New Star proposes return of capital following LSE listing
New Star is proposing a £1.25 per share return of capital to shareholders, following its planned LSE...
New Star is proposing a £1.25 per share return of capital to shareholders, following its planned LSE listing in June 2007.
Annual results for 2006 released today show the company’s net revenue is up 41% to £133.9m from £95.1m in 2005, with assets under management up 26% to £22.8bn at 31 December 2006.
John Duffield, chairman at New Star, said the company’s first full year as a quoted public company has been one of record organic growth in retail business, and good returns both to customers and shareholders.
Duffield said the Board is recommending a final dividend of 5p per share, bringing the first full year payment to 9p per share.
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