99.98 Percent Of New Star Asset Management's Shareholders Approve Cancellation Of Share Quote

New Star Asset Management shareholders overwhelmingly voted in favour of the company's decision to delist its shares as part of its takeover by fund manager Henderson Group. 99.98% of shareholders approved the proposed cancellation of its share quote on the

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New Star Asset Management shareholders overwhelmingly voted in favour of the company’s decision to delist its shares as part of its takeover by fund manager Henderson Group.

99.98% of shareholders approved the proposed cancellation of its share quote on the Official List and to trading on the London Stock Exchange.

Trading in the shares will stop at the close of business on 9 March.

Henderson last month agreed to buy New Star for 115 million cash including preference shares and debt.

The offer price is 2p in cash for each New Star share, which values equity of New Star post-completion of a proposed financial restructuring at approximately 21.6 million.

Following the acquisition, Henderson is expected to become the 5th largest UK retail fund manager with in excess of 15 billion of funds under management.

L.D.

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