Employee SAYE scheme and PDMR shareholding
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
9 October 2020 Amigo Holdings PLC ("Amigo" or the "Company")
Employee SAYE scheme and PDMR shareholding
Amigo Holdings PLC (LSE: AMGO), the leading provider of guarantor loans in the UK, announces that today it granted share option awards to PDMR and eligible employees of the Company under the Company's HMRC approved Save as You Earn scheme ("SAYE").
The SAYE 2020 plan ("2020 Plan") was open to all eligible employees of the Company, as defined in the rules of the SAYE. Certain employees of the Company elected to participate in the 2020 Plan, resulting in them today being granted options to subscribe for, in aggregate, 5,496,845 ordinary shares of 0.25 pence each in the capital of the Company ("SAYE 2020 Options"). The SAYE 2020 Options have an exercise price, calculated in accordance with the rules of the SAYE, of £0.097 per share.
The total SAYE 2020 Options granted to PDMR are for, in aggregate, 371,134 shares, split equally between Nick Beal and Naynesh Patel. In order to participate in the 2020 Plan, both of the PDMR who have been granted SAYE 2020 Options closed their SAYE 2019 plan.
The Company was also notified on 8 October 2020 by Naynesh Patel, of the sale of 1,423,438 Ordinary Shares at an average cost of £0.0903 per Ordinary Share. Mr Patel sold Ordinary Shares, representing 0.30% of the Ordinary Shares of the Company, for settlement of a personal Tax liability.
The below information and notifications are made in accordance with the EU Market Abuse Regulation.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
|
|
Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA') |
|||||
|
a) |
Name |
Nicholas Beal |
||||
|
2. |
Reason for notification |
|||||
|
b) |
Position / status |
Chief Regulatory & Public Affairs Officer/PDMR |
||||
|
c) |
Initial notification / amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
b) |
Name |
Amigo Holdings PLC |
||||
|
c) |
LEI |
213800PUHEBLCWDW9T74 |
||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument
Identification code
|
Ordinary shares of GBP0.0025 each
GB00BFFK8T45 |
||||
|
b) |
Nature of the transaction |
Grant of options to acquire ordinary shares under the Company's SAYE scheme. Subject to the rules of the SAYE scheme, the option will be exercisable in 2023.
|
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information Aggregated volume Price |
N/a |
||||
|
e) |
Date of the transaction |
9 October 2020 |
||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||
|
|
Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA') |
|||||
|
a) |
Name |
Nicholas Beal |
||||
|
2. |
Reason for notification |
|||||
|
b) |
Position / status |
Chief Regulatory & Public Affairs Officer/PDMR |
||||
|
c) |
Initial notification / amendment |
Closing notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
b) |
Name |
Amigo Holdings PLC |
||||
|
c) |
LEI |
213800PUHEBLCWDW9T74 |
||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument
Identification code
|
Ordinary shares of GBP0.0025 each
GB00BFFK8T45 |
||||
|
b) |
Nature of the transaction |
Cessation of option to acquire ordinary shares under the Company's SAYE scheme. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information Aggregated volume Price |
N/a |
||||
|
e) |
Date of the transaction |
9 October 2020 |
||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||
|
|
Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA') |
|||||
|
a) |
Name |
Naynesh Patel |
||||
|
2. |
Reason for notification |
|||||
|
b) |
Position / status |
Chief Analytics Officer / PDMR |
||||
|
c) |
Initial notification / amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
b) |
Name |
Amigo Holdings PLC |
||||
|
c) |
LEI |
213800PUHEBLCWDW9T74 |
||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument
Identification code
|
Ordinary shares of GBP0.0025 each
GB00BFFK8T45 |
||||
|
b) |
Nature of the transaction |
Grant of options to acquire ordinary shares under the Company's SAYE scheme. Subject to the rules of the SAYE scheme, the option will be exercisable in 2023.
|
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information Aggregated volume Price |
N/a |
||||
|
e) |
Date of the transaction |
9 October 2020 |
||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||
|
|
Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA') |
|||||
|
a) |
Name |
Naynesh Patel |
||||
|
2. |
Reason for notification |
|||||
|
b) |
Position / status |
Chief Analytics Officer / PDMR |
||||
|
c) |
Initial notification / amendment |
Closing notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
b) |
Name |
Amigo Holdings PLC |
||||
|
c) |
LEI |
213800PUHEBLCWDW9T74 |
||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument
Identification code
|
Ordinary shares of GBP0.0025 each
GB00BFFK8T45 |
||||
|
b) |
Nature of the transaction |
Cessation of option to acquire ordinary shares under the Company's SAYE scheme. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information Aggregated volume Price |
N/a |
||||
|
e) |
Date of the transaction |
9 October 2020 |
||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||
|
|
Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA') |
|||||
|
a) |
Name |
Naynesh Patel |
||||
|
2. |
Reason for notification |
|||||
|
b) |
Position / status |
Chief Analytics Officer/PDMR |
||||
|
c) |
Initial notification / amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
b) |
Name |
Amigo Holdings PLC |
||||
|
c) |
LEI |
213800PUHEBLCWDW9T74 |
||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument
Identification code
|
Ordinary shares of GBP0.0025 each
GB00BFFK8T45 |
||||
|
b) |
Nature of the transaction |
Sale of shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information Aggregated volume Price |
1,423,438 £0.0903 |
||||
|
e) |
Date of the transaction |
7 October 2020 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
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.
This announcement constitutes notice by Amigo Luxembourg S.A. (the "Issuer") to the holders of the Issuer's 7.625% Senior Secured Notes due 2024 (for the notes issued pursuant to Rule 144A of the United States Securities Act of 1933, ISIN: XS1533928468 and Common Code: 153392846; for the notes issued pursuant to Regulation S of the United States Securities Act of 1933, ISIN: XS1533928625 and Common Code: 153392862) (the "Notes") issued pursuant to pursuant to Section 4.03(a)(3) of an indenture dated January 20, 2017 among, inter alia, the Issuer, the guarantors named therein and U.S. Bank Trustees Limited, as trustee and security agent. Amigo Holdings PLC is the indirect parent company of the Issuer. This announcement shall constitute a "Report" to holders of the Notes.
The person responsible for this announcement is Roger Bennett, Company Secretary.
-ENDS
Contacts:
Amigo Holdings PLC investors@amigo.me Tel: 01202
Kate Patrick, Head of Investor Relations
Roger Bennett, Company Secretary
Hawthorn Advisors amigo@hawthornadvisors.com Tel: 020 3745 4960
Lorna Cobbett
Victoria Ainsworth
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