30th Sep 2020 21:00
Amigo Holdings PLC - Bournemouth, England-based guarantor loans provider - Estimates around 9.4 million shares, worth just under a 2% stake in the company, may become eligible for sale in the public market on Thursday. This is after the firm agrees settlement terms with Glen Crawford in connection with the termination of his consultancy contract. As part of the terms, Amigo agrees to bring forward the lock-up release date related to Amigo's IPO in 2018, which restricted some employees in trading in the company's shares, to Thursday from July 3, 2021.
Crawford earlier in September decided against taking up the position of chief executive officer after a disagreement with the guarantor loans provider's board. Crawford, who also had a stint as Amigo CEO between February 2016 and April 2019, was named as the new boss of the lender back in July.
Current stock price: 9.96 pence
Year-to-date change: down 85%
By Lucy Heming;Â [email protected]
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