Burford Capital Limited announced on October 17, 2024, that it will no longer qualify as a 'foreign private issuer' under US Securities Exchange Act of 1934, effective January 1, 2025. The company will instead be considered a US domestic issuer, reflecting a shift in its equity ownership towards US-based investors.
This change will necessitate adjustments to Burford's reporting and disclosure practices, aligning them with US domestic issuer standards. The company expects to hold its 2025 annual general meeting in May 2025, with specific details to be provided in its proxy statement.
The transition is a significant step in Burford's corporate evolution, potentially enhancing its appeal to a wider range of US investors. It underscores the growing importance of the US market to Burford's operations and shareholder base.
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