REG - Amigo Holdings PLC - Board Changes

Amigo HoldingsAnnouncement

06/06/2022 17:15

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RNS Number : 8954N  Amigo Holdings PLC  06 June 2022

6 June 2022

 

Amigo Holdings PLC

("Amigo" or the "Company")

 

Board Changes

Amigo Holdings PLC (LSE: AMGO), a provider of guarantor loans in the UK,
announces the following Board changes.

 

Chief Financial Officer

Danny Malone will join the Board as Chief Financial Officer ("CFO") and as an
Executive Director. His appointment as an Executive Director is subject to
approval under the Senior Managers' Regime, by the Financial Conduct
Authority. Danny has been acting as Interim CFO since February 2022.

 

Danny has a wealth of experience, including at board level in a variety of
financial services companies. A qualified chartered accountant, he has held
senior management and executive board level positions with Everyday Loans
Limited as Chief Executive Officer, Finance Director and founder,
Citifinancial Europe PLC as Chief Executive Officer and Chief Financial
Officer, and Avco Trust PLC as Finance Director. He has also served as Chief
Executive of Perch Group.

 

He is currently Non-Executive Chair of Floan Limited, a start-up fintech
online loan company servicing travel agents, and a Non-Executive Director of
The Personal Finance Centre Limited, both non-listed companies.

 

There are no additional matters that would require disclosure under LR 9.6.13R
(1) to (6) in relation to this appointment.

 

Senior Independent Director

Maria Darby-Walker, an existing Non-Executive Director, has been appointed as
Senior Independent Director of the Company, subject to approval under the
Senior Managers' Regime, by the Financial Conduct Authority.

 

Following the appointment of Danny, the total number of Directors on Amigo's
Board will consist of three independent Non-Executive Directors, including the
Chair, and two Executive Directors.

 

 

Jonathan Roe, Chair said: "We are delighted that Danny Malone has agreed to
join Amigo's Board as an Executive Director and CFO.  He proved his
credentials for the role whilst acting as Interim CFO and brings to the Board
a wealth of business acumen and financial management expertise gained from
working in the consumer finance sector."

"I am also delighted that Maria Darby-Walker is taking on the role of Senior
Independent Director.  The whole executive team has moved mountains to get us
to our current position and deserve wholesome praise.  In like terms, our
Non-Executive Directors, Maria Darby-Walker and Michael Bartholomeusz, since
they joined the Board some 18 months ago, have been unstinting with their
time, care and effort to help guide Amigo through the issues the company has
faced."

Danny Malone, CFO said: "I am very happy to be part of a refreshed Board at
Amigo. I am looking forward to helping Amigo overcome the remaining hurdles of
returning to lending and building a successful new business for an underserved
customer base."

 

 

 

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.

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 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.

Company

Amigo Holdings PLC       investors@amigo.me
 

Kate Patrick                       Head of Investor Relations
 

Roger Bennett                  Company
Secretary

 

Media enquiries              Amigoloans@lansons.com

Tom Baldock                      07860 101715

Ed Hooper                          07783 387713

-ENDS-

 

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