17th Nov 2023 11:49
Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Shares are restored to trading in London on Friday following a one-month suspension to allow for discussions with Craven House Capital PLC. Amigo is in the process of winding down its core lending business under a scheme of arrangement overseen by the UK Financial Conduct Authority, after being required to make millions of pounds in customer redress payments. The talks with Craven House were to sell Amigo's other assets and therefore preserve some value for investors. On Thursday, however, Amigo said talks for a reverse takeover by Garimon Ltd and Honeydog Ltd, investees of Craven, were terminated at the request of "various individuals". It called the outcome "disappointing news".
Current stock price: 0.41 pence, up 6.5%
12-month change: down from 496.00p
By Sabrina Penty, Alliance News reporter
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