Amigo Holdings PLC

Legal Proceedings Report • Mar 8, 2022

National Storage Mechanism | Additional information

RNS Number : 1000E

Amigo Holdings PLC

08 March 2022

8 March 2022

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

Scheme of Arrangement: Update on first Court Hearing

Amigo Holdings PLC (LSE: AMGO) provides an update on the Schemes of Arrangement (the 'Schemes') of ALL Scheme Ltd ('SchemeCo') announced on 6 December 2021, following the Court convening hearing which took place today, Tuesday 8 March 2022.

Subject to finalising the documents, the Judge has indicated that he is minded to make an order convening the Creditors' Meeting. The Creditors' Meeting is currently scheduled to be held on 12 May 2022.

The Court was informed by Lord Justice Snowden that a final judgment should be expected in the next few days.  Amigo will provide a further update as soon as a final judgement is available.

ENDS

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.

Contacts:

Amigo Holdings PLC       investors@amigo.me                                      

Kate Patrick                        Head of Investor Relations         

Roger Bennett                  Company Secretary                                       

Media enquiries              Amigoloans@lansons.com 

Ed Hooper                          07783 387713

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