Appointment of Joint Broker

RNS Number : 2211R

Burford Capital

18 August 2010

 



18 August 2010

Appointment of Joint Broker

Burford Capital Limited (LSE: BUR) ("the Company" or "Burford Capital"), the commercial dispute investor, is pleased to announce the appointment of Execution Noble as the Company's joint broker with immediate effect.  Execution Noble will work alongside Fox-Pitt, Kelton in a joint brokership capacity.

For further information, please contact:

Fox-Pitt, Kelton Limited	Nomad and broker
Jonny Franklin-Adams	[phone]
Execution Noble	Joint Broker
Richard Crawley	[phone]
Nigel Morris-Jones
Financial Dynamics
Rob Bailhache	[phone]
Nick Henderson	[phone]
www.burfordcapital.com

About Burford Capital

Burford Capital's strategy is to create and manage a portfolio of commercial dispute financing investments diversified by duration, claim type, geography and a number of other variables, with the aim of providing shareholders with attractive levels of dividends and capital growth.  The Company expects returns to be uncorrelated to general equity market performance.

In the short term, the Company's focus is on commercial disputes in the United States and on international arbitration matters; in the medium term, the Company may expand its focus to other attractive and suitable jurisdictions.

In the absence of unforeseen circumstances, the Company anticipates that the net proceeds of its October 2009 IPO should be fully committed within 18 to 24 months of the IPO.

Burford Group Limited acts as Investment Adviser to the Company.  The principals of Burford Group Limited are Christopher Bogart, Selvyn Seidel and Jonathan Molot.  Mr. Seidel has 40 years of experience as a practising litigator and chaired a variety of litigation and arbitration activities and cases for one of the largest law firms in the world.  Mr. Bogart has been a practising litigator, the general counsel of a Fortune 50 corporation managing a portfolio of litigation, and an investment manager.  Mr. Molot has been a practising litigator, a senior advisor to the Obama Administration, a law school professor, and one of the leading US experts in litigation finance and risk transfer.

The Company is chaired by Sir Peter Middleton, former Group Chairman and Group Chief Executive of Barclays Bank plc. Sir Peter is currently UK Chairman of Marsh & McLennan Companies, Chairman of Camelot Group plc and Chairman of the Centre for Effective Dispute Resolution, and also chaired a review of Civil Justice for the Blair Government.

 

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