Burford Capital : TR1 - Notification of Major Holdings

TR1 - Notification of Major Holdings

Released : 16 March 2020

RNS Number : 3227G

Burford Capital Limited

16 March 2020

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer andto the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of

existing shares to which voting rights are attachedii:Burford Capital Limited

1b. Please indicate if the issuer is a non-UK issuer	(please mark with an "X" if appropriate)
Non-UK issuer		X

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights							X
An acquisition or disposal of financial instruments							X
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name					Coltrane Asset Management, L.P.
City and country of registered office (if applicable)		Grand Cayman, Cayman Islands
4. Full name of shareholder(s) (if different from 3.)v
Name					Coltrane Master Fund, L.P.
City and country of registered office (if applicable)		Grand Cayman, Cayman Islands
5. Date on which the threshold was crossed or reachedvi:	March 10, 2020
6. Date on which issuer notified (DD/MM/YYYY):		March 16, 2020
7. Total positions of person(s) subject to the notification obligation
		% of voting rights		% of voting rights through financial			Total number
			Total of both in % (8.A	of voting
		attached to shares			instruments
				+ 8.B)		rights of
		(total of 8. A)			(total of 8.B 1 + 8.B 2)
						issuervii
Resulting situation on
the date on which		1.93%			2.26%		4.19%	218,649,877
threshold was
crossed or reached
Position of previous

notification (if	N/A	5.22%	5.22%
applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of	Number of voting rightsix		% of voting rights
shares	Direct		Indirect		Direct		Indirect
ISIN code (if possible)
(Art 9 of		(Art 10 of Directive 2004/109/EC) (DTR5.2.1)		(Art 9 of Directive		(Art 10 of Directive
	Directive				2004/109/EC) (DTR5.1)		2004/109/EC)
	2004/109/EC)						(DTR5.2.1)
	(DTR5.1)
Ordinary Shares	N/A		4,233,740		N/A		1.93%
(ISIN:GG00B4L84979)
SUBTOTAL 8. A		4,233,740			1.93%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial	Expiration	Exercise/	Number of voting rights that may	% of voting
be acquired if the instrument is
instrument	datex	Conversion Periodxi	rights
exercised/converted.
N/A	N/A	N/A	N/A	N/A
		SUBTOTAL 8. B 1	N/A	N/A

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial	Expiration	Exercise/	Physical or	Number of
Conversion	cash	% of voting rights
instrument	date	x	voting rights
Period xi	settlementxii
Equity CFD		N/A	N/A	CASH	4,946,260	2.26%
				SUBTOTAL	4,946,260	2.26%
				8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Fullchain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling naturalX person or legal entityxiv (please add additional rows as necessary)

	% of voting rights if it	% of voting rights
	through financial
Namex v	equals or is higher	Total of both if it equals or is higher than the
instruments if it equals
than the notifiable	notifiable threshold
	or is higher than the
	threshold
	notifiable threshold

Coltrane Asset

Management, L.P.

Mandeep Manku

Coltrane Domestic Fund,

L.P.

Coltrane Offshore Fund,

L.P.

Coltrane Asset

Management Holdings, Ltd.

Coltrane GP, LLC

Coltrane Master Fund, L.P.

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Place of completion	New York, NY
Date of completion	March 16, 2020

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