We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Amigo Holdings Plc | LSE:AMGO | London | Ordinary Share | GB00BFFK8T45 | ORD 0.25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.265 | 0.25 | 0.28 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Personal Credit Institutions | 19.3M | -34.8M | -0.0732 | -0.04 | 1.24M |
From Apr 2019 to Apr 2024
TIDMAMGO
RNS Number : 5049Q
Amigo Holdings PLC
26 February 2021
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
26 February 2021
Amigo Holdings PLC ("Amigo" or the "Company")
Grant of Long Term Incentive Plan ("LTIP")
Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, announces that on 26 February 2021, awards comprising nil-cost options over 2,500,000 ordinary shares of 0.25 pence each in the Company ("Shares") were granted to senior managers under the Amigo Holdings PLC 2019 Long Term Incentive Plan (the "Awards"). The allocation of the Awards are as follows:
Hot Features
Premium
Senior manager Role Award
Shaminder Rai Chief Transformation Officer 1,500,000
------------------------------ ----------
Nicholas Beal Chief Restructuring Officer 1,000,000
------------------------------ ----------
Total 2,500,000
----------
The vesting of the Awards is conditional on meeting performance conditions measured over a three-year period as described below and also, for Mr Rai, will be subject to his successful authorisation under the Senior Manager Regime by the FCA. There is a further holding period of two years following the vesting of the Awards.
Performance conditions
The Awards shall be subject to the following Performance Conditions, and determined by the Board by reference to the weightings and vesting schedule also shown below:
Performance Applicable Performance Weighting Vesting
Condition terms target (% of schedule
over the award) (% vesting,
applicable threshold
Performance - max)
Period
EPS growth Statutory EPS Growth of EPS 30% 0% - 100%
adjusted, at over straight
the the EPS Hurdle line above
discretion of over the Hurdle
the Performance
Remuneration Period.
Committee, to EPS Hurdle is
remove the 1p.
impact Target for
of provisions full
for vesting is 4p.
complaints
that are not
fulfilled
over the
period
of
measurement
and for any
other
non standard
distortions.
------------------------- -------------------------- --------------------- -----------------------
Absolute Measures the Growth of ATSR 40% 0% - 100%
Total growth over the ATSR Straight
Shareholder in the Hurdle line above
Return (ATSR) potential over the ATSR Hurdle
value of an Performance
Amigo Period.
share over ATSR Hurdle is
the 14p.
Performance Target for
Period full
- that is, vesting is
the 40p.
amount the
share
price has
appreciated
plus the
dividends
paid.
------------------------- -------------------------- --------------------- -----------------------
Test against
internal
t argets for
corporate
culture,
conduct
risk matters,
diversity
and
Measures the inclusiveness
effectiveness and other ESG
of the steps taken measures.
by the Awardees Benchmark
to ensure Amigo against
adheres to the external
Non-financial standards expected expectations
measures by all stakeholders. over period. 30% 0% - 100%
------------------------- -------------------------- --------------------- -----------------------
In relation to the EPS Performance Condition, the applicable Performance Period shall commence on 1 April 2021 and end on 31 March 2024. The EPS Hurdle shall be the base for comparison against EPS for the subsequent Performance Period.
In relation to the Absolute Total Shareholder Return Performance Condition and the Non-financial measures, the applicable Performance Periods shall commence on 1 March 2021 and end on 29 February 2024.
The participants are required to hold any Shares arising at vesting, for a period of 2 years following the end of the Performance Period ending on 31 March 2024.
Malus and clawback provisions are also in place to reduce or recover the Awards for criteria such as any material misstatement of the financial statements, a serious breach of the Company's code of ethics or a serious health and safety issue
The below information and notification is 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 Shaminder Rai
=== ======================== ============================================
2. Reason for notification
=== ======================================================================
b) Position / status Chief Transformation Officer
=== ======================== ============================================
c) Initial notification Initial notification
/ amendment
=== ======================== ============================================
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 Ordinary shares of GBP0.0025 each
the financial GB00BFFK8T45
instrument
Identification
code
=== ======================== ============================================
b) Nature of the Grant of options to acquire ordinary shares
transaction under the Company's Long Term Incentive
Plan. Subject to the rules of the scheme,
the option will be exercisable in 2024.
=== ======================== ============================================
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost 1,500,000
----------
=== ======================== ============================================
d) Aggregated information 1,500,000
Aggregated volume Nil cost
Price
=== ======================== ============================================
e) Date of the transaction 26 February 2021
=== ======================== ============================================
f) Place of the Outside of a trading venue
transaction
=== ======================== ============================================
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 Restructuring Officer
=== ======================== ============================================
c) Initial notification Initial notification
/ amendment
=== ======================== ============================================
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 Ordinary shares of GBP0.0025 each
the financial GB00BFFK8T45
instrument
Identification
code
=== ======================== ============================================
b) Nature of the Grant of options to acquire ordinary shares
transaction under the Company's Long Term Incentive
Plan. Subject to the rules of the scheme,
the option will be exercisable in 2024.
=== ======================== ============================================
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost 1,000,000
----------
=== ======================== ============================================
d) Aggregated information 1,000,000
Aggregated volume Nil cost
Price
=== ======================== ============================================
e) Date of the transaction 26 February 2021
=== ======================== ============================================
f) Place of the Outside of a trading venue
transaction
--- ------------------------ --------------------------------------------
Details of Persons Discharging Managerial Responsibilities
"PDMR" / person closely associated with them ('PCA')
--- ----------------------------------------------------------------------
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 Kate Patrick Head of Investor Relations Roger Bennett Company Secretary Hawthorn Advisors amigo@hawthornadvisors.com Lorna Cobbett Tel: +44 (0)20 3745 4960
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
DSHSEFFSMEFSEDE
(END) Dow Jones Newswires
February 26, 2021 05:33 ET (10:33 GMT)
1 Year Amigo Chart |
1 Month Amigo Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
