Last checked at 8 Jul 2020 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
8 July 2020
Amigo Holdings PLC
("Amigo" or the "Company")
Appointment of Glen Crawford as CEO
Amigo, a leading provider of guarantor loans in the UK, is pleased to announce that Glen Crawford will be re-joining the Company as Chief Executive Officer and a member of the board.
Subject to obtaining the necessary regulatory approvals, it is intended that Mr. Crawford's appointment will take effect from 1 August 2020.
Roger Lovering, Acting Chairman of Amigo, said:
"I am delighted that Glen has decided to re-join the company. He is a natural choice and brings experience and leadership to the company at this challenging time."
Mr. Crawford was appointed Chief Executive Officer of the Company in February 2016 and of Amigo Loans Ltd and Amigo Management Ltd in October 2015, but stepped down as Chief Executive Officer during April 2019 in order to undertake medical treatment. During his period as Chief Executive Officer of Amigo, Mr Crawford secured full FCA authorisation for the business and then led it through a period of significant growth, developed and optimised its funding structures, was responsible for the IPO of the business in July 2018 and for its first full year results as a public company for the year to March 2019.
Mr. Crawford commented:
"I am pleased to have this opportunity to step back into the driving seat at Amigo with the support of the board. I remain confident that with Amigo's excellent team pulling together, we can successfully navigate through the challenges facing the business and get back to focussing on meeting the day to day needs of our present and future customers, who are otherwise excluded from obtaining credit."
There are no additional matters requiring disclosure under Rule 9.6.13 of the UK Listing Rules.
Contacts:
Company
Amigo Holdings PLC investors@amigo.me
Kate Patrick Head of Investor Relations
Roger Bennett Company Secretary
Media
Hawthorn Advisors amigo@hawthornadvisors.com
Lorna Cobbett Tel: +44 (0)20 3745 4960
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for this announcement is Roger Bennett, Company Secretary.
Senior Secured Notes
This announcement constitutes notice by Amigo Luxembourg S.A. (the "Issuer") to the holders of the Issuer's 7.625% Senior Secured Notes due 2024 (for the notes issued pursuant to Rule 144A of the United States Securities Act of 1933, ISIN: XS1533928468 and Common Code: 153392846; for the notes issued pursuant to Regulation S of the United States Securities Act of 1933, ISIN: XS1533928625 and Common Code: 153392862) (the "Notes") issued pursuant to pursuant to Section 4.03(a)(3) of an indenture dated January 20, 2017 among, inter alia, the Issuer, the guarantors named therein and U.S. Bank Trustees Limited, as trustee and security agent. Amigo Holdings PLC is the indirect parent company of the Issuer. This announcement shall constitute a "Report" to holders of the Notes.
ENDS