REG - Amigo Holdings PLC - Statement re. share price movement

Amigo HoldingsAnnouncement

19/04/2023 07:00

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RNS Number : 6620W  Amigo Holdings PLC  19 April 2023

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FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH
JURISDICTION

FOR IMMEDIATE RELEASE

19 April 2023

Amigo Holdings PLC

 

Statement re. share price movement

Amigo Holdings PLC ("Amigo" or "the Company"), a provider of mid-cost credit
in the UK that is currently in an orderly solvent wind-down, has noted the
recent movement in the Company's share price and confirms that it knows of no
reason for this increase.

The board continues to implement the fallback solution, which is the orderly
wind-down of the business, which is expected to result in no value
attributable to shareholders once the wind-down is completed. For the benefit
of creditors, the board continues to be open to  any indications of interest
from third parties for any part of the business.

ENDS

Enquiries

 Company
 Amigo Holdings PLC         investors@amigo.me
 Kate Patrick               Investor Relations Director
 Roger Bennett              Company Secretary

 Media enquiries            Amigoloans@lansons.com
 Ed Hooper                  07783 387713

 Peel Hunt LLP              020 7418 8900
 James Britton
 Oliver Jackson

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.

 

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