New Star staff lock-in ends in September

Under terms of the acquisition finalised this morning, the select group of New Star staff will receive the £4.2m package of cash and new issued shares, subject to certain conditions, after 30 September. It is understood the preference share lock-in arrangements for key staff ends after this date, however a Henderson spokesperson says individual contracts with certain staff may have been drawn up. Key staff likely to be in the lock-in deal include Guy de Blonay and Richard Pease. On 2 February, New Star chief executive Howard Covington confirmed. Investment Week