Burford Capital Responds to Proxy Recommendations
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types that would require a detailed analysis. It appears to be a general corporate update regarding a proxy solicitation, which does not have a significant impact on the company's operations or financials.
Key Points
- Burford Capital responds to ISS recommendation to vote against re-election of two directors
- Company argues ISS' analysis is based on a misunderstanding of facts
- Glass Lewis supports re-election of Halmy and Gillespie to the Board of Directors
- Company also asks shareholders to vote in favor of its executive compensation
Summary
Burford Capital Limited (BUR) has issued an RNS providing additional details in response to a recommendation by Institutional Shareholder Services (ISS) regarding the proposals included in the company's definitive proxy statement. ISS has recommended that shareholders vote against the re-election of two directors, Christopher Halmy and Robert Gillespie, which Burford disagrees with. The company is asking shareholders to disregard ISS' recommendation and re-elect both directors.