Afren's shares plunge nearly 16% as finance director Darra Comyn resigns

Afren's shares tumbled on Friday afternoon after the oil and gas company's finance director resigned.

Darra Comyn is expected to leave in the summer and the company said it would begin the search for a replacement.

The AIM-listed group also announced David Thomas would take over as the new chief operating officer with effect from June 8.

The move comes after Afren defaulted on $15m of payments in March and then missed a $12.8m installment in May. Two of its non-executives stepped down a week later.

Shares fell 15.66% to 1.94p at 16:25.