5 April 2024
Amigo Holdings PLC
("Amigo" or the "Company")
Admission of Shares
Amigo announced on 28 March 2024 that it had conditionally placed a total of 23,766,400 new ordinary shares of 0.25p ("First Placing Shares") at an issue price of 0.25p per share. The conditions for the First Placing Shares have been satisfied and they were admitted to listing on the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange effective at 8.00 am today.
The First Placing Shares rank pari passu in all respects with the existing ordinary shares of the Company with ISIN GB00BFFK8T45.
The notice of General Meeting to approve the issue of the 71,252,800 Second Placing Shares is expected to be posted to shareholders next week.
Words and phrases defined in the announcement dated 28 March 2024 will have the same meanings in this announcement.
Total Voting Rights
Following Admission, the total number of ordinary shares in the Company with voting rights is 499,100,160 and this figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Contacts:
| Amigo Holdings PLC | investors@amigo.me |
| Nick Beal | Company Secretary |
| | |
| Media Enquiries | Amigoloans@lansons.com |
| Ed Hooper | 07783 387713 |
| | |
| Corporate Broker Lucy Williams / Duncan Vasey | Peterhouse Capital Limited 020 7469 0936 |
| | |
| Sponsor | Beaumont Cornish |
|
| 0207 628 3396 |
Notes to editors:
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 its subsidiaries had ceased offering new loans, with immediate effect, and would start the orderly solvent wind-down of the business. Amigo's group 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 were unable to borrow from traditional lenders due to their credit histories. The 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
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Sponsor as defined in the FCA Listing Rules and is authorised and regulated by the FCA. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.
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.
ENDS
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.