and Regulatory, Complaints and Covid-19 payment holiday Update Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, provides an update on its announcement dated 21 December 2020, titled Potential Scheme of Arrangement , and on the other matters set out below. Amigo Holdings PLC has recently incorporated a new wholly owned subsidiary, ALL Scheme Ltd ( SchemeCo ), for the purpose of SchemeCo applying for a Scheme of Arrangement under Part 26 of the Companies Act 2006 ( Scheme ), as envisaged in the RNS dated 21 December 2020. As the first formal step for a Scheme, SchemeCo is today issuing a letter to customers (borrowers and guarantors) and the Financial Ombudsman Service ( FOS ) pursuant to Practice Statement (Companies: Schemes of Arrangement under Part 26 and Part 26A of the Companies Act 2006 dated 26 June 2020) ( the Letter ). A copy of the Letter can be found at www.amigoscheme.co.uk. The Court convenin
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Establishment of a Joint Share Ownership Plan
Acquisition by Director of an award of Joint Ownership Interests and Issue of Shares under Joint Share Ownership Plan
Bilby Plc (AIM: BILB), a leading supplier of gas heating, electrical and building services, is pleased to announce the establishment of The Bilby Employees Joint Share Ownership Plan ( the Plan ). The Plan is designed with a view to encouraging a direct interest in shares by senior employees on terms which provide an incentive to focus on share price growth. This is achieved by the participant s interest being limited to growth in share values in excess of a carry charge as set out below.
Potential Scheme of Arrangement
Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, announces that the Board has decided to pursue the use of a Scheme of Arrangement under Part 26 of the Companies Act 2006 ( Scheme ) in relation to the group s Redress Claims (as defined below). The Directors believe that a successful Scheme will provide certainty to the total liability arising from customer complaints.
Whilst the Scheme will not enable all claims relating to customer redress issues arising from unaffordable lending ( Redress Claims ) to be paid in full, the Directors have now decided that a Scheme is the best vehicle for addressing customer Redress Claims. A key objective is that all customers are treated equitably.
Interim Financial Statements for the period to 30 September 2020 LendInvest Secured Income plc (the Company ), a wholly owned subsidiary of LendInvest Limited ( LendInvest ), the platform for property finance, has published its interim financial statements for the six month period to 30 September 2020. The Company has also delivered those interim financial statements to U.S. Bank Trustees Limited, as trustee of the Company s £500,000,000 Euro Medium Term Note Programme. To review the Company s interim financial statements for the period ending 30 September 2020, please visit: http://docs.lendinvest.com/web/public-pdfs/bonds/interim-financials-plc-sep-2020.pdf For further information, please contact: Leigh Rimmer | [email protected] | +44 (0)203 846 6820 IMPORTANT INFORMATION This announcement is released by LendInvest Secured Income plc and contains information that qualified or may have qualified as inside informat