THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION
THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN
THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014 AS IT FORMS PART OF
DOMESTIC LAW OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018, AS AMENDED.
June
6, 2024
Partial Repurchase and
Cancellation of Bonds
Burford Capital Finance LLC (the
"Issuer"), the special purpose financing
vehicle created to issue Burford's US Dollar denominated retail
bonds due 2025 and an indirect wholly-owned subsidiary of Burford
Capital Limited ("Burford"), hereby
announces that it has repurchased $19,796,000 in principal amount
of its 6.125 per cent. US-dollar-denominated bonds due August 12,
2025 (ISIN: XS1756325228) (the "Bonds"), at a weighted average
price of 99.322% of the principal amount plus accrued interest. In
accordance with the terms and conditions of the Bonds, the
repurchased Bonds will be cancelled. Following this repurchase and
cancellation, the outstanding principal amount of the Bonds will be
$160,204,000.
The Issuer may seek to make further
repurchases of Bonds from time-to-time, subject to market
conditions.
This announcement does not
constitute or form part of an offer to sell or purchase, or a
solicitation of an offer to sell or purchase, the Bonds or any
other securities.
This notice is released by the Issuer and contains information
that qualified or may have qualified as inside information for the
purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014
as it forms part of domestic law of the United Kingdom by virtue of
the European Union (Withdrawal) Act 2018, as
amended.
For
further information, please contact:
Allia C&C - Dealer
Broker
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Mark Glowrey
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+44 20
3039 3465
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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.
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.