Announcement under Listing Rule 9.6.13R

RNS Number : 6472X

Amigo Holdings PLC

30 April 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

30 April 2019

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

Announcement under Listing Rule 9.6.13R

In accordance with Rule 9.6.13R of the Listing Rules of the UK Financial Conduct Authority, Amigo hereby makes the following disclosures in respect of Hamish Paton, who will become a director of the Company following FCA approval of his proposed appointment as a director.

In accordance with 9.6.13 (3) Amigo hereby makes the following disclosures. Mr Paton was a director of a Brighthouse Group Ltd ("Brighthouse") and certain of its subsidiaries, on 2 February 2018, when it entered into a scheme of arrangement to restructure the equity and capital structure of Brighthouse, with the holders of the £220 million Bond issued by Brighthouse Group Ltd. As a result of the restructure, the bondholders accepted, in exchange for release of the liability newly issued debt instruments and a share in the equity of the restructured group. Further details are available at http://www.brighthousegroup.co.uk/new/.

There are no other matters in respect of Mr. Paton requiring disclosure under UK Listing Rules 9.6.13(1) to  9.6.13 (2) and 9.6.13 (4) to  9.6.13(6) inclusive.

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.

-ENDS

Contacts:

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 the 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, with approximately 88% UK product share as of 31 March 2018. 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).

 

END

 

 

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