TIDMBUR
RNS Number : 8003F
Burford Capital Limited
12 July 2023
12 July 2023
BURFORD CAPITAL ANNOUNCES RESULTS OF THE 2023 AGM AND BOARD
SUCCESSION PLAN
Burford Capital Limited ("Burford"), the leading global finance
and asset management firm focused on law, today announces that all
of the resolutions proposed at its 2023 annual general meeting
("AGM") were adopted with substantial majorities, with the details
of the votes set forth in the table below. In addition, Burford
provides an update on the implementation of the succession plan for
its board of directors (the "Board"), a new policy on tenure for
non-executive directors and expected future roles of non-executive
directors on the Board and the committees of the Board.
For the past several years, Burford has implemented, often ahead
of its own schedule, the Board strategic plan to which it initially
committed on August 15, 2019 and further detailed on February 27,
2020 and in subsequent announcements. That plan included the phased
rotation of the entire membership of the Board. With three of
Burford's four founding non-executive directors now retired and
with Chairman Hugh Steven Wilson retiring at the 2024 AGM, Burford
has delivered the plan it laid out for an orderly rotation of the
Board.
Looking ahead, Burford sets forth the expected plan for the
future of the Board.
-- At the 2024 AGM:
o Hugh Steven Wilson will retire as Chairman and a
non-executive director
o John Sievwright, a director since 2020, is expected
to become Chairman and to serve in that role until
the 2027 AGM, at which time he will retire from the
Board
o Christopher Halmy, a director since 2022, is expected
to become Vice Chairman and to serve in that role
until the 2027 AGM, at which time he is expected
to become Chairman
-- A policy will be introduced requiring directors to retire
at the AGM immediately following their 72(nd) birthday
-- Board committee chairs:
o Mr Halmy, who became chair of the audit committee
following the 2023 AGM, is expected to continue to
serve in that role until the 2027 AGM, at which time
he will leave the audit committee to take on the
role of Chairman
o Mr Sievwright is expected to continue to serve as
chair of the compensation committee until the 2027
AGM, at which time Mr Halmy is expected to assume
that role
o Robert Gillespie, a director since 2020, is expected
to become chair of the nominating and governance
committee following Mr Wilson's retirement from the
Board at the 2024 AGM and, following Mr Gillespie's
retirement from the Board at the 2027 AGM, Rukia
Baruti, a director since 2022, is expected to assume
that role
The foregoing plans are subject to subsequent amendment in the
event of unforeseen circumstances.
The votes received are detailed below:
Ordinary Resolutions Total votes Total Total
for votes against votes withheld
1. To receive the accounts of Burford
for the year ended December 31,
2022 and the report of the directors
and the external auditor thereon 122,633,460 292 104,492
------------ --------------- ----------------
2. To re-elect Hugh Steven Wilson
as director 111,962,812 10,389,527 385,905
------------ --------------- ----------------
3. To re-elect Rukia Baruti as
director 122,699,802 8,634 29,808
------------ --------------- ----------------
4. To re-elect Christopher Bogart
as director 122,709,401 3,508 25,335
------------ --------------- ----------------
5. To re-elect Robert Gillespie
as director 117,589,531 5,118,604 30,109
------------ --------------- ----------------
6. To re-elect Christopher Halmy
as director 121,538,703 813,335 386,206
------------ --------------- ----------------
7. To re-elect John Sievwright
as director 122,653,851 54,284 30,109
------------ --------------- ----------------
8. To re-appoint Ernst & Young
LLP as Burford's external auditor 121,748,159 981,946 8,139
------------ --------------- ----------------
9. To authorize the directors to
agree upon the remuneration of
the external auditor 122,529,342 100,280 108,622
------------ --------------- ----------------
10. To authorize the directors
to allot and/or issue ordinary
shares in Burford up to a specified
amount 121,186,649 1,526,951 24,644
------------ --------------- ----------------
11. To authorize Burford to make
market acquisitions of its ordinary
shares up to a specified amount 122,639,913 48,992 49,339
------------ --------------- ----------------
Special Resolutions
12. To authorize the directors
to allot and/or issue equity securities
for cash without making a pre-emptive
offer to shareholders (subject
to the limitations set forth in
the resolution) 121,625,071 1,089,883 23,290
------------ --------------- ----------------
13. To authorize the directors
to allot and/or issue equity securities
for cash without making a pre-emptive
offer to shareholders (subject
to the limitations set forth in
the resolution) for an acquisition
or specified capital investment 121,552,226 1,155,327 30,691
------------ --------------- ----------------
For further information, please contact:
Burford Capital Limited
For investor and analyst inquiries:
Robert Bailhache, Head of Investor Relations, +44 (0)20 3530
EMEA and Asia - email 2023
Jim Ballan, Head of Investor Relations, Americas +1 (646) 793
- email 9176
For press inquiries:
David Helfenbein, Vice President, Public Relations +1 (212) 235
- email 6824
Numis Securities Limited - NOMAD and Joint +44 (0)20 7260
Broker 1000
Giles Rolls
Charlie Farquhar
+44 (0)20 7029
Jefferies International Limited - Joint Broker 8000
Graham Davidson
Tony White
+44 (0)20 3207
Berenberg - Joint Broker 7800
Toby Flaux
James Thompson
Arnav Kapoor
About Burford Capital
Burford Capital is the leading global finance and asset
management firm focused on law. Its businesses include litigation
finance and risk management, asset recovery and a wide range of
legal finance and advisory activities. Burford is publicly traded
on the New York Stock Exchange (NYSE: BUR) and the London Stock
Exchange (LSE: BUR), and it works with companies and law firms
around the world from its offices in New York, London, Chicago,
Washington, DC, Singapore, Dubai, Sydney and Hong Kong.
For more information, please visit www.burfordcapital.com.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy any ordinary shares or other
securities of Burford.
This announcement does not constitute an offer of any Burford
private fund. Burford Capital Investment Management LLC, which acts
as the fund manager of all Burford private funds, is registered as
an investment adviser with the US Securities and Exchange
Commission. The information provided in this announcement is for
informational purposes only. Past performance is not indicative of
future results. The information contained in this announcement is
not, and should not be construed as, an offer to sell or the
solicitation of an offer to buy any securities (including, without
limitation, interests or shares in any of Burford private funds).
Any such offer or solicitation may be made only by means of a final
confidential private placement memorandum and other offering
documents.
Forward-looking statements
This announcement contains "forward-looking statements" within
the meaning of Section 21E of the US Securities Exchange Act of
1934, as amended, regarding assumptions, expectations, projections,
intentions and beliefs about future events. These statements are
intended as "forward-looking statements". In some cases,
predictive, future-tense or forward-looking words such as "aim",
"anticipate", "believe", "continue", "could", "estimate", "expect",
"forecast", "guidance", "intend", "may", "plan", "potential",
"predict", "projected", "should" or "will" or the negative of such
terms or other comparable terminology are intended to identify
forward-looking statements, but are not the exclusive means of
identifying such statements. In addition, Burford and its
representatives may from time to time make other oral or written
statements which are forward-looking statements, including in its
periodic reports that Burford files with, or furnishes to, the US
Securities and Exchange Commission , other information made
available to Burford's security holders and other written
materials. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors because
they relate to events and depend on circumstances that may or may
not occur in the future. Burford cautions you that forward-looking
statements are not guarantees of future performance and are based
on numerous assumptions , expectations, projections, intentions and
beliefs and that Burford's actual results of operations, including
its financial position and liquidity, and the development of the
industry in which it operates, may differ materially from (and be
more negative than) those made in, or suggested by, the
forward-looking statements contained in this announcement.
Significant factors that may cause actual results to differ from
those Burford expects include, among others, those discussed under
"Risk Factors" in Burford's annual report on Form 20-F for the year
ended December 31, 2022 filed with the US Securities and Exchange
Commission on May 16, 2023 and other reports or documents that
Burford files with, or furnishes to, the US Securities and Exchange
Commission from time to time . In addition, even if Burford's
results of operations, including its financial position and
liquidity, and the development of the industry in which it operates
are consistent with the forward-looking statements contained in
this announcement, those results of operations or developments may
not be indicative of results of operations or developments in
subsequent periods.
Except as required by law, Burford undertakes no obligation to
update or revise the forward-looking statements contained in this
announcement, whether as a result of new information, future events
or otherwise.
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END
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July 12, 2023 05:37 ET (09:37 GMT)
Burford Capital (AQSE:BUR.GB)
過去 株価チャート
から 4 2024 まで 5 2024
Burford Capital (AQSE:BUR.GB)
過去 株価チャート
から 5 2023 まで 5 2024
