The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAmigo Regulatory News (AMGO)

Share Price Information for Amigo (AMGO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.265
Bid: 0.25
Ask: 0.28
Change: 0.00 (0.00%)
Spread: 0.03 (12.00%)
Open: 0.265
High: 0.265
Low: 0.265
Prev. Close: 0.265
AMGO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AGM Statement

27 Sep 2023 07:00

RNS Number : 7408N
Amigo Holdings PLC
27 September 2023
 

27 September 2023

Amigo Holdings PLC

("Amigo" or the "Company")

 

Annual General Meeting Statement

Amigo Holdings PLC (LSE: AMGO), a provider of mid-cost credit in the UK that is currently in an orderly solvent wind down will hold its Annual General Meeting ("AGM") today. At the meeting the following statement will be made:

"The situation facing the Company remains challenging for all stakeholders. The Company continues to progress the orderly wind down of the business, ensuring we are able to maximise payments to redress creditors, under the Scheme of Arrangement approved in May 2022 (the "Scheme"), whilst continuing to provide the best level of service possible to our customers and support for our staff.

The Company is solvent as a result of the arrangements put in place following the sanction of the Scheme and by virtue of the fact that it is supported by its subsidiary, Amigo Loans Ltd. Amigo Loans Ltd is required under the Scheme to liquidate once it has returned all net assets to its creditors. After the liquidation of Amigo Loans Ltd, Amigo Holdings Plc, the ultimate parent company, will be insolvent as it has no resources of its own. We anticipate this will happen in the next few months. Under the applicable rules the listing of Amigo Holdings PLC on the London Stock Exchange would be automatically cancelled upon the appointment of a liquidator to Amigo Holdings PLC.

Since the Group started to wind-down the Company has been open to any expression of interest from third parties in all or any assets of the business. The Company continues to be open to viable expressions of interest in all parts of the business. However, in this context, should there not emerge, very soon, a viable alternative solution, the Company will need to hold a separate General Meeting, in which shareholder approval will be sought to delist the Company from the London Stock Exchange and to enter the Company into a Members Voluntary Liquidation. In such a situation there will be no value remaining for to shareholders."

Access to the Annual General Meeting

Amigo Holdings PLC will be holding the Company's Annual General Meeting today at the Bournemouth Highcliff Marriott Hotel, 105 St Michael's Road, Bournemouth BH2 5DU at 13.30. A live webcast will also be available via Zoom using: 

Join Zoom Meeting https://us02web.zoom.us/j/86485387012?pwd=ZGM1YUFGclJoY3Ftc0h2Y0RlVXVzQT09

 

Meeting ID: 864 8538 7012

Passcode: 533423

 

The person responsible for this announcement is Roger Bennett, Company Secretary.

ENDS

 

Enquiries

Company

 

Amigo Holdings PLC

Roger Bennett

Company Secretary 

 

 

Media enquiries 

Amigoloans@lansons.com

Ed Hooper

Louis Wilson

07783 387713

 07950 970366

About Amigo Loans

Amigo is a public limited company registered in England and Wales with registered number 10024479. The Amigo Shares are listed on the Official List of the London Stock Exchange. On 23 March 2023 Amigo announced that it has ceased offering new loans, with immediate effect, and would start the orderly solvent wind-down of the business. Amigo provided guarantor loans in the UK from 2005 to 2020 and unsecured loans under the RewardRate brand from October 2022, offering access to mid‐cost credit to those who are unable to borrow from traditional lenders due to their credit histories. Amigo's back book of loans is in the process of being run off with all net proceeds due to creditors under a Court approved Scheme of Arrangement. Amigo Loans Ltd and Amigo Management Services Ltd are authorised and regulated in the UK by the Financial Conduct Authority.

Additional Information

This announcement is not intended to, and does not, constitute or form part of any offer, invitation, or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell, or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
AGMUNSNROKUKUAR
Date   Source Headline
20th Jan 20214:35 pmRNSPrice Monitoring Extension
11th Jan 20215:00 pmRNSPDMR Dealing
21st Dec 20207:00 amRNSPotential Scheme of Arrangement
9th Dec 20202:30 pmRNSPDMR Dealing
8th Dec 20207:00 amRNSEmployee Benefit Trust share dealing
7th Dec 20202:30 pmRNSBoard updates
2nd Dec 20207:01 amRNSGrant of Long Term Incentive Plan (“LTIP”)
2nd Dec 20207:00 amRNSDirector and PDMR Dealing
1st Dec 20201:46 pmRNSPDMR Dealing
27th Nov 20201:00 pmRNSDirector and PDMR Dealing
27th Nov 202012:30 pmRNSFunding Update
26th Nov 20207:00 amRNSHalf-year Report
19th Nov 20207:00 amRNSAppointment of Non-executive director
18th Nov 20204:40 pmRNSSecond Price Monitoring Extn
18th Nov 20204:35 pmRNSPrice Monitoring Extension
11th Nov 20204:30 pmRNSUpdate on Board Changes
11th Nov 20202:00 pmRNSPDMR Dealing
10th Nov 20207:00 amRNSBoard change and Senior Management update
9th Nov 20207:00 amRNSBoard change
4th Nov 20204:45 pmRNSTR-1: Form for notification of major holdings
3rd Nov 20207:00 amRNSUpdate on Complaints and Complaints VReq with FCA
19th Oct 20207:00 amRNSAsset Voluntary Requirement with the FCA
13th Oct 20207:00 amRNSUpdate on appointment of Chair and Board change
12th Oct 20203:48 pmRNSPDMR dealing
12th Oct 20202:01 pmRNSBoard changes
12th Oct 20208:00 amRNSAn open letter to Shareholders from the CEO
9th Oct 202011:00 amRNSEmployee SAYE scheme and PDMR shareholding
5th Oct 20206:15 pmRNSUpdate on Waiver of Lock-up Arrangements
1st Oct 20201:05 pmRNSDirector and PDMR Dealing
30th Sep 20205:00 pmRNSWaiver of Lock-up Arrangements
29th Sep 202011:01 amRNSResults of General Meeting
29th Sep 202011:00 amRNSResults of Annual General Meeting
29th Sep 20207:00 amRNSAGM Statement
24th Sep 202011:06 amRNSUpdate on General Meeting
23rd Sep 20202:10 pmRNSUpdate on CEO Succession
11th Sep 20207:00 amRNSNotice of General Meeting and Posting of Circular
10th Sep 20202:10 pmRNSHolding(s) in Company
10th Sep 202012:41 pmRNSPDMR Dealing
8th Sep 20209:45 amRNSHolding(s) in Company
7th Sep 20209:49 amRNSHolding(s) in Company
7th Sep 20207:00 amRNSResponse to Social Media Speculation
4th Sep 202010:20 amRNSHolding(s) in Company
4th Sep 20207:00 amRNSNotice of 2020 Annual General Meeting ('Notice')
3rd Sep 202010:19 amRNSHolding(s) in Company
2nd Sep 202010:43 amRNSHolding(s) in Company
1st Sep 20202:43 pmRNSDirector/PDMR Dealing
1st Sep 20209:49 amRNSHolding(s) in Company
28th Aug 20204:40 pmRNSSecond Price Monitoring Extn
28th Aug 20204:35 pmRNSPrice Monitoring Extension
28th Aug 202011:05 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.