Amigo says it's received indications of interest from several parties

Guarantor loans lender Amigo Holdings, which put itself up for sale last month, said on Tuesday that it had received indications of interest from several parties.

The interested parties have entered into non-disclosure agreements with Amigo and discussions are ongoing.

"There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made," it said.

Amigo also said that given the ongoing formal sale process and further to its announcement in December, Richmond Group (RGL) - its largest shareholder with a 61% stake - does not plan to nominate an additional director to the board. As a result, Amigo has withdrawn the planned appointment of Kelly Black, currently head of Measurement & Improvement at RGL, as a non-independent, non-executive director.

At 0803 GMT, the shares were up 4.5% at 51.00p.