Statement re. Press Speculation
December 09 2008 - 10:08AM
UK Regulatory
RNS Number : 8254J
New Star Asset Management Group PLC
09 December 2008
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
9 December 2008
New Star Asset Management Group PLC ("New Star" or the "Company")
Statement regarding press speculation
The Board of New Star notes the recent press speculation regarding the possible interest of third parties in acquiring the Company's
business. New Star is committed to pursuing its proposed capital restructuring, details of which were announced on 3 December 2008. New Star
has, however, received a number of expressions of interest from third parties in acquiring the Company's business and is now considering
possible strategic alternatives which may include a sale of the Company's business. There can, however, be no certainty that any such
transaction will be forthcoming. For the avoidance of doubt, New Star has not had any discussions with any party regarding an offer for the
Company's ordinary shares.
In the meantime, New Star continues to pursue the implementation of its proposed capital restructuring.
Further announcements will be made in due course, if appropriate.
Enquiries:
UBS Investment Bank 020 7567 8000
Jim Renwick
John Humphrey
Citigate Dewe Rogerson
Anthony Carlisle 020 7638 9571 (office) and 07973 611888 (mobile)
UBS Limited ("UBS Investment Bank") is acting as financial adviser to New Star and is not acting for any other person in relation to the
matters referred to in this announcement. UBS will not be responsible to anyone other than New Star for providing the protections afforded
to its clients nor for providing advice in relation to the contents of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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