Burford Capital Launches Share Repurchase Initiative
On March 17, 2025, Burford Capital Limited, a prominent global finance and asset management company specializing in legal finance, revealed the approval of a share repurchase initiative. This program is set to facilitate the firm's commitment to its Deferred Compensation Plan, which is an essential component of its employee compensation strategy.
The Burford board has authorized the repurchase of ordinary shares amounting to a maximum total of $20 million under this initiative. The repurchase program encompasses the acquisition of up to 21,864,608 ordinary shares, contingent upon the authority granted by shareholders during the annual general meeting on May 15, 2024. The program is effective immediately and will remain active until either the authority expires or the maximum purchase amount is reached.
Acquired shares will initially be retained in treasury and may subsequently be utilized for various incentive compensation and equity-related plans at Burford's discretion. According to the company, this maneuver demonstrates a strategic commitment to maintaining competitive compensation practices while aligning employee interests with shareholder value.
Burford plans to execute the share repurchases in the United States, adhering to the limits set forth by both the General Authority and the oversight of Rule 10b-18 under the US Securities Exchange Act of 1934. Shares will be procured through open market transactions and are expected to vary based on real-time market conditions, including share prices and trading volumes.
The company makes it clear that it holds no obligation to repurchase a specific number of ordinary shares; the program can also be adjusted, suspended, or terminated as needed without prior notification.
About Burford Capital
Burford Capital stands as a leading entity in the global finance and asset management community, with a special focus on the legal sector. Their business model embraces litigation finance, risk management, and various legal financial consultancy services. Notably, Burford is publicly traded both on the New York Stock Exchange (showcased as NYSE: BUR) and the London Stock Exchange (LSE: BUR). The firm operates globally, with offices strategically located in New York, London, Chicago, Washington D.C., Singapore, Dubai, and Hong Kong.
As part of the announcement, Burford highlighted that this share repurchase initiative is not an invitation to sell or solicit for any ordinary shares or securities of the firm. The information shared is intended to inform stakeholders about ongoing developments without constituting a formal investment offer or solicitation for purchase.
Moreover, when discussing the future outlook, Burford indicated that statements in this announcement incorporate forward-looking insights. Terms such as 'expect,' 'anticipate,' and 'project' signal forward-looking sentiments that could be subject to risks or uncertainties affecting actual results. The company encourages readers to consider these factors alongside their published reports and caution against undue reliance on any forward-looking statements.
For further inquiries about this repurchase program or investments, individuals can contact Burford Capital directly through their investor relations channels, which have dedicated representatives for both the Americas and regions in Europe, the Middle East, and Asia.
With this repurchase initiative, Burford Capital not only underscores its financial acumen but also reinforces its dedication towards fulfilling obligations to its workforce and enhancing shareholder value in a competitive landscape.
For more information about Burford Capital and their initiatives, visit their official website
www.burfordcapital.com.