Business
Notice of AGM
Notice of AGM.
About this update from Amigo Resources Plc
[{"type":"text","content":"\n\n4 September 2023\nAmigo Holdings PLC\n(\"Amigo\" or the \"Company\")\n \nNotice of 2023 Annual General Meeting ('Notice') and Market Update\nAmigo Holdings PLC (LSE: AMGO), a provider of mid-cost credit in the UK that is currently in an orderly solvent wind down, provides the following updates. \nNotice of Annual General Meeting\nThe Company announces that the AGM will be held at Bournemouth Highcliff Marriott Hotel, 105 St Michael's Road, Bournemouth BH2 5DU on Wednesday 27 September 2023 at 13.30 (BST). Shareholders who are not able to attend in person will be able to listen to and view the Annual General Meeting via webcast. Details of the webcast will be made available on the Company's website in due course: https://www.amigoplc.com/investors.\nThe Board has prepared the Notice on the basis that it is in the best interests of all stakeholders to put forward resolutions that would normally be expected at an Annual General Meetings. In doing so, the Board is not expressing a view on any longevity or expected future for the Company.\nThe Group has been in wind-down since March 2023 and, absent any change in circumstances or expression of interest from third parties, the Board will continue to manage the wind down as required under the High Court approved Fallback Solution. It should be noted that whilst the Group is solvent, the Company would be insolvent without the continued support of its subsidiary, Amigo Loans Ltd. In this context, should there not emerge a viable alternative solution, Amigo will hold a separate General Meeting, at a date still to be determined, to seek the required shareholder approval for delisting the Company from the London Stock Exchange and to enter the Company into a Members Voluntary Liquidation. \nThe Company has posted to its shareholders the Notice convening the Company's AGM together with instructions on how to vote. The Notice will be available shortly on the investor section of the Company's website: www.amigoplc.com and on the National Storage Mechanism. \nMarket Update on Exclusivity Agreement\nThe Agreement between Amigo and Mr Fleming announced on 9 June 2023 (the \"Agreement\") has a period of exclusivity that ends on 5 September 2023. Whilst the underlying commercial arrangements of the Agreement will continue to exist beyon...