Burford Capital Statement on Invesco Shareholding (6691L)
April 20 2018 - 9:48AM
UK Regulatory
TIDMBUR
RNS Number : 6691L
Burford Capital
20 April 2018
This announcement contains inside information.
20 April 2018
BURFORD CAPITAL STATEMENT ON INVESCO SHAREHOLDING
Burford Capital Limited ("Burford" or "the Company"), the
leading global finance and investment management firm focused on
law, has been informed by Invesco Perpetual ("Invesco") that it has
completed a block sale of approximately 2.59 million shares of
Burford's common stock.
Following this sale, Invesco owns 17.78% of Burford and its
shareholding remains a core position in Invesco's funds. Invesco
has further informed Burford that its position is now a manageable
size which Invesco is comfortable maintaining in the context of its
funds.
Christopher Bogart, Burford's Chief Executive Officer,
commented:
"Burford is incredibly grateful for Invesco's longstanding
support. When we launched this business as a start-up in a nascent
market, Invesco had the courage not merely to back our concept, but
to ensure that our IPO succeeded, initially taking a 45% stake in
the business.
"Since then, Invesco has remained a steadfast and supportive
shareholder throughout Burford's evolution. However, it is not
optimal for a public company to have that degree of ownership
concentration, and Invesco has slowly reduced its stake over time
to less than half of its original position, allowing Burford to
engage many new shareholders and increase daily equity liquidity
substantially to the benefit of all shareholders.
"We are very pleased that Invesco has completed this recent
stock sale which allows for further diversification of Burford's
ownership as well as taking Invesco to a comfortable level of
shareholding."
The person responsible for arranging for the release of this
announcement on behalf of the Company is Elizabeth O'Connell, Chief
Financial Officer.
For further information, please contact:
Burford Capital Limited
Elizabeth O'Connell, CFA, Chief +1 212 235
Financial Officer 6825
Macquarie Capital (Europe) Limited +44 (0)20 3037
- NOMAD and Joint Broker 2000
Jonny Allison
Nicholas Harland
Liberum Capital Limited - Joint +44 (0)20 3100
Broker 2222
Richard Crawley
Jamie Richards
Numis Securities Limited - Joint +44 (0)20 7260
Broker 1000
Charlie Farquhar
Jonathan Abbott
Neustria Partners - Financial +44 (0)20 3021
Communications for Burford Capital 2580
Robert Bailhache [email]
Charles Gorman [email]
Nick Henderson [email]
About Burford Capital
Burford Capital is a leading global finance and investment
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 London Stock Exchange, and it works with law firms and
clients around the world from its principal offices in New York,
London, Chicago and Singapore.
For more information about Burford: www.burfordcapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLPGUCCCUPRGWU
(END) Dow Jones Newswires
April 20, 2018 09:48 ET (13:48 GMT)
Burford Capital (LSE:BUR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Burford Capital (LSE:BUR)
Historical Stock Chart
From Apr 2023 to Apr 2024