Amigo Holdings PLC

Share Issue/Capital Change • Oct 5, 2020

National Storage Mechanism | Additional information

RNS Number : 1572B

Amigo Holdings PLC

05 October 2020

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

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

5 October 2020

Amigo Holdings PLC

("Amigo" or the "Company")

Update on Waiver of Lock-up Arrangements

In connection with Amigo's initial public offering in 2018 (the "IPO"), certain directors, senior managers and employees (the "Lock-up Participants") of the Company were, for a period of three years from the date of admission of Amigo's shares to trading, party to lock-up agreements which restricted their ability to sell, transfer or otherwise engage in certain transactions related to their shares. Under the terms of the lock-up agreements, shares subject to lock-up would be released in three equal instalments on the first, second and third anniversaries of the IPO. The final lock-up period is scheduled to end on 3 July 2021 (the "Lock-up Release Date").

Further to the announcement on 30 September 2020, Amigo has today consented to the waiver of the lock-up provisions entered into between all remaining Lock-up Participants and the Company. The effect of the waiver is to bring forward the Lock-up Release Date from 3 July 2021 to 6 October 2020.

As a result of the waiver, the Company estimates that 8,258,681 shares (being 1.74% of the issued share capital), may become eligible for sale in the public market at the opening of trading on 6 October 2020. Of the shares released from lock-up, the following relate to directors and PDMR of the Company and a former director, Stephan Wilcke:

Individual and status	Lock-up shares released	% of issued share capital
Roger Lovering (director)	111,145	0.02%
Richard Price (director)	111,145	0.02%
Naynesh Patel (PDMR)	711,720	0.15%
Nicholas Beal (PDMR	289,942	0.06%
Stephan Wilcke (former director)	3,985,205	0.84%

The consenting to a waiver of the lock-up provisions entered into between Stephan Wilcke and the Company for 3,985,205 shares constitutes a smaller related party transaction for the purposes of Listing Rule 11.1.10R.

Contacts:

Company

Amigo Holdings PLC          investors@amigo.me                    

Kate Patrick                        Head of Investor Relations         

Roger Bennett                    Company Secretary

Media

Hawthorn Advisors           amigo@hawthornadvisors.com

Lorna Cobbett                   Tel: +44 (0)20 3745 4960

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.

The information required under the Companies Act 2006 s.430 (2B) is available on our website

Senior Secured Notes

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

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