Burford Capital Stock Price, News & Analysis

Burford Capital Limited announced on April 13, 2022, the purchase of 150,000 of its own ordinary shares by the Burford Capital Employee Benefit Trust (EBT). The purchases were executed in the open market over three days, with a total of 50,000 shares bought at an average price of 714.0631p per share. The shares will be used to fulfill obligations under the company’s 2016 Long Term Incentive Plan. This share buyback is significant as it showcases Burford’s commitment to managing employee benefits and may support stock price stability.

Burford Capital Limited announced the 2022 Annual General Meeting (AGM) will take place on May 18, 2022 at 9:00 AM BST in St. Peter Port, Guernsey. Registered shareholders have received the Notice of AGM along with the annual report for the year ending December 31, 2021. Details on proposed resolutions and voting procedures are included in the notice, which is accessible on Burford's website. The company specializes in legal finance and asset management, and its shares are publicly traded on both the NYSE and LSE.

Burford Capital has successfully closed a private offering of $360 million of 6.875% senior notes due 2030. The offering, completed on April 11, 2022, is facilitated by its subsidiary, Burford Capital Global Finance LLC. The proceeds will primarily be used for general corporate purposes, including debt repayment. The securities will not be registered under the US Securities Act and are exclusively offered to Qualified Institutional Buyers and non-US persons.

Burford Capital Limited announced the nomination of Christopher Arthur Halmy as an independent non-executive director, pending shareholder approval at the upcoming Annual General Meeting (AGM). Halmy, with significant financial experience including as CFO of Ally Financial, will enhance the Board's independent standing. This nomination aligns with Burford's commitment to achieving a majority of independent directors under the UK Corporate Governance Code by 2023. Upon election, the Board will meet this goal a year ahead of schedule.

On April 8, 2022, Burford Capital Limited announced share purchases by Chief Financial Officer Kenneth Brause and General Counsel Mark Klein. Brause acquired 5,280 shares, totaling 10,549 shares purchased since April 1, 2022. Klein purchased 2,696 shares. These transactions are part of Burford's employee deferred compensation plan, allowing employees to defer cash compensation into shares, thereby increasing their stake without immediate tax implications. This strategy promotes employee investment in Burford's future growth and aligns management interests with shareholders.

Burford Capital Limited announced the pricing of a private offering of $360 million in senior notes with a 6.875% interest rate due in 2030. This increase reflects a robust demand for the securities, which will be guaranteed by its wholly owned subsidiaries. The offering is expected to close on April 11, 2022. Funds from the offering will be utilized for general corporate purposes, primarily to repay existing indebtedness. The notes are structured for qualified institutional buyers and non-US persons.

Burford Capital Limited reports transactions by key managerial personnel, revealing details from its 2016 Long Term Incentive Plan. Significant grants and vestings occurred on April 5 and March 31, 2022, respectively. For example, Craig Arnott received 26,882 shares, while Christopher Bogart vested no shares but holds a total of 9,846,035 shares. The report also includes David Perla's purchase of 11,752 shares using his cash compensation. Additionally, Jonathan Molot transferred interests within family trusts, maintaining his overall share holding. Further information can be sourced from the company’s annual report.

Burford Capital announces a private offering of $350 million in senior notes due 2030. The offering is conducted by its wholly owned subsidiary, Burford Capital Global Finance LLC, and is subject to market conditions. The proceeds will be utilized for general corporate purposes, including potential debt repayment. Notably, the securities will not be registered under the US Securities Act and will only be offered to qualified institutional buyers and non-US persons. Burford is publicly traded under the ticker BUR on major exchanges.

Burford Capital Limited announced that its top executives, including CEO Christopher Bogart and CIO Jonathan Molot, invested $3 million in the company's stock between March 31 and April 1, 2022, through a deferred compensation plan. This brings Bogart and Molot's total investment to approximately $15 million since 2019, collectively controlling nearly 9% of Burford's shares. Additional investments are expected from other executives, including CFO Kenneth Brause and Co-COO David Perla. This strategy allows employees to defer cash compensation into Burford shares, enhancing their holdings.