Afren PLC (AFRE.L)
17 Apr 2015
April 7 - Afren Plc said its board had agreed in principle to appoint Alan Linn as chief executive, ending months of uncertainty around the oil and gas producer's top job.
April 1 - Oil producer Afren Plc said it expects to finalise a $200 million interim funding deal with its bondholders and name a chief executive "imminently".
* Current investors to hold 11 pct stake post recapitalisation
** Afren Plc's shares fall as much as 26 pct & top pct loser on FTSE 250, after the indebted oil producer says existing shareholders to hold only about 11 percent stake post recapitalisation
March 13 - Oil producer Afren Plc said it has reached in-principle agreement to address short and longer-term funding needs and recapitalise its capital structure.
- Founder of oil producer Afren Plc , Ethelbert Cooper, is planning to change the company's capital structure with a new partnership involving a consortium of Chinese investors, the Financial Times reported.
March 5 - Founder of oil producer Afren Plc , Ethelbert Cooper, is planning to change the company's capital structure with a new partnership involving a consortium of Chinese investors, the Financial Times reported.
* Afren, Game Digital, Oxford Instruments out of FTSE 250 (Adds detail on reshuffle, background)
March 4 - Oil producer Afren Plc has defaulted on its 2016 bonds, missing an interest payment as it negotiates with lenders for a rescue deal that could dilute the interests of its shareholders.
March 4 - Debt-laden oil producer Afren Plc said it would not pay $15 million of interest due on Feb. 1 under its 2016 notes in order to preserve cash until a review of its capital structure is completed.