EX-99.1 2 tmb-20240328xex99d1.htm EX-99.1

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Exhibit 99.1

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March 28, 2024

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Transaction In Own Shares

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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 program announced on March 18, 2024 to purchase its ordinary shares, no par value per share (“Ordinary Shares”), up to a maximum aggregate amount of £5.0 million (the “Program”) in connection with future obligations under the Company’s Deferred Compensation Plan, the Company purchased the following number of Ordinary Shares through Numis Securities Limited (“Numis”).

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Date of purchase:

March 27, 2024

Aggregate number of Ordinary Shares purchased:

27,409

Lowest price paid per Ordinary Share (GBp):

1250.00

Highest price paid per Ordinary Share (GBp):

1229.00

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

1240.4392

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After giving effect to the purchase of these Ordinary Shares on March 27, 2024, the Company has purchased a total of 319,000 Ordinary Shares for an aggregate gross consideration of £3,775,129.06, at an average price of GBp 1183.4260 per Ordinary Share, resulting in its completion of the Program to satisfy the Company's requirements in connection with future obligations under the Company’s Deferred Compensation Plan.

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Ordinary Shares purchased pursuant to the Program 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 219,316,028, of which 669,947 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 218,646,081 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.

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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 Program.

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Individual trades information:

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Number of Ordinary Shares purchased

Transaction price (pence per Ordinary Share)

Time of transaction (GMT)

Trading venue

413

1238.00

08:18:09

AIMX

472

1243.00

08:46:26

AIMX

451

1242.00

08:46:29

AIMX

416

1242.00

08:59:19

AIMX

481

1241.00

08:59:56

AIMX

472

1239.00

09:48:21

AIMX

51

1235.00

09:58:58

AIMX

Graphic

389

1235.00

09:58:58

AIMX

84

1238.00

11:00:10

AIMX

225

1238.00

11:00:10

AIMX

139

1238.00

11:00:10

AIMX

60

1238.00

11:00:10

AIMX

433

1237.00

11:14:41

AIMX

495

1235.00

11:29:55

AIMX

71

1231.00

11:29:59

AIMX

289

1231.00

11:29:59

AIMX

122

1231.00

11:29:59

AIMX

49

1231.00

11:29:59

AIMX

355

1233.00

11:48:15

AIMX

111

1233.00

11:48:15

AIMX

320

1233.00

11:48:15

AIMX

94

1233.00

11:48:35

AIMX

37

1233.00

11:48:45

AIMX

39

1233.00

11:48:45

AIMX

109

1233.00

11:48:45

AIMX

99

1229.00

12:00:58

AIMX

451

1231.00

12:24:01

AIMX

419

1237.00

12:52:43

AIMX

468

1244.00

13:17:33

AIMX

236

1243.00

13:17:33

AIMX

116

1243.00

13:17:33

AIMX

66

1243.00

13:17:33

AIMX

375

1243.00

13:30:00

AIMX

184

1243.00

13:30:00

AIMX

90

1243.00

13:30:00

AIMX

302

1243.00

13:30:00

AIMX

41

1240.00

13:30:00

AIMX

354

1241.00

13:30:00

AIMX

90

1241.00

13:30:00

AIMX

42

1241.00

13:30:00

AIMX

290

1237.00

13:30:14

AIMX

84

1237.00

13:30:14

AIMX

110

1237.00

13:30:14

AIMX

8

1235.00

13:30:30

AIMX

46

1235.00

13:30:30

AIMX

40

1235.00

13:30:30

AIMX

75

1235.00

13:33:14

AIMX

150

1235.00

13:33:14

AIMX

Graphic

75

1235.00

13:33:14

AIMX

64

1235.00

13:33:14

AIMX

417

1235.00

13:33:14

AIMX

61

1238.00

13:35:21

AIMX

90

1238.00

13:35:33

AIMX

90

1238.00

13:35:33

AIMX

39

1238.00

13:35:33

AIMX

127

1238.00

13:35:33

AIMX

39

1238.00

13:35:33

AIMX

39

1238.00

13:35:45

AIMX

90

1238.00

13:35:45

AIMX

39

1238.00

13:35:45

AIMX

90

1238.00

13:35:45

AIMX

90

1238.00

13:35:45

AIMX

90

1238.00

13:35:45

AIMX

90

1238.00

13:35:45

AIMX

90

1238.00

13:35:45

AIMX

90

1238.00

13:35:45

AIMX

90

1238.00

13:35:45

AIMX

90

1238.00

13:35:46

AIMX

90

1238.00

13:35:46

AIMX

90

1237.00

13:36:34

AIMX

90

1237.00

13:36:34

AIMX

119

1235.00

13:40:23

AIMX

307

1235.00

13:40:23

AIMX

40

1235.00

13:40:24

AIMX

180

1235.00

13:40:24

AIMX

180

1242.00

13:46:25

AIMX

180

1242.00

13:46:25

AIMX

114

1241.00

13:46:25

AIMX

86

1241.00

13:46:25

AIMX

114

1241.00

13:46:25

AIMX

115

1241.00

13:46:25

AIMX

156

1241.00

13:46:29

AIMX

44

1241.00

13:46:29

AIMX

105

1241.00

13:46:29

AIMX

75

1241.00

13:47:40

AIMX

130

1241.00

13:47:40

AIMX

401

1241.00

13:47:40

AIMX

4

1241.00

13:47:40

AIMX

75

1241.00

13:47:40

AIMX

Graphic

15

1237.00

14:01:02

AIMX

444

1237.00

14:01:02

AIMX

28

1235.00

14:01:02

AIMX

304

1235.00

14:01:02

AIMX

119

1235.00

14:01:02

AIMX

14

1235.00

14:08:02

AIMX

432

1235.00

14:08:02

AIMX

181

1237.00

14:13:48

AIMX

269

1237.00

14:13:48

AIMX

325

1236.00

14:13:48

AIMX

100

1236.00

14:13:48

AIMX

7

1236.00

14:13:49

AIMX

146

1237.00

14:18:16

AIMX

337

1237.00

14:18:16

AIMX

111

1237.00

14:21:20

AIMX

75

1239.00

14:24:51

AIMX

300

1239.00

14:24:51

AIMX

209

1239.00

14:24:51

AIMX

320

1239.00

14:24:51

AIMX

119

1243.00

14:29:16

AIMX

86

1243.00

14:29:16

AIMX

129

1243.00

14:30:16

AIMX

834

1247.00

14:34:21

AIMX

333

1247.00

14:37:07

AIMX

45

1247.00

14:38:44

AIMX

458

1248.00

14:39:46

AIMX

459

1248.00

14:39:46

AIMX

46

1247.00

14:42:28

AIMX

300

1247.00

14:42:28

AIMX

165

1247.00

14:42:28

AIMX

320

1247.00

14:42:28

AIMX

508

1243.00

14:49:42

AIMX

225

1245.00

14:54:15

AIMX

203

1245.00

14:54:15

AIMX

393

1244.00

14:54:24

AIMX

97

1244.00

14:54:24

AIMX

147

1248.00

15:00:32

AIMX

50

1248.00

15:00:32

AIMX

458

1247.00

15:00:35

AIMX

265

1246.00

15:00:35

AIMX

179

1246.00

15:00:35

AIMX

Graphic

457

1245.00

15:07:49

AIMX

428

1244.00

15:07:50

AIMX

75

1243.00

15:13:36

AIMX

300

1243.00

15:13:36

AIMX

75

1243.00

15:13:36

AIMX

23

1243.00

15:13:36

AIMX

185

1244.00

15:17:12

AIMX

312

1244.00

15:17:12

AIMX

50

1245.00

15:18:34

AIMX

454

1245.00

15:19:05

AIMX

401

1248.00

15:24:15

AIMX

196

1250.00

15:29:18

AIMX

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For further information, please contact:

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Burford Capital Limited

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For investor and analyst inquiries:

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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:

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David Helfenbein, Vice President, Public Relations - email

+1 (212) 235 6824

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Deutsche Numis - NOMAD and Joint Broker

+44 (0)20 7260 1000

Giles Rolls

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Charlie Farquhar

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Jefferies International Limited - Joint Broker

+44 (0)20 7029 8000

Graham Davidson

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James Umbers

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Berenberg – Joint Broker

+44 (0)20 3207 7800

Toby Flaux

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James Thompson

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Yasmina Benchekroun

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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.

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For more information, please visit www.burfordcapital.com.

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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.

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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.

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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.

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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.