REG - Amigo Holdings PLC - Reduction of Unavoidable Corporate Expenses

Amigo HoldingsAnnouncement

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RNS Number : 9349O  Amigo Holdings PLC  30 June 2025

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

30 June 2025

 

Amigo Holdings PLC

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

Update

 

Amigo Holdings PLC, a UK provider of mid-cost credit that is currently in an
orderly solvent wind-down, today announces that it has reduced its unavoidable
monthly corporate expenses to a level that means that it has sufficient cash
for the next couple of months. However, the Company has no contingency
reserves to absorb unanticipated events.

The search for a reverse takeover counterparty and related funding continues
with potentially interested parties.

Amigo Scheme Update

The Scheme activities are nearing completion. The costs of the Scheme and its
solvent winding up will continue to be borne by the ringfenced Scheme funds

 

 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. On 23 March 2023 Amigo announced that it has
ceased offering new loans, with immediate effect, and started 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 has been run off with all net proceeds due to creditors under a Court
approved Scheme of Arrangement. Amigo Loans Ltd is authorised and regulated in
the UK by the Financial Conduct Authority.

-ENDS-

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