Burford Capital Ltd 6-K, filed May 13, 2022
Burford Capital Ltd (BUR)
6-K
2022-05-13
For: 2022-05-13
View Original
Added on
April 12, 2026
About this 6-K
Burford Capital Ltd filed this 6-K on May 13, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2022
Commission File Number: 001-39511
BURFORD CAPITAL LIMITED
(Translation
of registrant’s name into English)
Oak House
Hirzel Street
St. Peter Port
Guernsey GY1 2NP
(Address
of principal executive office)
Indicate by check
mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an
attached annual report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report
or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which
the registrant is incorporated, domiciled or legally organized (the
registrant’s “home country”), or under the rules
of the home country exchange on which the registrant’s
securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been
distributed to the registrant’s security holders, and, if
discussing a material event, has already been the subject of a Form
6-K submission or other Commission filing on EDGAR.
This
report includes materials as an exhibit that have been made
available in respect of Burford Capital Limited as of May 13, 2022.
EXHIBIT INDEX
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Exhibit
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Description
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized.
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BURFORD CAPITAL LIMITED
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By:
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/s/ Mark Klein
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Name:
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Mark Klein
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Title:
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Chief Administrative Officer and General Counsel
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Date:
May 13, 2022
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Exhibit 99.1
13 May 2022
COMPLETED PURCHASES OF ORDINARY SHARES FOR
BURFORD EMPLOYEE DEFERRED COMPENSATION PLAN
Burford Capital Limited, the leading global finance and asset
management firm focused on law, today announces
the purchase of 29,278 of Burford's ordinary shares of nil par
value ("Shares") by Burford Capital LLC in connection with
obligations under the Burford
employee deferred compensation plan. All of the Shares were
purchased on the London Stock Exchange on May 12, 2022 at an
average price of 610.9253p per Share.
Burford announced on April 1, 2022, that it intended to purchase
Shares on the open market, among other things, in connection with
obligations under the Burford employee deferred compensation
plan.
It is expected that Burford's service providers will continue
purchasing the Shares for such purpose on the open market until it
has acquired approximately 468,000 Shares. This represents an
increase of approximately 18,000 Shares from the aggregate number
of Shares that was expected to be purchased for the Burford
employee deferred compensation plan at the time of Burford's
announcement on April 1, 2022 (less 150,000 Shares purchased to
satisfy vested
awards made under Burford Capital's 2016 Long Term Incentive
Plan as
previously announced on April 13, 2022) and is a result of final
information regarding elections by Burford employees pursuant to
the Burford employee deferred compensation
plan.
Further details about the Burford employee deferred compensation
plan can be found in Burford's Annual Report on Form 20-F for
the year ended December 31, 2021 filed with the US Securities
and Exchange Commission on March 29, 2022. In essence, Burford
employees are able to elect to defer cash compensation, without
incurring current taxes, into the Burford employee deferred
compensation plan, which in turn permits the full amount of that
deferred compensation to be allocated to the Shares (or for other
investment options). It is intended that, as previously announced,
the Burford employee deferred compensation plan will then buy the
Shares on the open market. This is a tax-efficient way for
employees to continue to accumulate exposure to the
Shares.
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
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+44
(0)20 3530 2023
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Jim Ballan, Head of Investor
Relations, Americas - email
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+1
(646) 793 9176
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For press inquiries:
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David Helfenbein, Vice President,
Public Relations - email
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+1
(212) 235 6824
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Numis Securities
Limited - NOMAD
and Joint Broker
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+44
(0)20 7260 1000
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Giles
Rolls
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Charlie
Farquhar
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Jefferies International
Limited -
Joint Broker
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+44
(0)20 7029 8000
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Graham
Davidson
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Tony
White
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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 principal offices in New York, London, Chicago,
Washington, DC, Singapore, Sydney and Hong
Kong.
For more information, please visit www.burfordcapital.com.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any ordinary shares or other
securities of Burford.
This release does not constitute an offer of any Burford
fund. Burford Capital
Investment Management LLC, which acts as the fund manager of all
Burford funds, is registered as an investment adviser with the US
Securities and Exchange Commission. The information provided herein
is for informational purposes only. Past performance is not
indicative of future results. The information contained herein 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 the 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, we and our
representatives may from time to time make other oral or written
statements which are forward-looking statements, including in our
periodic reports that we file with, or furnish to, the US
Securities and Exchange Commission, other information sent to our
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. We
caution you that forward-looking statements are not guarantees of
future performance and are based on numerous assumptions,
expectations, projections, intentions and
beliefs and
that our actual results of operations, including our financial
position and liquidity, and the development of the industry in
which we operate, 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 we expect include
those discussed under "Risk Factors" in our Annual Report on Form
20-F filed with the US Securities and Exchange Commission on March
29, 2022 and
other reports or documents that we file with, or furnish to, the US
Securities and Exchange Commission from time to time. In addition,
even if our results of operations, including our financial position
and liquidity, and the development of the industry in which we
operate are consistent with the forward-looking statements
contained in this announcement, those results of operations or
developments may not be indicative of results or developments in
subsequent periods.
Except as required by law, we undertake 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.