Burford
21 July 2014
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.
BURFORD CAPITAL PLC LAUNCHES 6.50% STERLING GUARANTEED BONDS DUE 2022
Burford Capital Limited ("Burford"), announces that Burford Capital PLC (the "Issuer"), which is a wholly-owned indirect subsidiary of Burford, has today launched an offer of 6.50% sterling bonds due 2022 (the "Bonds") which will be guaranteed by Burford.
The Bonds will pay a fixed rate of interest of 6.50% per annum. Interest will be payable twice yearly on 19 February and 19 August in each year, with the first coupon payment being made on 19 February 2015. The Bonds will mature on 19 August 2022. The Bonds have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter.
At any time during the life of the Bonds, investors are permitted to sell the Bonds (within market hours and in normal market conditions) on the open market through their stockbroker.
The Bonds are expected to be listed on the Official List of the UK Listing Authority and admitted to trading on the regulated market of the London Stock Exchange. The Bonds are also expected to be eligible for the London Stock Exchange's electronic Order Book for Retail Bonds.
For further information, please contact:
FTI Consulting - PR for Burford Capital
Edward Berry +44 (0)20 3727 1046
Laura Ewart +44 (0)20 3727 1160
Canaccord Genuity - Lead Manager on the Issue
Adrian Bell +44 (0) 20 7523 8017
Henrietta Podd +44 (0)20 7523 8020
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.
3. In the event that a member of Burford defaults, becomes insolvent or goes out of business, investors may lose some or all of their investment.
IMPORTANT INFORMATION
This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended, and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). The Prospectus (as defined below) 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.
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 who come into possession of this announcement or any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities law of any 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 dated 21 July 2014 relating to the Bonds which contains important risk factors and which can be obtained at Burford's website (www.burfordcapital.com/investor-relations/bonds) and the London Stock Exchange plc's website (www.londonstockexchange.com/newissues).
The Bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act"). Subject to certain exceptions, the Bonds 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. There will be no public offering in the United States.
