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

FOR IMMEDIATE RELEASE

27 August 2021

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

Grant of Long Term Incentive Plan ("LTIP")

Amigo Holdings PLC (LSE: AMGO) announces that on 27 August 2021, awards comprising nil-cost options over 4,350,000 ordinary shares of 0.25 pence each in the Company ("Shares") were granted to managers under the Amigo Holdings PLC 2019 Long Term Incentive Plan (the "Awards"). In making the Awards the Board recognises the need to maintain core critical skills and knowledge across the wider management team below Board level. Retention of good staff with core competencies to help move the business forward will remain a challenge given the difficult financial position and uncertainty facing the Company currently.

The vesting of the Awards is conditional on meeting performance conditions measured over a three-year period as described below. The number of shares that vest at the end of the three year performance measurement period will be determined in accordance with the Vesting Schedule outlined in column 5 of the table below. There is a further holding period of two years following the vesting of the Awards. 

Performance conditions

The Awards shall be subject to the following Performance Conditions, and determined by the Board by reference to the weightings and vesting schedule also shown below:

In relation to the EPS Performance Condition, the applicable Performance Period shall commence on 1 October 2021 and end on 30 September 2024. The EPS Hurdle shall be the base for comparison against EPS for the subsequent Performance Period. 

In relation to the Absolute Total Shareholder Return Performance Condition and the Non-financial measures, the applicable Performance Periods shall commence on 1 September 2021 and end on 31 August 2024.

The participants are required to hold any Shares arising at vesting, for a period of 2 years following the end of the Performance Period ending on 30 September 2024.

Malus and clawback provisions are also in place to reduce or recover the Awards for criteria such as any material misstatement of the financial statements, a serious breach of the Company's code of ethics or a serious health and safety issue

 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.

-ENDS

Contacts:

Amigo Holdings PLC       [email protected]                                      

Kate Patrick                      Head of Investor Relations         

Roger Bennett                 Company Secretary                                       

Media enquiries              [email protected] 

Tony Langham                  07979 692287 

Tom Baldock                     07860 101715

Ed Hooper                         07783 387713