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12 Jul 2019 16:13
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
FOR IMMEDIATE RELEASE
12 July 2019
Amigo Holdings PLC ("Amigo" or the "Company")
RESULTS OF 2019 ANNUAL GENERAL MEETING
Amigo Holdings PLC (LSE: AMGO), the leading provider of guarantor loans in the UK, announces that at the Company's 2019 Annual General Meeting ("AGM") held earlier today at the Hilton Bournemouth, Terrace Road, Bournemouth BH2 5EL, all the resolutions set out in the Notice of Annual General Meeting 2019 were passed by way of a poll.
In accordance with Listing Rule 9.6.2R, copies of all the resolutions passed other than resolutions concerning ordinary business will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/nsm.
A summary of the poll results in respect of each resolution is set out below.
We confirm that Roger Bennett was appointed as Company Secretary on 12 July 2019, prior to the AGM.
On behalf of the Board:
Roger Bennett
Company Secretary
12 July 2019
ANNUAL GENERAL MEETING - 12 JULY 2019
VOTING RESULTS
Resolution | NUMBER OF VOTESFOR | % FOR | NUMBER OF VOTESAGAINST | % AGAINST | TOTAL SHARES VOTED | % OF ISC VOTED | NUMBER OF VOTESWITHHELD | |
1 | Receive accounts for year ended 31 March 2019 | 402,643,858 | 100.00 | 0 | 0.00 | 402,643,858 | 84.71% | 64,238 |
2 | Approve Directors' Remuneration Report | 390,493,027 | 97.17 | 11,361,183 | 2.83 | 401,854,210 | 84.54% | 853,884 |
3 | Approve Remuneration Policy | 401,379,017 | 99.70 | 1,226,746 | 0.30 | 402,605,763 | 84.70% | 102,332 |
4 | Declare final dividend of 7.45p | 402,708,096 | 100.00 | 0 | 0.00 | 402,708,096 | 84.72% | 0 |
5 | To elect Nayan Kisnadwala as a Director | 402,422,921 | 99.93 | 285,175 | 0.07 | 402,708,096 | 84.72% | 0 |
6 | To elect Roger Lovering as a Director | 402,705,709 | 100.00 | 2,387 | 0.00 | 402,708,096 | 84.72% | 0 |
7 | To elect Richard Price as a Director | 402,253,971 | 99.89 | 454,125 | 0.11 | 402,708,096 | 84.72% | 0 |
8 | To elect Clare Salmon as a Director | 402,422,921 | 99.93 | 285,175 | 0.07 | 402,708,096 | 84.72% | 0 |
9 | To elect Stephan Wilcke as a Director | 401,427,560 | 99.68 | 1,279,593 | 0.32 | 402,707,153 | 84.72% | 942 |
10 | Appoint KMPG as auditor | 402,708,096 | 100.00 | 0 | 0.00 | 402,708,096 | 84.72% | 0 |
11 | Authority to set remuneration of auditor | 402,703,034 | 100.00 | 5,062 | 0.00 | 402,708,096 | 84.72% | 0 |
12 | Authority to make political donations | 402,708,096 | 100.00 | 0 | 0.00 | 402,708,096 | 84.72% | 0 |
13 | Approve 2019 Share Incentive Plan | 402,420,246 | 99.93 | 287,850 | 0.07 | 402,708,096 | 84.72% | 0 |
14 | Approve 2019 Save as you Earn Option Plan | 402,705,709 | 100.00 | 2,387 | 0.00 | 402,708,096 | 84.72% | 0 |
15 | Approve 2019 Long Term Incentive Plan | 401,834,075 | 99.78 | 874,020 | 0.22 | 402,708,095 | 84.72% | 0 |
16 | Authority for Directors to allot shares | 402,688,137 | 100.00 | 19,959 | 0.00 | 402,708,096 | 84.72% | 0 |
17 | Dis-application of pre-emption rights | 402,708,096 | 100.00 | 0 | 0.00 | 402,708,096 | 84.72% | 0 |
18 | Further dis-application of pre-emption rights | 401,682,137 | 99.75 | 1,025,958 | 0.25 | 402,708,095 | 84.72% | 0 |
19 | Authority for the Company to purchase own ordinary shares | 401,800,606 | 99.78 | 902,427 | 0.22 | 402,703,033 | 84.72% | 5,062 |
20 | Authority to call a general meeting other than an AGM on not less than 14 days notice | 402,301,484 | 99.90 | 406,612 | 0.10 | 402,708,096 | 84.72% | 0 |
The Company also announces, in respect of resolutions 6 to 9, the result of the 'independent shareholders' vote on the election of independent Non-Executive Directors as follows:
Resolution | NUMBER OF VOTESFOR | % FOR | NUMBER OF VOTESAGAINST | % AGAINST | TOTAL SHARES VOTED | % OF ISC VOTED | NUMBER OF VOTESWITHHELD | |
6 | 111,684,556 | 100.00 | 2,387 | 0.00 | 111,686,943 | 60.60% | 0 | |
7 | 111,232,818 | 99.59 | 454,125 | 0.41 | 111,686,943 | 60.60% | 0 | |
8 | 111,401,768 | 99.74 | 285,175 | 0.26 | 111,686,943 | 60.60% | 0 | |
9 | 110,406,407 | 98.85 | 1,279,593 | 1.15 | 111,686,000 | 60.60% | 942 | |
Notes:
1. Percentage of voting shares is the percentage of shares voted and excludes shares on which votes were withheld.
2. Total number of ordinary shares in issue as at the date of the AGM is 475,333,760
3. Following the declaration of the final dividend by shareholders at today's AGM, a dividend of 7.45 pence per Ordinary Share of 0.25 pence in the Company for the financial year ended 31 March 2019 shall be paid on 31 July 2019 to those ordinary shareholders registered at the close of business on 19 July 2019 (the record date).
Additional Information
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
Contacts:
Hawthorn Advisors amigo@hawthornadvisors.com Tel: 020 3745 4960
Lorna Cobbett
Victoria Ainsworth
Notes to Editors:
About Amigo Loans
Amigo Holdings PLC ("Amigo" or the "Company") is listed on the main market of the London Stock Exchange (ticker: AMGO). Amigo is the leading provider of guarantor loans in the UK and offers access to mid-cost credit to those who are unable to borrow from traditional lenders due to their credit histories.
The guarantor loan concept introduces a second individual to the lending relationship, typically a family member or friend with a stronger credit profile than the borrower. This individual acts as guarantor, undertaking to make loan payments if the borrower does not.
Amigo was founded in 2005 and has grown to become the UK's largest provider of guarantor loans. In the process, Amigo's guarantor loan product has allowed borrowers to rebuild their credit scores and improve their ability to access credit from mainstream financial service providers in the future.
Amigo is a mid-cost credit provider with one simple and transparent product - a guarantor loan at an APR of 49.9%, with no fees, early redemption penalties or any other charges.
Amigo Loans Ltd and Amigo Management Services Ltd are authorised and regulated in the UK by the Financial Conduct Authority (FCA).
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