Afren share price soars as company confirms CEO media reports
Shares in Afren Plc (LON:AFR) have jumped more than nine percent in London as the company confirmed reports that Alan Linn would become the company’s new chief executive. As of 12:19 BST, Afren’s share price was 9.18 percent higher at 3.45p.
Afren plc (“Afren” or the “Company”), (LSE: AFR) notes the press reports that Alan Linn is proposed to be appointed as the new CEO of the Company. Afren confirms that Alan Linn is currently acting as a consultant to the Board of Directors and that it is has agreed in principle with Mr Linn for him to be appointed as Afren’s new CEO and a director of the Company with effect from completion of the interim funding (as announced on 13 March and 1 April 2015), which is expected to occur imminently.
A further announcement will be made in due course as appropriate.
As of 12:21 BST, Tuesday, 07 April, Afren Plc share price is 3.45p.