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Amigo Holdings PLC (AMGO.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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0.1500-0.0250 (-14.29%)
At close: 04:28PM GMT
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  • Reuters

    Subprime lender Amigo says open to proposals for reverse takeover

    LONDON (Reuters) -Subprime lender Amigo Holdings on Monday said it continues to be open for a reverse takeover as the only possible prospect of delivering future value, after having received a number of unsuccessful tentative indications of interest. "We believe that a reverse takeover is the only possible prospect of delivering any future value for shareholders," CEO Danny Malone said in a statement. The company said it has agreed the sale of its RewardRate portfolio and has started the sale process of its Amigo Loans' charge-off portfolio.

  • Reuters

    Troubled UK lender Amigo agrees for shareholder to seek financing options

    Amigo said in March it would wind down after failing to raise sufficient funds to continue, having been pushed to the brink of collapse by the cost of compensating past customers for mis-sold loans. The company said the agreement would not stop it from progressing with the disposal of assets under its wind-down plan, under which there is no expected residual value for shareholders. The exclusivity agreement with Fleming expires on Sept. 6, during which Amigo cannot borrow funds from any other source.