Business
Covid-19 Trading Update
Covid-19 Trading Update.
About this update from Amigo Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 2956H\n Amigo Holdings PLC\n 24 March 2020\n \n \n \n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n 24 March 2020\n \n \n \n \n \n \n \n \n Amigo Holdings PLC\n \n \n (\"Amigo\" or the \"Company\")\n \n \n \n \n \n \n \n \n Covid-19 Trading Update\n \n \n \n \n \n In light of the UK government's efforts to combat Covid-19 and given the ongoing uncertainty that the economic implications of Covid-19 could have for our customer base, Amigo has taken the decision to temporarily pause all new lending activity, except for lending to key workers in exceptional circumstances. \n \n \n \n \n The Amigo employees freed up from the pause in lending activity will transition into other teams to increase the capacity of the teams that talk to our existing customers, particularly where customers have a need for forbearance, given changes in their financial circumstance. We will reassess our approach to new lending on a regular basis. \n \n \n Amigo is mindful that it has a requirement to maintain as normal a service as possible to existing customers, while also protecting the health of our employees. We have ensured as many of our employees as possible are working remotely from home, in accordance with the UK government advice. \n \n \n The Company further confirms the Board is continuing with the Formal Sale Process and Strategic Review outlined on 27 January 2020.\n \n \n \n \n \n Contacts: \n \n \n \n \n \n Company\n \n \n Amigo Holdings PLC \n \n [email protected]\n \n \n \n \n Kate Patrick Head of Investor Relations \n \n \n Roger Bennett Company Secretary\n \n \n \n \n \n Investor Relations\n \n \n Hawthorn Advisors [email protected]\n \n \n Lorna Cobbett Tel: +44 (0)20 3745 4960\n \n \n \n \n \n Corporate Broker and Lead Financial Adviser\n \n \n RBC Capital Markets Tel: +44 (0)20 7653 4000\n \n \n Oliver Hearsey\n \n \n Marcus Jackson (Corporate Broking)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Joint Financial Adviser\n ...