Amigo Holdings PLC has successfully placed 23,766,400 new ordinary shares at an issue price of 0.25p per share. These shares have been admitted to listing on the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange. The First Placing Shares rank pari passu with the existing ordinary shares of the Company. The notice of General Meeting to approve the issue of the 71,252,800 Second Placing Shares is expected to be posted to shareholders next week.
Following the Admission, the total number of ordinary shares in the Company with voting rights is 499,100,160. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Amigo Holdings PLC, a public limited company registered in England and Wales, provided guarantor loans in the UK from 2005 to 2020 and unsecured loans under the RewardRate brand from October 2022. The company's subsidiaries have ceased offering new loans and are in the process of an orderly solvent wind-down of the business. Amigo Loans Ltd and Amigo Management Services Ltd are authorised and regulated in the UK by the Financial Conduct Authority.
Beaumont Cornish Limited is the Company's Sponsor and is acting exclusively for the Company in relation to the matters described in the announcement. The company is not advising any other person and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.