Director/PDMR Shareholding

RNS Number : 3592N

Amigo Holdings PLC

23 September 2019

 

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

23 September 2019

Amigo Holdings PLC ("Amigo" or the "Company")

Employee SAYE scheme and Director/PDMR shareholding

Amigo Holdings PLC (LSE: AMGO), the leading provider of guarantor loans in the UK, announces that the Company was notified on 23 September 2019 of the following share option grants to Directors and PDMR of the Company under the Company's HMRC approved Save as You Earn scheme ("SAYE"). 

Under the 2019 SAYE, certain employees of the Company have chosen to participate in the SAYE, resulting in them today being granted options to subscribe for in aggregate 1,049,535 ordinary shares of 0.25 pence each in the capital of the Company ('SAYE Options'). The SAYE Options have an exercise price, calculated in accordance with the rules of the SAYE, of 63.68p per SAYE Option.

Pursuant to the 2019 SAYE, open to all eligible employees as defined by the scheme, the Directors and PDMRs detailed below elected to participate and have received, in aggregate, 84,798 SAYE Options.

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	Hamish Paton
2.	Reason for notification
b)	Position / status	Chief Executive Officer / Director
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 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.6368 28,266
d)	Aggregated information Aggregated volume Price	N/a
e)	Date of the transaction	23 September 2019
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	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 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.6368 28,266
d)	Aggregated information Aggregated volume Price	N/a
e)	Date of the transaction	23 September 2019
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 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.6368 28,266
d)	Aggregated information Aggregated volume Price	N/a
e)	Date of the transaction	23 September 2019
f)	Place of the transaction	Outside of a trading venue

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  [e-mail]                          Tel:      01202

Kate Patrick, Head of Investor Relations       

Roger Bennett, Company Secretary                          

Hawthorn Advisors      [e-mail]          Tel:      [phone]

Lorna Cobbett

Victoria Ainsworth

Notes to Editors:

About Amigo Loans

Amigo Holdings PLC ("Amigo" or the "Company") is listed on the main market of the London Stock Exchange (ticker: AMGO). Amigo is a leading provider of guarantor loans in the UK and offers access to mid-cost credit to those who are unable to borrow from traditional lenders due to their credit histories.

The guarantor loan concept introduces a second individual to the lending relationship, typically a family member or friend with a stronger credit profile than the borrower. This individual acts as guarantor, undertaking to make loan payments if the borrower does not.

Amigo was founded in 2005 and has grown to become the UK's largest provider of guarantor loans in the UK. In the process, Amigo's guarantor loan product has allowed borrowers to rebuild their credit scores and improve their ability to access credit from mainstream financial service providers in the future.

Amigo is a mid-cost credit provider with one simple and transparent product - a guarantor loan at an APR of 49.9%, with no fees, early redemption penalties or any other charges.

Amigo Loans Ltd and Amigo Management Services Ltd are authorised and regulated in the UK by the Financial Conduct Authority (FCA).

 

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