Amigo Holdings PLC Board Changes (8954N)
June 06 2022 - 12:08PM
UK Regulatory
TIDMAMGO
RNS Number : 8954N
Amigo Holdings PLC
06 June 2022
6 June 2022
Amigo Holdings PLC
("Amigo" or the "Company")
Board Changes
Amigo Holdings PLC (LSE: AMGO), a provider of guarantor loans in
the UK, announces the following Board changes.
Chief Financial Officer
Danny Malone will join the Board as Chief Financial Officer
("CFO") and as an Executive Director. His appointment as an
Executive Director is subject to approval under the Senior
Managers' Regime, by the Financial Conduct Authority. Danny has
been acting as Interim CFO since February 2022.
Danny has a wealth of experience, including at board level in a
variety of financial services companies. A qualified chartered
accountant, he has held senior management and executive board level
positions with Everyday Loans Limited as Chief Executive Officer,
Finance Director and founder, Citifinancial Europe PLC as Chief
Executive Officer and Chief Financial Officer, and Avco Trust PLC
as Finance Director. He has also served as Chief Executive of Perch
Group.
He is currently Non-Executive Chair of Floan Limited, a start-up
fintech online loan company servicing travel agents, and a
Non-Executive Director of The Personal Finance Centre Limited, both
non-listed companies.
There are no additional matters that would require disclosure
under LR 9.6.13R (1) to (6) in relation to this appointment.
Senior Independent Director
Maria Darby-Walker, an existing Non-Executive Director, has been
appointed as Senior Independent Director of the Company, subject to
approval under the Senior Managers' Regime, by the Financial
Conduct Authority.
Following the appointment of Danny, the total number of
Directors on Amigo's Board will consist of three independent
Non-Executive Directors, including the Chair, and two Executive
Directors.
Jonathan Roe, Chair said: "We are delighted that Danny Malone
has agreed to join Amigo's Board as an Executive Director and CFO.
He proved his credentials for the role whilst acting as Interim CFO
and brings to the Board a wealth of business acumen and financial
management expertise gained from working in the consumer finance
sector."
"I am also delighted that Maria Darby-Walker is taking on the
role of Senior Independent Director. The whole executive team has
moved mountains to get us to our current position and deserve
wholesome praise. In like terms, our Non-Executive Directors, Maria
Darby-Walker and Michael Bartholomeusz, since they joined the Board
some 18 months ago, have been unstinting with their time, care and
effort to help guide Amigo through the issues the company has
faced."
Danny Malone, CFO said: " I am very happy to be part of a
refreshed Board at Amigo. I am looking forward to helping Amigo
overcome the remaining hurdles of returning to lending and building
a successful new business for an underserved customer base."
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.
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.
Company
Amigo Holdings PLC investors@amigo.me
Kate Patrick Head of Investor Relations
Roger Bennett Company Secretary
Media enquiries Amigoloans@lansons.com
Tom Baldock 07860 101715
Ed Hooper 07783 387713
-ENDS-
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END
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