🧾 What This Document Is

This is a Definitive Proxy Statement (DEF 14A) for Burford Capital. Think of it as a detailed agenda and voter guide for the company's annual shareholder meeting. It's sent to shareholders so they can make informed decisions on the proposals listed, like electing directors and approving payments.

👉 Why it matters: As a shareholder, your vote counts. This document tells you what you're voting on and who is running the company, so you can decide if the leadership and plans align with your interests as an owner.

🏢 What The Company Does

Burford Capital is a specialty finance company focused on legal finance. In simple terms, they provide funding for lawsuits and legal cases in exchange for a share of any settlement or judgment.

Business Model: They act like an investor for legal claims. They pay for legal costs upfront for a law firm or corporation, and in return, they get a portion of the money if the case wins. If the case loses, Burford loses its investment.
Industry: This is part of the broader "alternative asset" and litigation funding industry. It's a niche but growing field, especially for large, complex lawsuits.

💰 Financial Highlights & Dividend

While this proxy doesn't contain a full earnings report, it highlights key financial actions and figures:

Dividend Declaration: The board recommends paying a final dividend of 6.25¢ (US cents) per ordinary share. This will be paid on June 12, 2026, to shareholders on record as of May 22, 2026.
Auditor Fees: The company paid its auditor, KPMG LLP, total fees of $6.022 million for the year ended December 31, 2025. This includes audit and audit-related services.

🚀 Key Moves & Proposals

The main purpose of the meeting is to vote on 16 resolutions. Here are the most important ones:

Director Elections (Resolutions 1-7): Shareholders will vote to elect or re-elect seven directors. This includes co-founder and CEO Christopher Bogart and a new nominee, Rick Noel.
"Say-on-Pay" (Resolution 12): An advisory vote to approve the compensation of the named executive officers. This lets shareholders signal if they think executive pay is appropriate.
Shareholder Approvals (Resolutions 13-16): Routine but important authorizations for the board to issue new shares and buy back existing shares, which gives the company financial flexibility.

⚖️ Big Picture: Governance & Structure

Burford has a unique corporate setup that shareholders need to understand:

Domicile: The company is incorporated in Guernsey (a British Crown Dependency), not the UK or US.
Dual Listing: Its shares trade on the NYSE and also on the AIM market of the London Stock Exchange. This means it must follow rules from both the US SEC and UK/Guernsey regulators.
Board Composition: The board is a mix of executive leaders (like CEO Bogart) and independent non-executive directors with deep finance and legal backgrounds, providing oversight.

👥 Leadership & Board

The proxy provides detailed bios for all directors and executive officers.

Board Nominees: The seven nominees are Rukia Baruti Dames, Christopher Bogart, Pamela Corrie, Robert Gillespie, Christopher Halmy, Rick Noel, and John Sievwright (Chair).
Executive Team: Key officers include CEO Christopher Bogart, CFO Jordan Licht, and Co-Founder & CIO Jonathan Molot.
Related Party Transactions: Several executives have personal investments in Burford's private funds. For example, CEO Bogart and Co-Founder Molot each committed $1,000,000 to one fund.

📅 What's Next & Key Dates

Annual General Meeting (AGM): Wednesday, May 13, 2026, at 9:00 a.m. British Summer Time.
Location: Oak House, Hirzel Street, St. Peter Port, Guernsey.
Record Date: You must have been a shareholder by the close of business on March 16, 2026, to vote.
Voting Deadline: Shareholders are encouraged to vote in advance, even if planning to attend.

🧠 The Analogy

Investing in Burford is like investing in a specialized venture capital fund for lawsuits. You're backing a team of experts (the board and management) who bet on legal cases. This proxy is your annual check-up on that fund: you're deciding if the expert team stays in place, reviewing their pay, and approving the basic rules of how they manage the fund's capital.

📇 Key Contacts & People

Chair of the Board: John Sievwright
Chief Executive Officer: Christopher Bogart
Chief Financial Officer: Jordan Licht
General Counsel: Mark Klein
For AGM Logistics: To register to attend, email [email protected]
For Shareholder Inquiries: Write to Burford Capital Limited, Oak House, Hirzel Street, St. Peter Port, Guernsey GY1 2NP.
For Dividend Currency Election: Computershare Trust Company NA, P.O. Box 43006, Providence, Rhode Island 02940-3006.

🧩 Final Takeaway

This proxy is your tool to oversee Burford's leadership and major governance decisions. The key actions are approving the board's director slate, the dividend, and the company's financial authorities. By voting, you help shape the oversight of this unique legal finance business.

Burford Capital Ltd — DEF 14A Filing