Business
Employee Share Schemes & Total Voting Rights
Employee Share Schemes & Total Voting Rights.
About this update from Amigo Resources Plc
[{"type":"text","content":"\n \n \n \n 3 April 2023\n \n \n \n \n Amigo Holdings PLC\n \n \n \n \n \n \n \n Update on Employee Share Schemes and Total Voting Rights\n \n \n \n Amigo Holdings PLC (\"Amigo\" or \"the Company\"), a provider of mid-cost credit in the UK reports, following the announcement on 23 March 2023 that the Company was reverting to an orderly wind-down of the business, on the changes noted below to the Company's share schemes. \n \n \n \n Long Term Incentive Plan ('LTIP')\n \n \n \n With effect from 31 March 2023, all outstanding awards in favour of directors, PDMR and employees made under the Amigo Holdings PLC Long Term Incentive Plan were cancelled for nil consideration. At the time of the cancellation, there were outstanding LTIP awards over 8,047,349 ordinary shares of 0.25 pence each in the Company (\"Ordinary Shares\"). Over the course of the period since the introduction of the LTIP, no LTIP awards over Ordinary Shares have vested. Details of the cancelled LTIP held by PDMR, totalling awards over 3,500,000 Ordinary Shares are set out in the tables below. \n \n \n \n All Employee Shares Incentive Plan (\"SIP\")\n \n \n \n With effect from 31 March 2023 the Company's SIP ceased to accept all new contributions made on behalf of participants. In due course, following distribution of the assets retained in the SIP, the Company will seek to wind up the SIP, in line with the requirements of the SIP and the HMRC.\n \n \n \n Save As You Earn (\"SAYE\")\n \n \n \n The Company intends to close the SAYE to all new contributions from participants and will return to participants their contributions. In due course, following distribution of the cash held in the SAYE, the Company will seek to wind up the SAYE, in line with the requirements of the SAYE and the HMRC. As a result of the closure of the SAYE, all outstanding SAYE options over Ordinary Shares will be cancelled for nil consideration.\n \n \n \n Total voting rights\n \n \n \n The total number of Ordinary Shares in the Company with voting rights is 475,333,760 and this figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. ...