SEC continues to review Burford Capital’s registration statement
Burford is beginning preparation for US listing now so that in the event of SEC approval the shares can begin to trade on the NYSE.
Finance and asset management firm Burford Capital Limited (LON:BUR) today provided an update on its plan to establish a listing for its equity in the US in addition to the UK.
Burford explains that the US Securities and Exchange Commission (SEC) continues to review its registration statement. Assuming SEC approval, the New York Stock Exchange has approved Burford’s shares for listing on the NYSE under the ticker BUR, subject to customary listing conditions
Although the SEC process is continuing, as there is a multi-week period of administrative preparation that is necessary, Burford is beginning that preparation now so that in the event of SEC approval the shares can begin to trade on the NYSE.
To enable trading on both the NYSE and AIM, certain mechanical and administrative matters will need to occur. In particular, all shareholders will need to elect whether they wish future trading of their Burford shares to settle through CREST or DTC.
