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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| New Star | LSE:NSAM | London | Ordinary Share | GB00B1VJF742 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.90 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMNSAM
9th February 2009
New Star Asset Management Group PLC
On 11 December 2008, New Star announced the temporary suspension of dealings in
the New Star Heart of Africa Fund.
Since that announcement, the investment climate in the sub-Saharan African
equity markets has continued to deteriorate as the repercussions of the credit
crunch are felt more globally.
It has become increasingly apparent that to reopen the fund to dealing would
significantly disadvantage the remaining investors and after due consideration,
and in consultation with the FSA, it has been agreed that the most appropriate
course of action is to seek a winding-up of the fund.
New Star will provide further details to the Fund's investors shortly.
Ends
For further information please contact :
Jamie Legg, New Star UK public relations manager
Tel:0207 225 9567
END
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