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The Board has approved an interim dividend of 3.2cents per ordinary share. This is consistent with the commitment in the prospectus issued for the
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The Board has approved an interim dividend of 3.2cents per ordinary share. This is consistent with the commitment in the prospectus issued for the
This was a FTSE250 company that required debt restructuring. The management failed to go to its shareholders and instead went to its greedy
Now is the time for the bondholders to step in and support the company. Writing off substantially more of the debt and sharing the pain felt by
Just voted No.
Well when the share price was 50p the company could have had a rights issue at 25p and raised over £250m equivalent to $375m. Dilution would have
What the company needs is a fair rights issue.
Linns hands are tied by the old management/bondholders and his job is to convince ASOG this is a good deal for shareholders.
What the company failed to do was offer a rights issue to its shareholders but instead paid out $50m to help the bondholders take over the company for
The BOD is preparing to hand over 90% of afren to the bondholders for $233m.
In 2013 it was $5 a barrel but then you had to add on exploration, maintenance, interest....
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