Amigo Holdings PLC - Bournemouth, England-based guarantor loan provider - Requests suspension of trading in its shares on the London Main Market to prevent "asymmetric information" entering the market during the court hearing on Monday and Tuesday for its proposed scheme of arrangement. The scheme is to settle customer claims following probes from UK regulators into mis-sold loans. At a meeting earlier this month, 88% of Amigo creditors approved the scheme, though 83% also approved a back-up scheme to wind down the company.
Current stock price: 6.29 pence
12-month change: down 66%
By Tom Waite; thomaslwaite@alliancenews.com
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Amigo (AMGO)