Burford Capital Stock Price, News & Analysis

Burford Capital, the leading global finance and asset management firm focused on law, has announced its upcoming 2025 Investor Day scheduled for Thursday, April 3, 2025, in New York City. The event will begin at 9:00 AM EDT and will feature presentations from the company's executive management team and key leaders.

The event will provide a comprehensive strategic update on Burford's business operations and serve as an introduction for new investors and analysts. While in-person attendance at the midtown Manhattan venue will be , interested parties can register for either physical attendance or access the event via live webcast, with replay options available.

Burford Capital has released its first Quarterly journal of 2025, focusing on innovative financial strategies in commercial disputes. The publication explores how businesses and law firms are transforming their approach to legal finance, including alternative billing structures and IP asset monetization.

The Quarterly features articles on legal finance innovation for law firms, healthcare antitrust opt-outs with focus on the upcoming March 2025 Blue Cross Blue Shield antitrust class actions deadline, IP potential in life sciences, and perspectives on international arbitration in London. The articles discuss how legal finance helps firms solve challenges, accelerate growth, and mitigate financial strain in high-cost litigation.

According to Aviva Will, President of Burford Capital, legal finance serves as a catalyst for innovation in the legal industry by providing capital, mitigating risk, and removing barriers for business growth.

Burford Capital, a global finance and asset management firm focused on law, has issued 528 new ordinary shares on December 23, 2024, in connection with its 2016 Long Term Incentive Plan (LTIP). These shares were issued to satisfy vested restricted stock units from December 20, 2024 awards. The shares will be admitted to trading on London Stock Exchange's AIM market around January 3, 2025, and will also be listed on the NYSE.

Following this issuance, Burford's total issued ordinary share capital stands at 220,091,851 shares, with 669,947 shares held in treasury. The total number of voting rights, excluding treasury shares, will be 219,421,904.

Burford Capital releases new research on energy transition disputes, revealing significant challenges businesses face as they shift to renewable energy. The study, based on insights from 300 GCs and heads of litigation across key industries, shows that 76% of GCs are already experiencing energy transition-related disputes, with 47% expecting further increases in the next decade. 63% of GCs anticipate legal fees exceeding $4 million per case, while 29% expect costs over $10 million. The research highlights that 77% of GCs predict increased contractual disputes, with 75% considering legal finance to offset dispute costs.

Burford Capital has announced the pound sterling conversion rate for its 2024 interim dividend. The previously declared dividend of 6.25 US cents per ordinary share will be paid on December 5, 2024, to shareholders of record as of November 1, 2024. For shareholders choosing to receive their dividend in pound sterling, the payment will be 4.845352 pence per ordinary share, calculated using an exchange rate of £1 = US$1.289896 set on November 6, 2024.

Burford Capital reported strong Q3 2024 results with record-breaking performance. The company achieved $556 million in Burford-only cash receipts YTD24 and $310 million in Q3 alone. Core portfolio net realized gains reached $184 million YTD24, up 49% from YTD23, with a return on invested capital of 94%. Q3 net income attributable to shareholders was $136 million, with tangible book value exceeding $10 per share for the first time. New commitments increased substantially in Q3 2024 compared to Q3 2023, while total portfolio value grew 4% to $7.48 billion.

Burford Capital addresses inaccurate media reporting regarding a U.S. Department of Justice (DOJ) court filing in the Petersen and Eton Park matters. The filing only addresses a narrow legal question about judgment enforcement and does not represent DOJ's broader position on the case against Argentina. The DOJ's view suggests that U.S. courts cannot compel Argentina to move property from Argentina to the United States for creditor attachment under New York law, though this remains an unsettled legal issue. The DOJ's opinion is not binding, and further legal proceedings will follow. Burford plans to provide additional updates during their earnings call.

Burford Capital (BUR) will release its financial results for Q3 2024 on Thursday, November 7, 2024, at 7:00am EST. The company will host a conference call for investors and analysts at 10:00am EST the same day. A live webcast will be available, and participants are encouraged to pre-register. An accompanying Q3 results presentation will be accessible on Burford's website before the call. The company has provided dial-in numbers for USA, Canada, and UK participants, with access code 1730316.

Burford Capital (BUR) has announced key information regarding its 2025 Annual General Meeting (AGM). Effective January 1, 2025, Burford will transition from a foreign private issuer to a US domestic issuer. The 2025 AGM is expected to be held in May 2025, with the company utilizing the SEC's notice-and-access method for meeting materials and proxy solicitation.

Important deadlines for shareholders include:

• December 13, 2024: Deadline for submitting shareholder proposals under Rule 14a-8
• January 15, 2025 to February 14, 2025: Period for submitting director nominations and other shareholder proposals

Shareholders must comply with Burford's articles of incorporation and SEC requirements for proposal submissions and director nominations. The company has provided alternative deadlines if the AGM date changes significantly.