TIDMBUR

RNS Number : 3980K

Burford Capital Limited

25 August 2023

24 August 2023

Released via Form 6-K on August 24, 2023 and queued for release via RNS upon its reopening on August 25, 2023.

US SEC CLOSES COMMENT LETTER REVIEW

Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today provides an update on the comment letter review by the staff of the US Securities and Exchange Commission (the "SEC").

As previously disclosed in our annual report on Form 20-F for the year ended December 31, 2022 and in our quarterly report furnished on Form 6-K for the three months ended March 31, 2023, the SEC staff issued comment letters with respect to its review of our annual report on Form 20-F for the year ended December 31, 2021 filed with the SEC on March 29, 2022 relating to, among other things, our approach to fair value accounting for our capital provision assets in consideration of ASC 820.

Following our engagement and correspondence with the SEC staff, we are pleased to report that on August 24, 2023 the SEC staff confirmed that they have completed their review with no further comments. Burford's accounting approach to fair value of capital provision assets will remain as previously disclosed.

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 
    - email                                                +1 (646) 793 9176 
   For press inquiries: 
   David Helfenbein, Vice President, Public Relations 
    - email                                                +1 (212) 235 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 .

Important information

This notice does not constitute, or form a part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor.

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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August 25, 2023 02:00 ET (06:00 GMT)

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