NEW
YORK, April 10, 2024 /PRNewswire/ -- 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 April 8, 2024 issued 533,066 new
ordinary shares, no par value per share ("Shares"), to satisfy the
vesting of restricted stock units pursuant to the realization of
awards under the LTIP on March 31,
2024.
Application will be made for these 533,066 new Shares to be
admitted to trading on the AIM market of the London Stock Exchange
plc. The expected date of admission is April
17, 2024. These 533,066 new Shares will also be listed on
the New York Stock Exchange.
Following the issuance of these new Shares, the Company's issued
ordinary share capital is 219,849,094, of which 669,947 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 219,179,147 after giving effect to this issuance of
new 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.
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, 2023 filed with the US
Securities and Exchange Commission on March
28, 2024 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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SOURCE Burford Capital