May
20, 2024
Burford Capital Announces
Results of the 2024 AGM
Burford Capital Limited ("Burford"),
the leading global finance and asset management firm focused on
law, is pleased to announce that all of the resolutions proposed at
its annual general meeting held on May 15, 2024 were approved by
shareholders, including, among others, the approval of a final
dividend of 6.25¢ (United States cents) per ordinary share to be
paid on June 14, 2024 to all ordinary shareholders on the register
of members at the close of business on May 24, 2024.
The votes received are detailed
below:
|
Ordinary resolutions
|
Total votes
for
|
Total votes
against
|
Total votes
withheld
|
|
1. To receive the
accounts of Burford for the year ended December 31, 2023 and the
report of the directors and the external auditor thereon
|
128,505,379
|
1,637
|
686,754
|
|
2. To declare a final
dividend of 6.25¢ (United States cents) per ordinary
share
|
129,119,855
|
7,324
|
66,591
|
|
3. To re-elect Rukia
Baruti as director
|
127,904,703
|
1,172,294
|
116,773
|
|
4. To re-elect
Christopher Bogart as director
|
129,099,046
|
20,952
|
73,772
|
|
5. To re-elect Pamela
Corrie as director
|
129,093,481
|
25,306
|
74,983
|
|
6. To re-elect Robert
Gillespie as director
|
127,847,237
|
1,271,499
|
75,034
|
|
7. To re-elect
Christopher Halmy as director
|
128,032,369
|
1,086,357
|
75,044
|
|
8. To re-elect John
Sievwright as director
|
129,052,199
|
66,337
|
75,234
|
|
9. To re-appoint Ernst
& Young LLP as Burford's external auditor
|
141,486,391
|
901,181
|
59,712
|
|
10. To authorize the directors to
agree upon the remuneration of the external auditor
|
128,482,052
|
649,435
|
62,283
|
|
11. To authorize the directors to
allot and/or issue ordinary shares in Burford up to a specified
amount
|
124,530,251
|
4,582,687
|
80,832
|
|
12. To authorize Burford to make
market acquisitions of its ordinary shares up to a specified
amount
|
129,021,272
|
43,517
|
128,981
|
|
Special resolutions
|
|
13. To authorize the directors to
allot and/or issue equity securities for cash without making a
pre-emptive offer to shareholders (subject to the limitations set
forth in the resolution)
|
126,091,341
|
2,909,951
|
192,478
|
|
14. To authorize the directors to
allot and/or issue equity securities for cash without making a
pre-emptive offer to shareholders (subject to the limitations set
forth in the resolution) for an acquisition or specified capital
investment
|
125,650,917
|
3,348,450
|
194,403
|
For
further information, please contact:
|
Burford Capital Limited
|
|
|
For investor and analyst inquiries:
|
|
|
Americas: Josh Wood, Head of
Investor Relations - email
|
+1
212 516 5824
|
|
EMEA & Asia: Rob Bailhache, Head
of EMEA & Asia Investor Relations - email
|
+44 (0)20
3530 2023
|
|
For press inquiries:
|
|
|
David Helfenbein, Vice President,
Public Relations - email
|
+1 (212)
516 5824
|
|
|
|
|
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, 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.