TIDMBUR
RNS Number : 5329Y
Burford Capital Limited
03 January 2024
3 January 2024
ISSUANCE OF NEW ORDINARY SHARES IN CONNECTION WITH LTIP
Burford Capital Limited, the leading global finance and asset
management firm focused on law, today announces that, in connection
with the Burford Capital 2016 Long Term Incentive Plan (the
"LTIP"), it has on January 2, 2024 issued 2,640 new ordinary
shares, no par value per share ("Ordinary Shares"), to satisfy the
vesting of restricted stock units pursuant to the realization of
awards under the LTIP on December 29, 2023.
Application will be made for these 2,640 new Ordinary Shares to
be admitted to trading on the AIM market of the London Stock
Exchange plc. The expected date of admission is January 10, 2024.
These 2,640 new Ordinary Shares will also be listed on the New York
Stock Exchange.
Following the issuance of these new Ordinary Shares, the
Company's issued ordinary share capital is 219,316,028, of which
350,947 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 218,965,081 after
giving effect to this issuance of new Ordinary Shares. 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.
For further information, please contact:
Burford Capital Limited
For investor and analyst inquiries:
Robert Bailhache, Head of Investor Relations, +44 (0)20 3530
EMEA and Asia - email 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
+44 (0)20 7260
Deutsche Numis - NOMAD and Joint Broker 1000
Giles Rolls
Charlie Farquhar
+44 (0)20 7029
Jefferies International Limited - Joint Broker 8000
Graham Davidson
James Umbers
+44 (0)20 3207
Berenberg - Joint Broker 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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END
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