Burford Capital Stock Price, News & Analysis

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.

Burford Capital has announced plans to purchase up to 600,000 ordinary shares, valued at approximately $5.5 million, to support its 2016 Long Term Incentive Plan and deferred compensation obligations. The share repurchases will be conducted on the open market as soon as practicable. This strategic move is aimed at fulfilling vested awards and enhancing the company's financial management. An announcement will follow the completion of each set of purchases.

Burford Capital reported its financial results for the year ending December 31, 2021, marking the first loss in its history amid significant new business. The firm generated over $1 billion in new commitments and deployed record capital from its balance sheet, despite slower case progression. As of year-end, Burford maintained solid liquidity and strong capital access, including the announcement of a $360 million private fund. Executives express optimism regarding the portfolio's potential, indicating that delays are timing-related and do not affect realizable values.

Burford Capital Limited (NYSE: BUR) has announced the successful close of a new $360 million private investment fund, the Burford Advantage Master Fund LP. This fund targets lower risk pre-settlement litigation investments with expected returns of 12-20% IRR. Burford retains any returns exceeding 10% after providing the first 10% to investors. With $300 million committed from institutional investors and a $60 million commitment from Burford, the fund's investment period runs until December 24, 2024.