other material
confidence high
sentiment positive
materiality 0.55
Burford authorizes $20M share buyback and buys back $57.2M of 6.125% 2025 bonds
Burford Capital Ltd
- Board authorized up to $20M share repurchase to fund deferred compensation plan obligations; open market purchases under Rule 10b-18.
- Repurchased $57.2M principal amount of 6.125% bonds due Aug 2025; purchased bonds will be cancelled.
- Outstanding 2025 bonds reduced to $122.8M after cancellation; issuer may make further purchases.
- Share repurchase limited to 21.86M shares under existing shareholder authority; program may be modified or terminated at any time.