Amigo Resources Regulatory News (AMGO)

3 April 2023

Amigo Holdings PLC

Update on Senior Secured Loan Notes

Amigo Holdings PLC ("Amigo" or "the Company"), a provider of mid-cost credit in the UK, announces that in line with the statements made on 23 February 2023, the Company received confirmation on 31 March 2023 that the four charges created between 13 March 2017 and 17 May 2019 to support the issue of the 7.625% Senior Secured Loan Notes ("Loan Notes") have been satisfied following the redemption of the outstanding £50 million of the Loan Notes. The satisfaction notices have been filed at Companies House.

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

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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.