Director and PDMR dealing
Amigo Holdings PLC announced that CEO Nicholas Beal purchased mandatory convertible loan notes for £18,333.35, entitling him to 3,666,669 new ordinary shares at approximately £0.005 per share. These loan notes are part of a plan to raise up to £1.5 million, with Tranche 1 converting into 375,000,000 new shares on January 20, 2026, and Tranche 2 converting into 125,000,000 new shares at a later date, either following a prospectus publication or by January 31, 2027. The new shares will rank pari passu with existing ordinary shares.
Select text to share a quote on X · sign in to keep highlights & notes in your AMGO notes
Amigo Holdings PLC (LSE: AMGO) announces that the Company has received notification that Nicholas Beal the CEO, has purchased an interest in shares in Amigo Holdings PLC ordinary shares of 0.25p each ("Ordinary Shares") as detailed below.
Amigo announced on 14 November 2025 ("Announcement") and as set out in more detail in the Notice of General Meeting published on 26 November 2025 ("Notice"), that it intended to issue mandatory convertible loan notes ("Loan Notes") raising up to £1.5m which will convert into 500,000,000 Ordinary Shares at a conversion price of 0.3p per Ordinary Share, consistent with the terms set out in the Notice ("New Ordinary Shares"). The New Ordinary Shares rank will pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Amigo intends to convert Tranche 1 (as defined in the Notice) of Loan Notes into 375,000,000 New Ordinary Shares of 0.25p on 20 January 2026.
Tranche 2 (as defined in the Notice) of Loan Notes will convert into a further 125,000,000 New Ordinary Shares which is expected to occur:
- following publication of a prospectus, (for instance in respect of any Reverse Takeover ("RTO"), or as otherwise permitted subsequently under the Public Offers and Admissions to Trading Regulations 2024 (as amended from time to time)); or
- on 31 January 2027.
Nicholas Beal has purchased, from one of the original subscribers of the Loan Notes, Loan Notes entitling him to receive a total of 3,666,669 New Ordinary Shares (in the two tranches) at a price of £18,333.35 (equivalent to c0.50p per Ordinary Share).
| a) | Name | Nicholas Beal |
| 2. | Reason for notification | |
| b) | Position / status | CEO |
| c) | Initial notification / amendment | Initial notification |
| b) | Name | Amigo Holdings PLC |
| c) | LEI | 213800PUHEBLCWDW9T74 |
| a) | Description of the financial instrument Identification code | Mandatory convertible loan notes ("Loan Notes") that will convert into New Ordinary Shares of GBP0.0025 each GB00BFFK8T45 (Ordinary Shares) |
| b) | Nature of the transaction | Purchase of Loan Notes |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| £0.0050000013636 | 3,666,669 | |
| d) | Aggregated information Aggregated volume Price | 3,666,669 £0.0050000013636 per share |
| e) | Date of the transaction | 5 January 2026 |
| f) | Place of the transaction | United Kingdom |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.