TIDMBUR2 TIDMBUR1
RNS Number : 6667F
Burford Capital PLC
19 May 2017
The information contained herein is not for release, publication
or distribution in or into the United States, Australia, Canada,
Japan, South Africa, the Republic of Ireland or in any other
jurisdiction where it is unlawful to distribute this document. The
information contained herein may only be released, published or
distributed in the United Kingdom, Jersey, the Bailiwick of
Guernsey and the Isle of Man in accordance with the applicable
regulatory requirements.
SEE "IMPORTANT INFORMATION" BELOW
19 May 2017
BURFORD CAPITAL PLC
5% STERLING BONDS DUE 2026
Sizing Announcement
Terms used herein shall have the meaning given to them in the
Prospectus dated 11 May 2017 (the "Prospectus") relating to the
Bonds.
This announcement constitutes the Sizing Announcement as
referred to in the Prospectus and must be read in conjunction with
the Prospectus.
The Offer Period relating to the Bonds closed at 11.30am (London
time) on 18 May 2017. Accordingly, Bonds can no longer be
subscribed for pursuant to the offer and acceptances can no longer
be withdrawn.
In accordance with Article 8(1) of the Prospectus Regulation,
the Issuer is pleased to confirm the following in connection with
the offer of the Bonds:
Issue Date: 1 June 2017
Total principal amount GBP 175,000,000
of Bonds:
Estimated net proceeds GBP 172,812,500
of the offer:
Estimated expenses GBP 2,187,500
relating to the offer:
Authorised Offerors
AJ Bell Securities Limited
Equiniti Financial Services Limited
Hargreaves Lansdown
Interactive Investor Trading Limited
Redmayne-Bentley LLP
Smith & Williamson
For further information, please contact:
Peel Hunt LLP (Lead Manager on +44 (0) 20
the Bond) 7418 8900
Adrian Bell
Mark Glowrey
Henrietta Podd
Neustria Partners - Financial +44 (0)20 3021
Communications for Burford Capital 2580
Robert Bailhache [email]
Charles Gorman [email]
Nick Henderson [email]
About Burford Capital PLC
Burford Capital PLC is a special purpose financing vehicle
created to issue Burford's 2014 and 2016 retail bonds and an
indirect wholly-owned subsidiary of Burford Capital Limited.
About Burford Capital
Burford Capital is a leading global finance 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's equity and debt securities are 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, visit
www.burfordcapital.com
Notes to Editors:
ABOUT THE BONDS
1. The Bonds may not be suitable for all investors. Investors
should ensure that they fully understand the risks and seek
independent advice.
2. Investors should note that the market price of the Bonds can
rise and fall during the life of the investment and that the price
of Bonds could fall below the issue price of GBP100.
3. In the event that either Burford or any of its direct or
indirect subsidiaries defaults, becomes insolvent or goes out of
business, investors may lose some or all of their investment.
4. Burford Capital PLC has previously raised GBP90m and GBP100m
through issues of bonds listed on the London Stock Exchange's Order
Book for Retail Bonds in 2014 and 2016 respectively ("Existing
Bonds").
5. The Bonds will rank pari passu with the Existing Bonds.
IMPORTANT INFORMATION
This announcement is an advertisement and is not a prospectus
for the purposes of EU Directive 2003/71/EC, as amended (the
"Directive"), and/or Part VI of the Financial Services and Markets
Act 2000 (the "FSMA"). A prospectus dated 11 May 2017 (the
"Prospectus") has been prepared and made available to the public as
required by Part VI of the FSMA. Investors should not subscribe for
any Bonds referred to in this announcement except on the basis of
information in the Prospectus. Full information on Burford Capital
plc and the offer of the Bonds is only available on the basis of
the combination of the Prospectus and this announcement, which have
been published by Burford Capital plc on the Regulatory News
Service operated by the London Stock Exchange. Investors may obtain
copies of the Prospectus on the website of the Regulatory News
Service.
The restriction on financial promotions contained in section
21(1) of the Financial Services and Markets Act 2000 does not apply
to this announcement by virtue of article 70(1A) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended.
The offering and the distribution of this announcement and other
information in connection with any offer in certain jurisdictions
may be restricted by law and persons into whose possession this
announcement or any document or other information referred to
herein comes should inform themselves about and observe any such
restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction.
This announcement does not constitute or form part of any offer
or invitation to sell, or any solicitation of any offer to
purchase. Any purchase of Bonds pursuant to any offer should only
be made on the basis of the information contained in the
Prospectus, available as described above.
The Bonds have not been and will not be registered under the US
Securities Act of 1933, as amended, (the "Securities Act") and,
subject to certain exceptions, may not be offered, sold or
delivered within the United States or to, or for the account or
benefit of U.S. persons. The Bonds are being offered and sold
outside of the United States in reliance on Regulation S of the
Securities Act, and are subject to certain U.S. tax law
requirements. There will be no public offering in the United
States.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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