Business
Transition to US Domestic Issuer Status
Transition to US Domestic Issuer Status.
About this update from Burford Capital Limited
[{"type":"text","content":"\n\n \nAugust 5, 2024\n \n \nBurford Capital Announces Transition to US Domestic Issuer Status\n \nBurford Capital Limited (\"Burford\"), the leading global finance and asset management firm focused on law, today announces that effective January 1, 2025, it will become a US domestic issuer after determining that Burford's US ownership exceeds 50% of its issued and outstanding ordinary shares as of June 30, 2024. As a result, Buford will no longer qualify as a \"foreign private issuer\", as defined under the US Securities Act of 1934, as amended. As a US domestic issuer, Burford will be required, among other things, to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K with the US Securities and Exchange Commission and to comply with US proxy requirements and Regulation FD.\n \nThis is the culmination of more than five years of planning and methodical steps towards this end result, which Burford believes maximizes its investability in the US public market, the world's largest. Along the way, after listing on the New York Stock Exchange in October 2020, Burford has implemented US generally accepted accounting principles, adopted a quarterly versus semi-annual reporting cadence and been added to the Russell 3000® and 2000® Indexes, among other interim steps leading to this outcome.\n \nThis development has no impact on the status of Burford's ordinary shares, which will continue to be fully dual-listed on both the New York Stock Exchange and the London Stock Exchange.\n \n \nFor further information, please contact:\n \n\n\n\n\nBurford Capital Limited\n\n\n\n\n\n\n\nFor investor and analyst inquiries:\n\n\n\n\n\n\n\nAmericas: Josh Wood, Head of Investor Relations - email\n\n\n+1 212 516 5824\n\n\n\n\nEMEA & Asia: Rob Bailhache, Head of EMEA & Asia Investor Relations - email\n\n\n+44 (0)20 3530 2023\n\n\n\n\nFor press inquiries:\n\n\n\n\n\n\n\nDavid Helfenbein, Vice President, Public Relations - email\n\n\n+1 (212) 516 5824\n\n\n\n\n\n\n\n\n\n\n\n\nDeutsche Numis - NOMAD and Joint Broker\n\n\n+44 (0)20 7260 1000\n\n\n\n\nGiles Rolls\n\n\n\n\n\n\n\nCharlie Farquhar\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJefferies International Limited - Joint Broker\n\n\n+44 (0)20 7029 8000\n\n\n\n\nGraham Davidson\n\n\n\n\n\n\n\nJames Umbers\n\n\n\n\n\n\n\n\n\n...