NSAI Newstar AB Inc

    RNS Number : 8194U
  New Star Absolute Return Fund PCC 
  19 May 2008
   

    NEW STAR ABSOLUTE RETURN FUND PCC LIMITED
    (A closed-ended investment company incorporated in Guernsey with registered number 45060 under the provisions of The Companies
(Guernsey) Law 1994 to 1996 and the Protected Cell Companies Ordinance 1997 to 1998, as amended)
    19th May 2008

    TRANSACTION IN OWN SHARES

    New Star Absolute Return Fund PCC Limited (the "Company") announces that on 19th May 2008 it purchased the number of shares at the
prices set out below; the resulting share capital per class is also set out in the table below 


                Shares repurchased  Shares repurchased  Repurchase price    Resulting share
                  and cancelled        and held in                         capital excluding
                                         treasury                            shares held in
                                                                                treasury
 Income Shares        63,000               n/a                                 7,384,940
                                                              GBP 0.9610

 Growth Shares                                 150,000     GBP1.0326           11,443,881
                               n/a



    All Growth Shares repurchased as at 19th May 2008 will be held in treasury and all Income Shares repurchased as at 19th May 2008 will be
cancelled. This brings the total number of Income and Growth Shares held in treasury to 800,000 and 704,000 respectively.

    All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the
Company is 18,828,821 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency
Rules.


    Enquiries:

    Alison Bilham, HSBC Securities Services (Guernsey) Limited
    Tel: +44 (0) 1481 707213 

    Susan Walker, KPMG Corporate Finance - nominated adviser
    Tel: +44 (0) 20 7311 1000

    KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated by the Financial Services Authority for investment
business activities, is acting for the Company as nominated adviser in relation to the matters set out in this announcement and is not
acting for any other person in relation to these matters. KPMG Corporate Finance will not be responsible to anyone other than Company for
providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement. 
    Ends
This information is provided by RNS
The company news service from the London Stock Exchange
 
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