4th Sep 2018 12:54
LONDON (Alliance News) - Amigo Holdings PLC said today that Richmond Group Ltd's representative James Benamor intends to resign from the company's board with effective from September-end.
The company, which provides loans to people unable to borrow from traditional lenders, said shareholder Richmond has cited its desire to focus on private investments as the reason behind pulling out of Amigo's board.
Richmond will retain its rights as major shareholder as per the relationship agreement signed with the company in June.
Amigo Holdings shares were trading down 5.8% at 243.15 pence per share on Tuesday.
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