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
4,420.25
11:10 15/11/24
n/a
n/a
FTSE Small Cap
6,802.02
11:10 15/11/24
n/a
n/a
Oil & Gas Producers
8,014.78
11:09 15/11/24
0.96%
76.23
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.