Statement re New Portfolio Financing Transaction

RNS Number : 7728M

Burford Capital

01 August 2017

 

1 August 2017

STATEMENT RE:  NEW PORTFOLIO FINANCING TRANSACTION

Burford Capital Limited ("Burford"), a leading global finance and investment management firm focused on law, today issued the following statement:

It is Burford's practice regularly to release marketing and promotional news that is not financially material to Burford's business using media channels other than RNS.  Such news is included on Burford's web site, often appears in the legal trade press and is an important part of Burford's client acquisition and marketing strategy.

Yesterday, Burford and a UK law firm, Shepherd and Wedderburn, jointly announced a portfolio financing transaction, the details of which can be found on Burford's web site and which is believed to be the first such transaction with a pure UK law firm.  That transaction is not financially material to Burford and is part of the normal course of our business.  Nonetheless, we are delighted to have announced the transaction and to be working with Shepherd and Wedderburn to explore the benefits of portfolio finance for the firm's growing practice.

For further information, please contact:

Macquarie Capital (Europe) Limited - NOMAD and Joint Broker	[phone]
Jonny Allison
Nicholas Harland
Liberum Capital Limited - Joint Broker	[phone]
Richard Crawley
Jamie Richards
Numis Securities Limited - Joint Broker	[phone]
Charlie Farquhar
Andrew Holloway
Neustria Partners - Financial Communications for Burford Capital	[phone]
Robert Bailhache [email]
Charles Gorman [email]
Nick Henderson [email]
Burford Capital Limited	[phone]
Elizabeth O'Connell, CFA, Managing Director

About Burford Capital

Burford Capital is a leading global finance and investment 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 London Stock Exchange, and it works with law firms and clients around the world from its principal offices in New York, London and Chicago.

For more information about Burford: www.burfordcapital.com

 

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