Business
Proposed Placing
Proposed Placing.
About this update from Burford Capital Limited
[{"type":"text","content":"\n \nRNS Number : 3454I Burford Capital 20 March 2018 \n\nNOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION, INCLUDING THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nPROPOSED PLACING OF UP TO 8.68 MILLION ORDINARY SHARES IN BURFORD CAPITAL LIMITED (THE \"COMPANY\" OR \"BURFORD\") BY CHRISTOPHER BOGART AND JONATHAN MOLOT\n \n \n20 March 2018\n \nBURFORD CAPITAL LIMITED\n \nProposed Placing of up to 8,680,000 ordinary shares in Burford\nby Christopher Bogart and Jonathan Molot\n \nBurford Capital Limited (\"Burford\" or \"the Company\"), a leading global finance and investment management firm focused on law, today announces that it has been informed that Christopher Bogart and Jonathan Molot (together, the \"Sellers\") are proposing to sell up to 4.4 and 4.3 million ordinary shares in the Company, respectively, one-third of their holdings (the \"Placing Shares\"), in aggregate representing approximately 4.2% per cent. of the Company's issued share capital.\n \nThe Placing Shares are being offered by way of an accelerated bookbuild (the \"Placing\"), which will be launched immediately following this announcement. Numis Securities Limited (\"Numis\") and Joh. Berenberg, Gossler & Co. KG, London Branch (\"Berenberg\") are acting as Joint Bookrunners in connection with the Placing.\n \nChristopher Bogart, Burford's Chief Executive Officer, commented:\n\"Jon and I have not sold a single share of stock in the more than eight years we have been running Burford, and it is with some reluctance that we are selling some now given our enthusiasm for the future of the business. However, given that we preach the benefit of a diversified portfolio strategy for Burford, it seemed imprudent for us not to create some liquidity after all this time, although we are continuing to hold a considerable majority of our ...