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Regulatory announcements and presentations

Regulatory news

Information on this page is updated via a feed from the London Stock Exchange’s Regulatory News Service. Stories will open in a popup window.

Briefing papers

Date Description Download
15 May 2020 Burford statement on High Court decision  Burford Capital Statement On High Court decision on access to LSE trading data
15 May 2020 Burford Capital v London Stock Exchange approved judgment Burford Capital v London Stock Exchange approved judgment
26 March 2020 Burford v LSE - Claimant's skeleton argument for trial Burford v LSE - Claimant's skeleton argument for trial
23 March 2020 Second report of Wim Nelen Second report of Wim Nelen
11 February 2020 Report of Wim Nelen Report of Wim Nelen
11 February 2020 Second report of Professor Mitts Second report of Professor Mitts
11 February 2020 Witness statement of Richard Charles East – Quinn Emanuel witness statement of Richard Charles East – Quinn Emanuel
27 September 2019 Witness statement of Richard Charles East – Quinn Emanuel Witness statement of Richard Charles East – Quinn Emanuel
27 September 2019 Report of Professor Mitts Report of Professor Mitts
23 September 2019 Burford Capital briefing on fair value and return computations Burford Capital briefing on fair value and return computations
2 September 2019 Burford Capital chronology of Napo investment Burford Capital chronology of Napo investment
8 August 2019 Response to short attack Response to short attack

 

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Shareholder FAQs

Burford is a pioneering capital provider to the global legal industry and the leader in litigation finance.

WHAT ARE BURFORD CAPITAL’S CORPORATE DETAILS?

Burford Capital Limited was incorporated on 11 September 2009 in Guernsey with company registration number 50877. Its shares trade on the Alternative Investment Market of the London Stock Exchange under ticker BUR; ISIN GG00B4L84979. Its registered office is Regency Court, Glategny Esplanade, St Peter Port, Guernsey GY1 1WW.

As Burford Capital Limited is not incorporated in the UK, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company. The Company is subject to the UK City Code on Takeovers and Mergers.

Burford Capital Limited and its committees are responsible for the governance of the group of companies.

ON WHICH EXCHANGE IS BURFORD CAPITAL LISTED AND WHAT IS THE TICKER?

Burford Capital’s shares trade on the Alternative Investment Market of the London Stock Exchange under the ticker symbol BUR. 

WHO ADVISES BURFORD CAPITAL?

Click here to see a list of our Advisors.

HOW OFTEN DOES BURFORD CAPITAL REPORT RESULTS?

The annual report and accounts covering the year ended 31 December each year are dispatched within six months of that date. Shareholders also receive an unaudited interim report covering the six-month period ended 30 June each year, which is dispatched within three months of that date. Burford’s reporting currency is US dollars.

WHAT IS BURFORD CAPITAL’S DIVIDEND POLICY?

Each year, once the prior year’s financial results are known, the Burford Board reviews the company’s profits, cash generation and cash needs, and recommends a dividend level to shareholders for consideration at Burford’s AGM. With the exception of unusual circumstances, Burford’s goal is to pay a dividend that provides an appealing dividend yield yet also encourages reinvestment in the business to produce capital appreciation. Given the unusual situation associated with the COVID-19 pandemic in early 2020, the Board decided not to recommend a final dividend for 2019.

DO THE SHARES OF BURFORD CAPITAL QUALIFY FOR UK BUSINESS PROPERTY RELIEF?

We are regularly asked by UK investors whether Burford’s shares qualify for UK Business Property Relief (“BPR”) for inheritance tax purposes. Burford cannot of course provide you with tax or other financial planning advice, and you should consult your own advisors rather than rely on what is stated here, but we provide the below comments in an effort to assist you in your own analysis.

We are not aware of any case where Her Majesty’s Revenue & Customs (HMRC) has rejected Burford’s shares as qualifying for BPR.

That is not, however, a complete answer. AIM shares like Burford’s are eligible for consideration for BPR. Unfortunately, the manner in which HMRC determines an ultimate position appears to be on a case-by-case basis. In other words, as part of the process for executing the will or administering the estate of a person who has died, a local HMRC agent will make his or her own individual assessment, which may or may not be consistent with an assessment made by another agent. There appears to be no HMRC master list of AIM-listed companies whose shares are eligible for BPR and there is no mechanism for obtaining an advance ruling.

In our view, it is not possible for any company to provide investors with an assurance that their shares will qualify for BPR.

DOES THE COMPANY HAVE AN EMPLOYEE SHARE INCENTIVE PLAN?

Yes, the company has a long-term incentive plan designed to align employee incentives with those of shareholders. Details about the plan can be found here. The Remuneration Committee determines eligibility for awards and oversees the operation and administration of the plan.

 

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DISCLAIMER

This section of Burford’s website is intended for the use of Burford’s public investors and is required to be provided under AIM Rule 26. Burford also maintains a separate private funds business. Information presented here is not intended for the use of private fund investors, nor is it presented in the appropriate form for such investors. Moreover, Burford does not present this information as a solicitation of private fund investment, which occurs only through appropriate offering documents.