Statement re. share price movement

RNS Number : 6620W

Amigo Holdings PLC

19 April 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR 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	[e-mail]
Kate Patrick	Investor Relations Director
Roger Bennett	Company Secretary
Media enquiries	[e-mail]
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.

 

END

 

 

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