

16:06:42

AIMX

135

1166.00

16:06:42

AIMX

350

1166.00

16:06:42

AIMX

18

1166.00

16:06:42

AIMX

428

1166.00

16:08:59

AIMX

356

1166.00

16:11:00

AIMX

276

1166.00

16:12:00

AIMX

395

1166.00

16:12:01

AIMX

237

1165.00

16:12:01

AIMX

122

1165.00

16:13:59

AIMX

7

1165.00

16:13:59

AIMX

227

1165.00

16:13:59

AIMX

433

1165.00

16:13:59

AIMX

655

1165.00

16:14:14

AIMX

48

1165.00

16:14:14

AIMX

382

1165.00

16:14:14

AIMX

401

1163.00

16:14:27

AIMX

389

1164.00

16:15:09

AIMX

113

1164.00

16:16:09

AIMX

139

1164.00

16:16:09

AIMX

349

1164.00

16:16:09

AIMX

76

1164.00

16:17:09

AIMX

69

1164.00

16:17:09

AIMX

232

1164.00

16:17:09

AIMX

244

1164.00

16:18:15

AIMX

47

1164.00

16:18:15

AIMX

14

1165.00

16:18:15

AIMX

24

1165.00

16:18:35

AIMX

470

1167.00

16:18:38

AIMX

52

1169.00

16:19:06

AIMX

100

1169.00

16:19:06

AIMX

125

1169.00

16:19:08

AIMX

146

1169.00

16:19:08

AIMX

250

1169.00

16:19:08

AIMX

91

1169.00

16:19:08

AIMX

19

1169.00

16:19:08

AIMX

90

1169.00

16:19:19

AIMX

125

1169.00

16:19:20

AIMX

141

1169.00

16:19:20

AIMX

378

1169.00

16:19:39

AIMX

517

1169.00

16:20:57

AIMX

13

1169.00

16:20:57

AIMX

18

1169.00

16:22:08

AIMX

22

1170.00

16:24:24

AIMX

490

1170.00

16:24:24

AIMX

48

1170.00

16:24:24

AIMX

60

1170.00

16:24:24

AIMX

54

1170.00

16:24:24

AIMX

8

1170.00

16:24:24

AIMX

84

1170.00

16:24:24

AIMX

52

1170.00

16:24:24

AIMX

68

1170.00

16:24:24

AIMX

125

1170.00

16:24:24

AIMX

126

1170.00

16:24:24

AIMX

51

1170.00

16:24:24

AIMX

100

1170.00

16:24:24

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



Numis Securities Limited - 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


Tony White




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.

 

 

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