Board Changes

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       [email protected]                                      

Kate Patrick                       Head of Investor Relations         

Roger Bennett                  Company Secretary                                       

Media enquiries              [email protected] 

Tom Baldock                      07860 101715

Ed Hooper                          07783 387713    

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