Directorate Change

3 October 2022

Amigo Holdings PLC

("Amigo" or the "Company")

Directorate Change

Amigo Holdings PLC (LSE:AMGO), a provider of mid-cost credit in the UK, announces Jerry Loy will join the Board as a Non-Executive Director, effective immediately. Jerry will also take over as Chair of the Audit Committee at Amigo, subject to approval for the role of Chair of the Committee by the Financial Conduct Authority under the Senior Managers Regime.

Jerry has over 30 years of experience working in financial services with a focus on accounting and audit. He is a Fellow of the Institute of Chartered Accountants in England and Wales. He has led the development of both small and large companies, from start-up and growth right through to maturing. Jerry has gained valuable financial company and operational experience with KPMG, The Capital Group and the Swiss private banking arms of two Middle Eastern banks, QNB Banque Privée (Suisse) SA and NBAD Private Bank (Suisse) SA. He has also managed programmes for the UK Government's Department for International Trade and the Japanese Government's Ministry of Foreign Affairs.

Jerry is currently a Non-Executive Director of Redwood Bank, a UK challenger bank where he Chairs the Audit Committee. He is a board member and Chair of the Audit Committee of Fiinu PLC, an AIM listed regulated Fintech company and its trading subsidiary. He also holds Non-Executive roles with All African Capital Limited, a project to build a bank, and is an advisory member of Auticon UK, an unlisted recruitment consultancy focused on neuro-diverse IT consultants. He is also a co-opted member of the Audit and Assurance Committee of Curo Group, a Housing Association and Developer.   

Jonathan Roe, Chair said: "It is our pleasure to welcome Jerry to the Board and to Amigo. He will bring insight as Amigo seeks to return to lending. His audit and regulatory experience, combined with a commitment to open and transparent engagement with all stakeholders will be a valuable addition to our Board."

Jerry Loy, Non-Executive Director said: "Amigo is a business that offers a financial solution for its customers who are not able to access finance from mainstream lenders and are consistently being overlooked. I feel very strongly about supporting customers that are facing financial exclusion and I want to be a part of a business that offers customers an opportunity to access credit when they need it."

There are no additional matters that would require disclosure under LR 9.6.13R (1) to (6) in relation to this appointment.

Following the above change, the total number of Directors on Amigo's Board will consist of four independent Non-Executive Directors, including the Chair, and two Executive Directors.

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.

Enquiries

Company

Amigo Holdings PLC                       [email protected]                           

Kate Patrick                                        Head of Investor Relations    

Roger Bennett                                    Company Secretary                          

Media enquiries                                [email protected] 

Ed Hooper                                          07783 387713            

Peel Hunt LLP                                   020 7418 8900

Andrew Buchanan

Oliver Jackson

Sam Milford

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