Appointment of Chairman

RNS Number : 4147T

Amigo Holdings PLC

19 July 2020

 

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

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

20 July 2020

Amigo Holdings PLC

("Amigo" or the "Company")

Appointment of Chairman

Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, announces Jonathan Roe will join the Board as Non-Executive Director and Chairman designate. Jonathan's appointment as a Non-Executive Director is expected to be effective from 1 August 2020. His appointment as Chairman will be subject to approval of the Financial Conduct Authority under the Senior Managers Regime. 

Jonathan has  extensive experience of advising listed and regulated companies. He has 25 years of experience advising public companies on major corporate transactions, principally with Dresdner Kleinwort as a senior member of their Equity Capital Markets team, where his clients included Norwich Union, Orange, Rosneft, HBOS and M&A and related fund raising activity for BAE Systems, 3i Group, Provident Financial and Avis Europe. 

Jonathan was recently Non-Executive Chairman of Vanquis Bank for three and a half years, having been a Non-Executive Director for four years prior to his appointment as Non-Executive Chairman. He has experience of chairing the Remuneration, Audit, Nomination and Risk Committees of Vanquis Bank. Jonathan was a Non-Executive Director for Automobile Association Insurance Services Limited for six years where he chaired its Audit Risk & Compliance Committee and Remuneration Committee.  

Jonathan will also take over the Chairmanship of the Nomination Committee at Amigo from the current acting Chairman, Roger Lovering, following a suitable handover period. He will also be a member of the Remuneration and Risk Committees.

Roger Lovering, acting Chairman said: "We are delighted to welcome Jonathan to Amigo and also to the Board. His tremendous commercial, regulatory and public listed experience, including with customer focused businesses, will be a valuable addition to our Board."

Jonathan Roe, Non-Executive Director and Chairman designate said : " I am delighted to become Amigo's new Chairman. I am joining a team where everyone shares a common belief in Amigo's business and product, as well as its ability to serve its current and future customers' needs. I do not underestimate the near term challenges that Amigo is facing and fully recognise the uncertainties that many of our customers are currently facing too."

Following the appointment of Jonathan, the total number of Directors on Amigo's Board will consist of three independent Non-Executive Directors, including the Chairman designate and two Executive Directors. The Board of Amigo is continuing its dialogue with several potential candidates about further Non-Executive appointments.

This announcement contains inside information for the purposes of article 7 of Regulation 596/2014 ("MAR").

There are no additional matters that would require disclosure under LR 9.6.13R (1) to (6) in relation to this appointment.

Contacts:

Company

Amigo Holdings PLC  [e-mail]  

Kate Patrick   Head of Investor Relations 

Roger Bennett   Company Secretary

Media

Hawthorn Advisors  [e-mail]

Lorna Cobbett  Tel: [phone]

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for this announcement is Roger Bennett, Company Secretary.

Senior Secured Notes

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.

ENDS

 

END

 

 

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