Amigo Share Discussion Threads

[chinese investor] 09/6/2023 08:02

My Share For 2023 !

[tomboyb] 09/6/2023 07:10

Amigo Holdings PLC Market Update
09/06/2023 7:00am
UK Regulatory (RNS & others)

Amigo (LSE:AMGO)
Intraday Stock Chart

Friday 9 June 2023

Click Here for more Amigo Charts.
TIDMAMGO

RNS Number : 1823C

Amigo Holdings PLC

09 June 2023

9 June 2023

Amigo Holdings PLC

Market Update

Amigo Holdings PLC ("Amigo" or "the Company"), a provider of mid-cost credit in the UK, announced that it had started an orderly solvent wind-down of the business in March 2023, following an extensive but unsuccessful capital raise process. The Company has been approached by Michael Fleming, a financier and shareholder, to request an exclusivity agreement in relation to the business (the "Agreement") which Amigo has agreed to. This is to allow Mr. Fleming, to explore finding and completing a debt investment in the Company or its subsidiaries. The period of exclusivity expires on 6 September 2023. Parties interested in providing debt investment should contact [e-mail] in the first instance.

The Agreement will not stop the Company or its subsidiaries progressing with the disposal of assets under its wind-down plan or acting on any approach governed by the Takeover Code. Shareholders should note that there remain significant impediments to any new capital being made available to the business. In addition, establishing a new business and potentially creating value for shareholders in the longer term, has significant execution risks and will require regulatory approval. The Board recognises the very low likelihood of a successful conclusion to any discussions arising because of this Agreement but is pursuing the Agreement in line with its duties under the Companies Act to consider the interests of all stakeholders, including creditors, shareholders and employees. Under the Fallback Solution of Amigo's Scheme of Arrangement (the orderly wind down of the Amigo Loans Ltd business), there is no expected residual value for shareholders.

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

[brocksford] 07/6/2023 09:18

I doubt it very much.

[1choip] 07/6/2023 08:30

wonder jb would make an offer on this?

[kreature] 01/6/2023 13:17

Hi all. I'm looking for a solid long term safe investment. Is this any good. ?

[1choip] 01/6/2023 11:35

Take-over?

[g2theary] 29/5/2023 21:57

How is this still trading :D

[chinese investor] 18/5/2023 12:35

Surely this is shorters closing their positions !

[123davidgwilym] 18/5/2023 12:08

Who’s been sucking them in?

[1choip] 18/5/2023 09:17

Ready for 2p call?

[marmar80] 18/5/2023 08:12

NSF joining the club, soon there will be no company left on the market offering non standard loans.

[spirito] 18/5/2023 08:07

seems theres another

[the_punted_mug] 29/4/2023 19:24

Gutted I missed the P&D the other week.Looked a good en!

[1choip] 21/4/2023 08:12

time to smash over 1p

[blackhorse23] 20/4/2023 12:06

Moved to GATC few months ago which is rewarding

[blackhorse23] 20/4/2023 12:06

Bankrupt stocks

[1liam] 20/4/2023 10:46

Good luck to genuine shareholders.I'm off to watch EEE drop back to 1p

[1liam] 20/4/2023 10:43

That's because you're a moron. I sold out at 205% profit.