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.
On Thursday last week, it said Peel Hunt will cease to act as broker on April 29 following wind-down of Amigo. Earlier in late-March, it also said its trading subsidiary Amigo Loans Ltd will stop lending immediately and is shutting down. It said the wind-down of the business will last for around 12 months, during which the existing loan book will continue to be collected.
Current stock price: 0.22 pence, up 10%
12-month change: down 96%
By Greg Rosenvinge, Alliance News reporter
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Amigo (AMGO)