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Investegate |Amigo Holdings PLC Announcements | Amigo Holdings PLC: Scheme of Arrangement of ALL Scheme Ltd


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Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, provides an update on its announcement dated 21 December 2020, titled Potential Scheme of Arrangement , and on the other matters set out below. 
 
Amigo Holdings PLC has recently incorporated a new wholly owned subsidiary, ALL Scheme Ltd ( SchemeCo ), for the purpose of SchemeCo applying for a Scheme of Arrangement under Part 26 of the Companies Act 2006 ( Scheme ), as envisaged in the RNS dated 21 December 2020. 
 
As the first formal step for a Scheme, SchemeCo is today issuing a letter to customers (borrowers and guarantors) and the Financial Ombudsman Service ( FOS ) pursuant to Practice Statement (Companies: Schemes of Arrangement under Part 26 and Part 26A of the Companies Act 2006 dated 26 June 2020) ( the Letter ). A copy of the Letter can be found at www.amigoscheme.co.uk. ....

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