Amigo Dividends - AMGO

Amigo Dividends - AMGO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Amigo Holdings Plc AMGO London Ordinary Share GB00BFFK8T45 ORD 0.25P
  Price Change Price Change % Stock Price Last Trade
0.57 3.56% 16.57 16:35:04
Open Price Low Price High Price Close Price Previous Close
15.65 15.65 16.93 16.57 16.00
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Industry Sector
NONEQUITY INVESTMENT INSTRUMENTS

Amigo AMGO Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
28/11/2019InterimGBX3.131/03/201931/03/202009/01/202010/01/202029/01/20203.1
28/05/2019FinalGBX7.4531/03/201831/03/201918/07/201919/07/201931/07/20199.32
27/11/2018InterimGBX1.8730/03/201830/09/201810/01/201911/01/201927/01/20190

Top Dividend Posts

DateSubject
06/4/2021
10:34
chinese investor: Chinese Investor (AMGO) 30 Mar 2021 - 12:35:33 They are now considering borrowers having more than one vote depending on their circumstances ! i.e. "weight their votes" Chinese Investor (AMGO) 27 Feb 2021 - 10:01:57 So one million borrowers and guarantors will be eligible to vote for "the Scheme". Most of them know that have no chance of redress so they'll vote for it because they have nothing to lose. Amigo will get their 75% ! The courts and FCA can see this and will not approve the "Scheme" in the proposed form.
30/3/2021
14:55
nicolaw: ISA-Investor Posts: 90 Price: 15.90 No Opinion RE: Court Case UpdateToday 14:54 Mr. P now going to speak as a creditor. He is a current borrower. He has had his debt sold after the original term. [his english isn't great so I am trying my best]. It sounds like he tried to reach an agreement with AMGO to try and support him with repayments as he was having a hard time but AMGO didn't help and put it to the court and he must have got a judgement and lost his credit rating. So, he didn't seem happy. Judge has noted it and moved on... [inference being this is a very specific case]. Judge says one last call - Mr M is on the line now. Mr M is a current borrower and has 2 loans with AMGO. He thinks he may have a claim against AMGO because he didn't understand the small print of the loans, effectively. Judge asking him if he has anything to comment on what the judge needs to decide on today i.e. does he have a comment on the scheme going ahead. Mr M reiterates that he may struggle with the language and terminology. Mr A is now on the line. He is a guarantor. He is paying a loan off under the guarantee since 2018. The borrower was a fraudster who manipulated him. He told AMGO as the borrower never paid a penny. Mr A has made several complaints to AMGO and a criminal case against the borrower (fraudster) is ongoing as he took Mr A for thousands but, again, judge queries whether he has anything to say about the vote... he says "not really" but has also asked about clarity around interim payments. the judge is telling him that payments on loads do have to be made. Judge has stated his understanding it is the scheme or it is insolvency. Mr A-P now on the line... he was a borrower, now paid it off. At the time of getting the loan he says he was mis-sold. Took the loan after his master's degree when his salary was low. He felt it was a credit building, thus a good thing. However, it became unaffordable for him (to paraphrase). [suspect the judge will ask him again about what he needs to decide on TODAY. everyone is just giving their personal story]. Mr A-P took another loan from elsewhere to pay it off. The judge notes he wants this claim sorted out sooner rather than later.
30/3/2021
12:26
nicolaw: ISA-Investor Posts: 90 Price: 16.08 No Opinion RE: Update from the courtToday 12:25 Voting value: at least 2 approaches that are undesirable or impractical. 1 - admit the creditor to vote weighted against their claim. AMGO may have as many as a million scheme creditors and the company would need a methodology to work all this out, which is time consuming and expensive and likely to give inconsistent results. 2 - could simply say all customers with redress claims are not accepted and they are accepted to vote at £1 each. Neither is appropriate as it makes no attempt to address the FOS claim as it would dwarf customers or (missed this a bit) which customers had larger claims. AMGO has proposed: assume all loans and guarantees were mis-sold and to admit scheme creditors for the amount they have paid. Idea is that every loan was mis-sold and work out what the amount of a customers claim would be on that assumption i.e. interest + cost paid - any loan outstanding. For guarantors it would be what they paid. AMGO believes this is reasonable and takes into account relative redress claims. e.g. £100 claim admitted for £100 worth of votes, £1000 for £1000 so voting weighted to claim size but everyone has an equal prospect to have their distribution from the SOA. [I know this is the important bit for many but struggling to keep up a touch]. [Think the concept is simple enough though]. QC submitted examples to the judge which he has in front of him.
30/3/2021
12:23
nicolaw: ISA-Investor Posts: 90 Price: 16.08 No Opinion RE: Update from the courtToday 12:19 AMGO has the right to repurchase debts so there is a small wrinkle in relation to some customers but it is not one that requires them to constitute a different class. [missed a bit there scrolling down]. Next point: borrowers who had loans >6yrs ago. Evidence says the company will consider loans back to 2005 regardless of any limitation period. Again, does not require another class (from QC). [basically - lots of arguments for why everyone should be considered in one class, if I miss anything being said]. AMGO will not take a limitation point/distinction for when borrowers took their loan out. Judge is saying this is an acknowledgment that in the alternative scenario (assume he means putting a time distinction in) would be to exclude the older loans due to a limitation period. [OPINION: the inference here being AMGO are opening it up wider than they had/have to]. AMGO can distinguish between borrowers and guarantors and some customers can be both. For voting value; some payments are not able to be allocated [not keeping up with this bit]. the judge asked if it would be possible to identify whether a vote could be attributed to a guarantor or borrower and the QC is saying that it can but some are both so it's not possible to always separate the two. Judge questioning it from the point of view of fairness. QC will go back and look at it all again. [Opinion: nothing sinister, just bringing out borrower's questions, you need to hear the tone i.e. fine/normal]. QC going through distribution of docs and timing of meeting. 10am weds 12th May - 6 weeks away. Intended creditors will be notified by 2nd April. 2nd concern; virtual meeting. given COVID-19 situation, proposed this meeting will be held virtually. A webcast and telephone facility is proposed to be provided. MS Teams/Zoom might have been preferred but there is a hard limit on the numbers who can join so wouldn't be fair. Webcast/telephone allows as many creditors to join as they want. Proposal is scheme creditors will be invited to pre-register and pre-submit questions so the chairman can identify common questions and prepare answers. 3rd aspect; online voting and proxies. AMGO has developed an online portal on the scheme website, which permits creditors to vote for or against until 5pm on 20th May 2021 and then the portal will be available for voting during the meeting. Scheme creditors can also nominate a proxy by form on the website: 5pm 10th May deadline for that. Judge asking about online voting after 10th May portal closure; is it right that their ability to attend is subject to the meeting chairman's discretion but the voting is a matter of right. Satisfied. No issues. Everyone has the right to vote before or during the meeting, not subject to chairman's discretion.
30/3/2021
12:12
nicolaw: ISA-Investor Posts: 90 Price: 15.00 No Opinion RE: Update from the courtToday 12:05 The scheme is concerned with net claims. It is right for guarantors that the amount they owe is likely to be nil since the loan wasn't advanced to them but the borrower. Both borrowers an guarantors will receive a pro-rata distribution in respect of the redress claim. One works out the claim, deducts what is owed and then both receive a pro rata distribution. 1 point picked up by customers: underlying redress regime is borrows have a claim for interest and costs but are obliged to repay the loan they received. If there is the situation where a guarantor has paid the principle, which is then repaid to the guarantor under the scheme; an issue may arise for the borrower. Does the borrowers liability for that part of the loan revive? Short answer is that the scheme will NOT revive this. This doesn't affect the guarantor and can only benefit the borrower. One practical point; it would be difficult to identify a clear, dividing line between the two classes. Would need to take into account how much the guarantor paid e.g. £1, £100, etc, etc. Position is different cases to case. Hence QC says distinction shouldn't be made and although there are fairness issues, the court shouldn't consider this today but later at the sanction hearing. Judge questioning differentiation/identification between borrowers and guarantors for voting. QC's understanding is there is no way to identify who is who in the vote. QC says there are two categories; those who have repaid their loan and those who haven't. Those without an outstanding balance will get a payment from the scheme. Those with a loan will get a set-off against their existing balance. Drawing a clear dividing line is very difficult as some have repaid in full, £1, £100, £1000, etc. Larger the loan, the greater the set-off. Sliding scale between them. AMGO say it does not require more than one class. If issues arrive, they are for the sanction hearing. third situation is borrowers who's loans have been sold to others. QC reminds the judge that the skilled person (I think, Mr Beale) says: under the scheme AMGO will pass redress back to claimant, even if their loan has been sold.
30/3/2021
11:47
nicolaw: QC has asked for a break - will be given (for 5mins) when the QC finishes. Moving onto class composition: does one need to divide the scheme creditors into different classes or is one sufficient? The law in the written argument doesn't need covering with the judge. COMPANY proposes a single meeting of creditors comprising redress creditors and FOS. Question is whether everyone can vote for a common interest. QC says what would happen if the scheme wasn't approved, which the evidence suggests would be administration, leaving no money for creditors. 2 parts to this. 1). estimated outcome statement on 2 scenarios in the case of insolvency. Scenarios differ in terms of length. start from £443M and consider 1). speed, 2). value. Scenario 1 would leave £312M, 2 £325M. Do not take into account costs (£37M) and what is owed to bond holders and securitisation trustee (£324M). Net result is it unfortunately would mean a shortfall for the creditors, hence why unsecured creditors wouldn't receive anything in this case. This evidence came from the company albeit a letter from PWC summarises that PWC will allow this letter to be distributed (i.e. to court and claimants) but has the usual disclaimer and that PWC have reviewed the assumptions made by management and they are "reasonable assumptions" in their view and have provided input to specific insolvency aspects, specifically to recovery prospects. PWC are engaged as AMGO financial advisors. As far as the substance of the report: PWC deal with the assumptions and confirm management have considered a 2yr insolvency period, which they have advised on. [sorry - difficult to follow this bit and type]. Report essentially divided into 2 pats 1). realisation of assets - conclusion; PWC say in the light of the above £312-325M is a reasonable estimate of total asset recovery. 2). creditor claims - consider management's approach to estimating claims is appropriate and they say in relation to costs; £29M for 2yr insolvency costs is reasonable, if not low (+£8M VAT). PWC conclusion is that they are satisfied that assumptions are ok and AMGO would have a shortfall to bond holders in the event of an insolvency.
30/3/2021
11:33
nicolaw: fro misa investor on lse: Judge is struggling to find the FCA letter [I think] in his bundle... Think he has just found it now... In summary FCA position is as follows: 1). FC does not support the scheme. 2). The FCA does not propose to take any additional regulatory action against the scheme IF the claimants vote it through. 3). FCA has identified certain concerns it would like to draw to the company and court attention. They don't intend to appear today to present. FCA state that they have been in regular discussions with AMGO and their legal team. AMGO have provided to FCA copies of the scheme docs, evidence, etc. FCA has made formal requests for additional info. FCA say it assesses the compatibility of the scheme, etc and the FCAs verdict is distinct from and broader than the courts . FCA has completed the assessment. FCA believe it is not in-line with their principles due to valid redress claims getting less than they would otherwise be owed. Also they are not completely happy with the methodology. However, FCA recognises that these concerns need to be balanced against what might happen if the scheme does not go ahead i.e. AMGO go bust and people won't be paid out [to paraphrase]. FCA does not consider this assessment should prevent company seeking a vote for the SOA and for the court assessment. The QC sees it that people will get less under a different methodology but FCA says these are for the company, court and creditors. The FCA do make some comment to the court assessment; 1). FCA is concerned by claims that secured creditors will not be compromised and will be kept whole i.e. they have priority in insolvency. QC points out they will be giving profits to claimants. 2). FCA points out that AMGO haven't given the adjudication approach, clearly. QC points out they have given the needed info as simply as possible. FCA says this is ultimately a matter for the court at the sanction hearing. 3). FCA notes any customer who has a claim will be able to vote on the scheme, whether a valid claim or not. i.e. AMGO are not taking into account who should be voting or not. FCA fairly acknowledges however this is the fairest approach and has been used in other schemes.
05/3/2021
07:21
heatseek77: Search Stock Your avatar Upgrade Logout Monitor Quote Charts Trades News Financials Toplists Alerts Portfolio Level 2 Free BB PBB ADVFN Logo Copyright © 2021 ADVFN plc Switch to Desktop View AMGO EPIC BB Menu Amigo (AMGO) Following AMGO Amigo - MODERATED Share On Facebook Search this thread Remove FavouriteE-mail AlertRelated ThreadsSkip Header Chinese Investor 9 Jan '20 - 13:10 0 4 3 Quarterly figures (£m) through to Q3 (December 2020) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Revenue 71.5 73.9 72.6 76.2 48.8 43.5 45.2 Interest (10.4) (6.8) (6.8) (6.7) (7.4) (8.2) (6.5) Impairment (21.8) (23.4) (23.5) (44.5) (18.5) (1.9) (21.1) Complaints Costs (6.0) (10.4) (16.2) (100.4) (6.8) (86.9) (22.5) Other Operating Costs (16.7) (13.6) (14.9) (14.2) (11.2) (11.3) (12.9) Pretax Profit 22.6 19.7 11.2 (91.6) 1.4 (69.3) (17.8) Year Ending Interim Final Mar 2020 3.10p 0.00p Mar 2019 1.87p 7.45p Ending Number of Customers (,000) Net Loan Book (£m) Dec 2020 156 412 Sep 2020 176 485 Jun 2020 199 553 Mar 2020 222 643 News 05/03/2021 07:00 UKREG Amigo Holdings PLC Holding(s) in Company 02/03/2021 07:00 UKREG Amigo Holdings PLC Holding(s) in Company 01/03/2021 17:03 UKREG Amigo Holdings PLC Grant of Long Term Incentive Plan ("LTIP") 26/02/2021 10:36 UKREG Amigo Holdings PLC Holding(s) in Company 26/02/2021 10:33 UKREG Amigo Holdings PLC Grant of Long Term Incentive Plan 26/02/2021 07:01 UKREG Amigo Holdings PLC Director Dealing PlusOneCoin Top Posts chinese investor 27 Feb '21 - 10:01 - 17553 0.000010 So one million borrowers and guarantors will be eligible to vote for "the Scheme". Most of them know that have no chance of redress so they'll vote for it because they have nothing to lose. Amigo will get their 75% ! In the ensuing six month "negotiating" period, legitimate claimants will get a fraction of what they would have got if there had been no "Scheme" and... ...those who had "no chance of redress" will get nothing ! The courts and FCA can see this and will not approve the "Scheme". Previous 18186 Go ToTop Posts Heatseek775 Mar '21 - 07:15 - 18181 of 18186 Edit 0 2 0 Cfds to cash SALE did similar thing at AA God its in f.... Black n white Leoneobull5 Mar '21 - 07:15 - 18182 of 18186 0 2 0 Seeker...hardly. JPM Chase on behalf of J.P. Morgan Securities Plc . The point is they now have almost an identical holding but with 7.14% voting rights if I read it correctly. wulber5 Mar '21 - 07:16 - 18183 of 18186 0 2 0 Yes Leon exactly ? samsung20205 Mar '21 - 07:17 - 18184 of 18186 0 1 0 Yep, thats how i read it Leoneobull5 Mar '21 - 07:18 - 18185 of 18186 0 2 0 Consensus LSE is they swapped lots of derivatives into real shares with voting rights attached. Has to be good news Heatseek775 Mar '21 - 07:20 - 18186 of 18186 Edit 0 0 0 Search Stock Your avatar Upgrade Logout Monitor Quote Charts Trades News Financials Toplists Alerts Portfolio Level 2 Free BB PBB ADVFN Logo Copyright © 2021 ADVFN plc Switch to Desktop View Amigo Share News - AMGO Current Price 14.00p 0.00 0.0% Bid Price Offer Price 13.62 14.34 High Price Low Price Open Price Shares Traded Last Trade Market Cap (m) 0.00 00:00:00 67 Amigo Holdings PLC Holding(s) in Company Intraday Amigo Chart Intraday Amigo Chart 05/03/2021 7:00am UK Regulatory (RNS & others) TIDMAMGO TIDM80GT RNS Number : 2551R Amigo Holdings PLC 04 March 2021 TR-1: S tandard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i) 1a. Identity of the issuer or the Amigo Holdings PLC underlying issuer of existing shares to which voting rights are attached (ii) : -------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer ---- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X ---- An acquisition or disposal of financial instruments ---- An event changing the breakdown of voting rights ---- Other (please specify)(iii) : ---- 3. Details of person subject to the notification obligation (iv) Name JPMorgan Chase & Co. City and country of registered office Wilmington, Delaware, USA (if applicable) 4. Full name of shareholder(s) (if different from 3.) (v) Name J.P. Morgan Securities Plc -------------------------------------------- City and country of registered office London, United Kingdom (if applicable) -------------------------------------------- 5. Date on which the threshold was 02 March 2021 crossed or reached (vi) : -------------------------------------------- 6. Date on which issuer notified (DD/MM/YYYY): 04 March 2021 -------------------------------------------- 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights Total of both Total number rights attached through financial in % (8.A + of voting rights to shares (total instruments 8.B) held in issuer of 8. A) (total of 8.B (vii) 1 + 8.B 2) ------------------ --------------------- -------------- -------------------- Resulting situation on the date on which threshold was crossed or reached 6.41% 0.58% 6.99% 475,333,760 ------------------ --------------------- -------------- -------------------- Position of previous notification (if applicable) 6.40% 0.64% 7.04% ------------------ --------------------- -------------- -------------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii) A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares (ix) ISIN code (if possible) Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) ---------------------- GB00BFFK8T45 30,452,700 6.41% --------------------- ---------------------- -------------------- ---------------- SUBTOTAL 8. A 30,452,700 6.41%
05/3/2021
07:20
heatseek77: Search Stock Your avatar Upgrade Logout Monitor Quote Charts Trades News Financials Toplists Alerts Portfolio Level 2 Free BB PBB ADVFN Logo Copyright © 2021 ADVFN plc Switch to Desktop View Amigo Share News - AMGO Current Price 14.00p 0.00 0.0% Bid Price Offer Price 13.62 14.34 High Price Low Price Open Price Shares Traded Last Trade Market Cap (m) 0.00 00:00:00 67 Amigo Holdings PLC Holding(s) in Company Intraday Amigo Chart Intraday Amigo Chart 05/03/2021 7:00am UK Regulatory (RNS & others) TIDMAMGO TIDM80GT RNS Number : 2551R Amigo Holdings PLC 04 March 2021 TR-1: S tandard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i) 1a. Identity of the issuer or the Amigo Holdings PLC underlying issuer of existing shares to which voting rights are attached (ii) : -------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer ---- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X ---- An acquisition or disposal of financial instruments ---- An event changing the breakdown of voting rights ---- Other (please specify)(iii) : ---- 3. Details of person subject to the notification obligation (iv) Name JPMorgan Chase & Co. City and country of registered office Wilmington, Delaware, USA (if applicable) 4. Full name of shareholder(s) (if different from 3.) (v) Name J.P. Morgan Securities Plc -------------------------------------------- City and country of registered office London, United Kingdom (if applicable) -------------------------------------------- 5. Date on which the threshold was 02 March 2021 crossed or reached (vi) : -------------------------------------------- 6. Date on which issuer notified (DD/MM/YYYY): 04 March 2021 -------------------------------------------- 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights Total of both Total number rights attached through financial in % (8.A + of voting rights to shares (total instruments 8.B) held in issuer of 8. A) (total of 8.B (vii) 1 + 8.B 2) ------------------ --------------------- -------------- -------------------- Resulting situation on the date on which threshold was crossed or reached 6.41% 0.58% 6.99% 475,333,760 ------------------ --------------------- -------------- -------------------- Position of previous notification (if applicable) 6.40% 0.64% 7.04% ------------------ --------------------- -------------- -------------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii) A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares (ix) ISIN code (if possible) Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) ---------------------- GB00BFFK8T45 30,452,700 6.41% --------------------- ---------------------- -------------------- ---------------- SUBTOTAL 8. A 30,452,700 6.41% --------------------------------------------- -------------------------------------- B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion Period rights that may rights (x) (xi) be acquired if the instrument is exercised/converted. ----------- -------------------------- -------------------------- ---------------- Right to Recall N/A N/A 2,000,000 0.42% ----------- -------------------------- -------------------------- ---------------- SUBTOTAL 8. B 1 2,000,000 0.42% -------------------------- -------------------------- ---------------- B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Type of financial Expiration Exercise/ Physical or Number of % of voting instrument date (x) Conversion cash voting rights rights Period (xi) settlement (xii) ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 06/04/2021 06/04/2021 Cash 9,022 0.00% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 02/07/2021 02/07/2021 Cash 18,095 0.00% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 03/08/2021 03/08/2021 Cash 270 0.00% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 02/11/2021 02/11/2021 Cash 3,911 0.00% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 02/12/2021 02/12/2021 Cash 10,190 0.00% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 05/01/2022 05/01/2022 Cash 15,278 0.00% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 02/02/2022 02/02/2022 Cash 25,841 0.01% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 02/03/2022 02/03/2022 Cash 97,748 0.02% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 04/04/2022 04/04/2022 Cash 40,000 0.01% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 04/05/2022 04/05/2022 Cash 269,556 0.06% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 23/01/2026 23/01/2026 Cash 71,300 0.01% ---------------- ---------------- ------------------- --------------- Cash-settled Equity Swap 28/01/2026 28/01/2026 Cash 217,558 0.05% ---------------- ---------------- ------------------- --------------- SUBTOTAL 8.B.2 778,769 0.16% ------------------- --------------- 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii) Full chain of controlled undertakings through which the voting rights X and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (xiv) (please add additional rows as necessary) Name (xv) % of voting rights % of voting rights Total of both if if it equals or through financial it equals or is is higher than the instruments if it higher than the notifiable threshold equals or is higher notifiable threshold than the notifiable threshold ---------------------- --------------------- ------------------------ JPMorgan Chase & Co. ---------------------- --------------------- ------------------------ JPMorgan Chase Bank, National Association ---------------------- --------------------- ------------------------ J.P. Morgan International Finance Limited ---------------------- --------------------- ------------------------ J.P. Morgan Capital Holdings Limited ---------------------- --------------------- ------------------------ J.P. Morgan Securities plc 6.41% 6.99% ---------------------- --------------------- ------------------------ 10. In case of proxy voting, please identify: Name of the proxy holder N/A ----------------------------------------------- The number and % of voting rights N/A held ----------------------------------------------- The date until which the voting rights N/A will be held ----------------------------------------------- 11. Additional information (xvi) Chain of controlled undertakings : JPMorgan Chase & Co. JPMorgan Chase Bank, National Association (100%) J.P. Morgan International Finance Limited (100%) J.P. Morgan Capital Holdings Limited (100%) J.P. Morgan Securities plc (100%) Place of completion London, United Kingdom Date of completion 04 March 2021 ----------------------- Notes (i) Please note this form should be read jointly with the applicable Disclosure Guidance and Transparency Rules Chapter 5 (DTR5) available on the following link: hxxps://www.handbook.fca.org.uk/handbook/DTR/5/?view=chapter (ii) Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity). Indicate in the relevant section whether the issuer is a non UK issuer. (iii) Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert. (iv) This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h); (c) all parties to the agreement referred to in DTR5.2.1 (a) or (d) the holder of financial instruments referred to in DTR5.3.1. As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert. In relation to the transactions referred to in DTR5.2.1 (b) to (h), the following list is provided as indication of the persons who should be mentioned: - in the circumstances foreseen in DTR5.2.1 (b), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights; - in the circumstances foreseen in DTR5.2.1 (c), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions; - in the circumstances foreseen in DTR5.2.1 (d), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created; - in the circumstances foreseen in DTR5.2.1 (e), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of those situations, the controlled undertaking; - in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion; - in the circumstances foreseen in DTR5.2.1 (g), the natural person or legal entity that controls the voting rights; - in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies). (v) Applicable in the cases provided for in DTR5.2.1 (b) to (h). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to DTR5.2 unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with national practices (e.g. identification of funds managed by management companies). (vi) The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect. (vii) The total number of voting rights held in the issuer shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended. (viii) If the holding has fallen below the lowest applicable threshold, please note that it might not be necessary to disclose the extent of the holding, only that the new holding is below that threshold. (ix) In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns - if there is no combined holdings, please leave the relevant box blank. (x) Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends. (xi) If the financial instrument has such a period - please specify this period - for example once every 3 months starting from [date]. (xii) In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (DTR 5.3.3.A). (xiii) If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies. (xiv) The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity has to be presented also in the cases, in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification as only thus the markets get always the full picture of the group holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively held the chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.). (xv) The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespectively whether the controlled undertakings cross or reach the lowest applicable threshold themselves. (xvi) Example: Correction of a previous notification. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. 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. END HOLEANDLEDKFEFA (END) Dow Jones Newswires March 05, 2021 02:00 ET (07:00 GMT) Amigo Share Price Today Amigo Share Price Chart Amigo Share Chat Amigo News Amigo Share Price History Amigo Financials Amigo Dividends Amigo Trades Amigo Level 2 Add Amigo to Watchlist Add Amigo to your Portfolio Amigo Share Price Alert
22/2/2021
18:14
markie7: EK Piece - The central feature of guarantor based lending is that the lender extends credit to somebody to whom it should not really lend. And the lender does this because the borrower is guaranteed by AN Other who is found acceptable to the lender. It does not take a great deal of imagination to see that these guarantees are called. It was on this basis that Amigo (LON:AMGO) started off its quoted life in mid 2018 at around 300p and then the trouble started since AMGO did not take the trouble to check the borrower’s common sense. So instead of AMGO’s debt collectors cheerfully pestering the grannies of England, they experienced counterclaims galore. The FCA investigated and, as a result by late 2020, AMGO was insolvent with the debt collectors demanding their money back since they had paid to acquire a debt which, ab initio, could not be collected. However, a new board decided that, provided they could get the debt collectors to write down their claims in a Scheme of Arrangement (they really had and have no choice), AMGO would emerge from collapse shaken but not stirred. Thus the share price bottomed at 7p and now stands at 10p. Apparently everything is set up to see AMGO trade again, subject to the High Court agreeing the Scheme in latish March. The alternative would be for the debt collectors to come up with a Scheme which left rather less on the table for equity holders. But they have have neither the time nor the money (due to walloping professional fees) to contemplate such a step. It is much wiser for them to take a hit and then sit around for new improved AMGO to sell to the debt collectors further doubtful debts. Only this time the debts will carry the acceptability imprimatur provided by the FCA. I have bought circa 3m AMGO at 10p and expect to double or treble my dough by 30th June 2021.
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