REG - Amigo Holdings PLC - Conversion of Mandatory Convertible Loan Notes

Amigo HoldingsAnnouncement

06/01/2026 10:00

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RNS Number : 8223N  Amigo Holdings PLC  06 January 2026

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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

6 January  2026

 

Amigo Holdings PLC

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

Conversion of Mandatory Convertible Loan Notes ("Loan Notes")

Amigo announces that, pursuant to the terms of the Loan Notes, first announced
on 14 November 2025 ("Announcement") and as set out in more detail in the
Notice of General Meeting published on 26 November 2025 ("Notice"), it intends
to convert Tranche 1 (as defined in the Notice) of Loan Notes into 375,000,000
new ordinary shares of 0.25p each in the Company ("Ordinary Shares") at a
conversion price of 0.3p per Ordinary Share, consistent with the terms set out
in the Notice ("New Ordinary Shares").

The New Ordinary Shares rank will pari passu in all respects with the existing
Ordinary Shares, including the right to receive all dividends and other
distributions declared, made or paid after the date of issue.

A further 125,000,000 Ordinary Shares remain issuable upon conversion of the
balance of the Loan Notes, which is expected to occur:

(i)  following publication of a prospectus, (for instance in respect of any
Reverse Takeover ("RTO"), or as otherwise permitted subsequently under the
Public Offers and Admissions to Trading Regulations 2024 (as amended from
time to time)); or

(ii) on 31 January 2027;

also at a conversion price of 0.3p per share.

Full conversion of the Loan Notes will result in the issue of 500,000,000
ordinary shares.

Application has been made for the New Ordinary Shares to be admitted to
trading on the main market for listed securities of the London Stock Exchange
("Admission"). It is expected that Admission will become effective and that
dealings in the New Ordinary Shares will commence at 8.00 am on 20 January
2026.

Following Admission of the New Ordinary Shares, the Company's enlarged issued
share capital will comprise 1,065,088,160 Ordinary Shares.

The Company will provide a further announcement in due course regarding the
timing and completion of the Tranche 2 conversion and any associated
Admission.

Contacts:

 Amigo Holdings PLC  investors@amigo.me (mailto: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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