Business
Richmond Group Limited Update
Richmond Group Limited Update.
About this update from Amigo Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 1561P\n Amigo Holdings PLC\n 05 June 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 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION \n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n \n \n \n \n 5 June 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 Richmond Group Limited Update\n \n \n \n \n \n Further to the recent statement made by James Benamor on social media on 4 June 2020, following clarification of Richmond Group Limited's (\"Richmond\") intentions, Amigo has been told by Richmond that:\n \n \n \n \n \n (i) Richmond has placed all of its shares in Amigo with a broker, with irrevocable instructions to sell 1% of the company every trading day until Richmond's stake is reduced to zero, in the event that the current board remain in place after the upcoming general meeting on 17 June 2020 (the \"General Meeting\"); and\n \n \n \n \n \n (ii) there are no circumstances in which those sell-instructions can be cancelled or amended by Richmond.\n \n \n \n \n \n Richmond have noted that notwithstanding the irrevocable instruction to sell, Richmond is able to sell shares before the General Meeting, as the irrevocable sell instruction only applies to the shares Richmond still owns at the time of the vote.\n \n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014.\n \n \n \n \n \n Contacts: \n \n \n \n \n \n Company\n \n \n Amigo Holdings PLC [email protected] \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 Additional Information\n \n \n A copy of this announcement is also available on Amigo's website at:\n \n https://www.amigoplc.com/\n .\n \n \n The person responsible for this announcement is Roger ...