REG - Amigo Holdings PLC - Amigo Holdings PLC: Liquidation of subsidiaries

Amigo HoldingsAnnouncement

Today 07:00

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RNS Number : 2963B  Amigo Holdings PLC  30 September 2025

FOR IMMEDIATE RELEASE

30 September 2025

 

Amigo Holdings PLC

("Amigo" "PLC" or the "Company")

Update

 

As previously announced on 17 September 2025, all of Amigo's subsidiaries have
today appointed Chris Laverty and Sean Croston of Grant Thornton UK Advisory
& Tax LLP (the "Liquidators") as joint liquidators to carry out (solvent)
members' voluntary liquidations of the Company's subsidiaries
("Subsidiaries").

Before this process began, the Subsidiaries transferred all available cash
amounting to approximately £740,000 ("Surplus"), to Amigo. In return, Amigo
has agreed to indemnify the Liquidators and the Subsidiaries against all costs
and expenses associated with winding up the affairs of the Subsidiaries and
dissolving these entities by way of solvent liquidations. These costs and
expenses are expected to total around £290,000, leaving Amigo with
approximately £450,000 ("Funds").

The Funds will be used to cover Amigo's minimal ongoing operating expenses and
support its continued efforts to identify a suitable reverse takeover target.
Importantly, the Funds arose as the costs of making and administering a
further Scheme Payment (to the approximately 135,000 Scheme Creditors under
the redress Scheme) was more than the funds available for distribution, as
referenced in the Scheme Supervisors' final progress report which was posted
on 29 August 2025.

 

 Amigo Holdings PLC  investors@amigo.me
 Nick Beal           Chief Executive

 Sponsor             Beaumont Cornish

                     0207 628 3396

This announcement contains inside information for the purposes of Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended). The person responsible for this announcement is Nicholas Beal,
Company Secretary.

About Amigo Holdings PLC

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.

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