Notification of major Interes

RNS Number : 5397Y

Burford Capital

23 December 2010

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Burford Capital Limited
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):	Placing				Yes
3. Full name of person(s) subject to the notification obligation: iii		Reservoir Capital Group, L.L.C. is the general partner or ultimate general partner of the holders of the shares (see Sections 4 and 9), and in such capacity has been granted discretionary investment management authority in respect of the assets of the holders of the shares, including with respect to the voting of securities
4. Full name of shareholder(s)  (if different from 3.):iv		The shareholders are: (1) Reservoir Capital Partners, L.P.; (2) Reservoir Capital Investment Partners, L.P.; and (3) Reservoir Capital Master Fund, L.P.
5. Date of the transaction and date on which the threshold is crossed or reached: v		10 December 2010
6. Date on which issuer notified:		23 December 2010
7. Threshold(s) that is/are crossed or reached: vi, vii		6%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

NPV GG00B4L84979

11,400,000

6.33%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

11,400,000

6.33%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The shares are held as follows: (1) Reservoir Capital Partners, L.P.- 6,156,000.00 shares/3.42%; (2) Reservoir Capital Investment Partners, L.P. - 2,838,600.00 shares/1.58%; and (3) Reservoir Capital Master Fund II, L.P. - 2,405,400.00 shares/1.33%
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Andrew Ip
15. Contact telephone number:	1 212 610 9075

 

END

 

 

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