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.
Afren
1.79p
16:34 14/07/15
15.71%
0.24p
FTSE All-Share
4,536.43
16:59 07/10/24
n/a
n/a
FTSE Small Cap
6,959.45
16:44 07/10/24
n/a
n/a
Oil & Gas Producers
8,449.36
16:35 07/10/24
2.01%
166.19
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.