Scheme of Arrangement: update on creditor voting and FCA letter
Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, provides an update on the Scheme of Arrangement (the Scheme ) of ALL Scheme Ltd ( SchemeCo ) announced on
25 January 2021, following the closing date for online voting and proxy appointment ahead of the creditor meeting to be held on
12 May 2021.
As at the closure of the online voting portal, the Company has received a total of 74,866 votes in favour of the Scheme and 3,862 votes against. The votes in favour of the Scheme represent approximately 95.1% of the total number of votes cast and approximately 95.7 % of the value of the claims of all creditors who have so far voted. 715 creditors, who have registered to attend the creditors meeting on the
New manager for H&H Land & Estates
Anya Caine, of H&H Land & Estates
A new branch manager has been appointed by H&H Land & Estates for its Cockermouth and Keswick offices.
Anya Caine has been taken on by the independent rural property sales and lettings agency and will help it solidify it presence across the region.
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She said: “Joining the H&H Land and Estates team is an exciting opportunity for me.
“The existing teams at both Cockermouth and Keswick are highly skilled and I want to work with them to broaden our reach and continue to meet our clients needs in these ever-changing times.”
Lorna Cobbett Tel: +44 (0) 7771 344 781
Notes to Editors: § £15.0 million in cash will initially be made available for claims under the Scheme, with up to a potential further £20.0 million dependent on the volume of claims received from current customers relating to loans with outstanding balances. Amigo will continue to be responsible for all customer balance adjustments in full. § Amigo will make an annual cash contribution to the Scheme based on 15.0% of pre-tax profit for the next four financial years beginning on 1 April 2021 up to 31 March 2025.
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.