Amigo Share News (AMGO)

Amigo grants exclusivity agreement to shareholder

(Sharecast News) - Amigo Holdings has granted a shareholder an exclusivity agreement to pursue financing options for the troubled business, the mid-cost lender confirmed on Friday.

LONDON MARKET OPEN: Tepid trade ahead of central banks; Croda slumps

(Alliance News) - Stock prices in Europe opened mostly lower on Friday, failing to replicate a rally seen on Wall Street, where stocks were spurred on by a weak US jobless claims reading that reinforced expectations that the Federal Reserve will decide against an interest rate hike.

IN BRIEF: Amigo CEO has resigned as struggling lender winds down

Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Chief Executive Officer Danny Malone resigns on Monday but will serve a six-month notice period. Back in March, Amigo announced a wind-down of the company, and subsidiary Amigo Loans Ltd stopped lending. Company anticipates wind-down will result in no value attributable to shareholders.

Amigo chief executive resigns

(Sharecast News) - The chief executive of Amigo Holdings has resigned, it was announced on Tuesday, as the mid-cost lender continued to be wound down.

LONDON MARKET MIDDAY: Stocks falter on US hike expectations and UK CPI

(Alliance News) - London's FTSE 100 traded lower on Wednesday at midday, hurt by a stubbornly high UK inflation reading and expectations for more interest rate hikes by both the Bank of England and the US Federal Reserve.

IN BRIEF: Amigo plunges as says no reason for recent share price surge

Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Notes recent movement in its share price and confirms that "it knows of no reason for this increase." Amigo shells fell by 29% to 0.68 pence each in London on Wednesday. Over the past five business days, the stock has surged from 0.14 pence.

IN BRIEF: Amigo says charges supporting loan notes have been satisfied

Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Says four charges created between March 13, 2017 and May 17, 2019 to support the issue of the 7.625% senior secured loan notes have been satisfied. This follows the redemption of the outstanding GBP50 million of the loan notes.

Amigo Holdings subsidiary to stop lending immediately amid wind-down

(Alliance News) - Amigo Holdings PLC said on Thursday its trading subsidiary Amigo Loans Ltd will stop lending immediately and is shutting down.

SMALL-CAP WINNERS & LOSERS: Amigo shares plunge on wind-down decision

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Amigo to be wound down

(Sharecast News) - Amigo Holdings is to be wound down, the embattled mid-cost lender confirmed on Thursday, after it failed to secure backing for a crucial capital raising.

SMALL-CAP WINNERS & LOSERS: Embattled Amigo hits 12-month low

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Amigo unlikely to reach equity capital requirement by May 26 deadline

(Alliance News) - Amigo Holdings PLC on Friday said it has not received sufficient investment interest to cover its equity capital requirement of GBP45 million.

Amigo leaves loss-making Irish business; pauses guarantor loan offer

(Alliance News) - Amigo Holdings PLC on Wednesday said it remained confident in the long-term viability of the guarantor model as it announced a pause to its guarantor loan offer due to higher acquisition cost per loan, as it said it exited its Irish business in February.

Amigo warns of challenges as capital raise talks continue

(Sharecast News) - Subprime lender Amigo Holdings warned on Wednesday that while conversion rates were improving, challenges remain and its current run rate for monthly originations remained in excess of £1.0m.

UK shareholder meetings calendar - next 7 days