Proposal21 Aug 2020 19:21
Today I am therefore asking the board of Amigo to publicly agree to the following changes:
Replacement of Nayan Kisnadwala with a capable CFO within the next 30 days.
Removal of Roger Lovering immediately and appointment of one of the remaining iNEDs as Non Exec Chair.
Retention of Glen as CEO of Amigo Loans Ltd, the FCA Authorised subsidiary of Amigo Holdings PLC.
Formation of a functional board of Amigo Loans Ltd, comprising Glen as CEO; INEDs Richard, Gary and Jonathan; and the new CFO. This UK board will discharge corporate governance functions expected by the FCA of an FCA Authorised UK lender.
Appointment of me, James Benamor as CEO of Amigo Holdings PLC, the ultimate parent company which is not FCA Authorised.
Formation of PLC board comprising me as CEO, along with the new CFO, and iNeds Richard, Gary and Jonathan.