Notice of General Meeting and Posting of Circular
Amigo Holdings PLC is convening a general meeting on December 19, 2025, to seek shareholder approval for issuing new ordinary shares without pre-emption rights and at a discount. This is to facilitate a £1.5 million capital raise through mandatory convertible loan notes, which will convert into 500,000,000 new ordinary shares at 0.3p each. Additionally, Amigo aims to raise up to £188,100 from existing shareholders by issuing 62,700,000 new ordinary shares, with both capital raises conditional on the general meeting's resolution passing.
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Amigo announces that a circular incorporating a notice of a general meeting, to be held at 1:30pm on 19 December 2025 at Bournemouth Highcliff Marriott Hotel, 105 St Michael's Road, Bournemouth, BH2 5DU (the "General Meeting"), will shortly be posted to Amigo's shareholders (the "Circular").
Why is Amigo holding a General Meeting?
The purpose of the General Meeting is to seek permission for Amigo to issue new ordinary shares, without offering pre-emption rights to existing shareholders and to issue the new shares at a discount to the closing mid-market price on the day prior to the Capital Raise of more than 10%. Full details are set out in the Circular.
On 14 November 2025, Amigo announced that Craig Ransley, a Board consultant, had successfully introduced investors that irrevocably agreed to subscribe for a £1.5 million capital raise by the Company ("Capital Raise"). The Capital Raise will be by way of mandatory convertible loan notes that will convert into 500,000,000 new ordinary shares of 0.25p each fully paid ("Ordinary Shares") at 0.3p per share will rank pari passu in all respects with the existing issued ordinary share. The drawdown of the Capital Raise is conditional on the resolution being approved at the General Meeting.
Amigo is also seeking to raise up to £188,100 from existing shareholders by the issue of 62,700,000 new Ordinary Shares and full information will be published in due course. Completion of this raise will be conditional on the resolution being approved at the General Meeting.
How can I read the Circular?
The Circular will shortly be posted to Amigo's shareholders.
A copy of the Circular, containing more information in relation to the General Meeting, will shortly be available on Amigo's website at www.amigoplc.com/investors.
In compliance with UK Listing Rule 6.4.1R of the UK Financial Conduct Authority, the Circular will be submitted to the National Storage Mechanism and will, in due course, be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.