News Column

Afren directors suspended

August 29, 2014

LONDON: Oil explorer Afren has suspended two associate directors for receiving unauthorised payments for the benefit of its chief executive and chief operating officer, who have already been suspended.

Shares in the FTSE-250 company fell as much as 4 percent on the London Stock Exchange.

The board said yesterday that neither the suspensions nor the review into receipt of unauthorised payments would affect the company's results.

Afren is scheduled to report first-half results today. - Reuters

Cape Argus

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Source: Cape Argus (South Africa)

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