Bluesuit88
26 Jun 2015
Granto, If ur in Nigeria, can we speak?
frankies1
25 Jun 2015
Re: Results of AGM So now that's out of the way , when will we get the 12p offer
bulkybug
25 Jun 2015
Results of AGM London, 25 June 2015Afren plc (“Afren” or the “Company” (LSE: AFR) announces that at its Annual General Meeting held on 25 June 2015 all the resolutions set out in the Notice of Annual General Meeting, with the exception of resolutions 12, 13 and 14, were passed by the requisite majority.The Company notes the vote against resolutions 12, 13 and 14, regarding the ability of the Company to issue shares and make market purchases of its own shares in the next 12 months, and will reengage with its shareholders to get a better understanding of their concerns. These resolutions are related to the Company’s normal course of business and are not linked to the proposed refinancing,which is unaffected by today’s vote. Afren’s shareholders will have a separate opportunity to vote on the Company’s authority to issue shares in the relation to the Open Offer and the restructuring at the General Meeting on 24 July 2015, where the proposed refinancing and restructuring will be proposed for approval.Alan Linn, Chief Executive Officer, commented:"We would like to thank our shareholders for the continued dialogue about the future of Afren. With a new team in charge we will be well positioned to implement the new strategy. The proposed restructuring and refinancing is the only route available to Afren.There should be no doubt: this is the only viable option and there is no room for renegotiation. If the proposed plan is not approved then the alternative restructuring process will proceed, with no scope for flexibility. We count on the support of all our shareholders to allow Afren to secure its future recovery and growth."Each of the resolutions put to the AGM was voted on by way of a poll. As announced today, following the decision of certain directors not to seek re-election, none of the resolutions for the proposed reelection of these directors were put to the meeting and no poll was taken on such resolutions.
CURTIS PAUL
25 Jun 2015
Re: RNS.....big changes SBCan you please explain how you have been 'Royally Screwed'.Afren is bust. Equity is worthless? I agree totally that directors to blame but that's history.
Bluesuit88
25 Jun 2015
I am salivating to hear the happenings at the AGM
Damp Seaweed
25 Jun 2015
Re: Cowards Did anyone attend the AGM?I would have loved to follow it
gubu
25 Jun 2015
Re: NEW ARTICLE: an interesting comment by Malcolm Graham Wood"Surely one for the business school handbooks of just how quickly a management can destroy a company in such a limited time frame . . . "you sure got that one right Malcy!
ranger gb
25 Jun 2015
crims It's a shame that there is no direct US interests in Afren otherwise the US Justice Department might be petitioned to get involved to do a proper investigation of any corruption by past company officers and associates of Afren and extradite the barrrstewards to the US to stand trial. Similar to the FIFA investigation. Imo they deserve a 10 year stretch in a US Federal Penitentiary.
wbaker
25 Jun 2015
Not a bad return for the day, so far all is well
3Dimensional
25 Jun 2015
Cowards good job as saved me chinning one of them at the AGM.3D
goldmind
25 Jun 2015
OXS seems to turn blue now and leave the red days behind..
TopTrader2009
25 Jun 2015
o/t GKO... GKO Greenko group. News due before Wednesday which will rerate sp. Could easily get 100% gain. Dyor
Kenj2
25 Jun 2015
Re: BOD Jump ship As you say DS "Rather short notice for the AGM I would have thought!!They would have had all the postal votes in by yesterday, so may well have jumped ship rather than face the humiliation of being voted off by the shareholders today.Interestingly all of the independent directors have quit. These are the directors who are supposed to look out for the interests of the shareholders and rein in the BoD if they get too ambitious, or behave in a way that would damage the company and it's shareholders. So no real loss there, totally useless the lot of them. Hopefully the FCA and SFO will catch up with them eventually. They are just as culpable as the Phoenix 4 who bought down Rover MG imo.
Bluesuit88
25 Jun 2015
ASSOG must have scared the s**t outta these Directors
Bluesuit88
25 Jun 2015
Whats Happening at the AGM
