Afren Share Discussion Threads

[pinemartin9] 08/6/2015 22:51

How to vote with Barclays Stockbrokers, very easy. Just done it and voted NO. Make sure you do it quickly.


I want to receive voting forms and/or AGM/EGM attendance forms, how do I do this?

Answer

We can arrange for a letter of attendance to be sent to you if you wish to attend an AGM/EGM/CM. Please allow us a minimum of 7 business days notice to ensure we have enough time to arrange this for you.



If you're unable to attend, and wish to vote by proxy, this can be arranged for you. As the proxy vote needs to be lodged with the company Registrars two business days before the meeting, please allow at least 7 business days notice to ensure we have enough time to arrange this for you.

To arrange your attendance or proxy vote, please call us on 0800 279 6551 or 0141 352 3909, or send us a secure email as follows:

1. Login to your account online
2. Select 'Contact Us'
3. Select 'Contact us by email'
4. Select ' General enquiries'
5. Select 'Other' in the primary enquiry category
6. Please fill in the 'Your enquiry' box with the name of company as well as the date of meeting (if known), and whether you wish to proxy vote or attend. If voting, please confirm how you're voting for each resolution
7. Finally, Click 'Send enquiry'

[everhopefull3] 08/6/2015 15:46

Afrens board not been locked up yet ?Shocking, seems as though anything goes if you're on the board of directors of a listed company these days. Still they fit in well on the London stock exchange, a cesspit of corruption and dubious goings on, all at the expense of the lowly private investor of course.

[tone the bone 2] 08/6/2015 14:21

centurionsid,
Thank you and your colleagues again for your time and effort.
Tone

[centurionsid] 08/6/2015 13:52

ASOG MEETINGS

Things move slowly then they move quickly.

We can report to you that, following our meeting with Alan Linn last Friday, we are now scheduled to meet with Morgan Stanley (Afren advisor's) and Blackstones (Ad Hoc Committee advisor's/bondholders) on Wednesday 10th June.

We believe all parties are approaching this with an open agenda. We consider that this will a be a "sighting" meeting for all parties to build on to see if there is any common ground we can discuss. On that basis we do not anticipate coming away with a solution or new terms at this stage. These will be preliminary discussions and we would hope there will be further meetings. However we are now talking to the real people, on the top table, who can influence change. We felt you should know that.

It our intention, as before, is to build a conciliatory relationship that will enable us to put forward the concerns of our members. We will update you in due course.

ASOG

PS If you haven't already registered your shares with us there is still time using one of the links posted here recently.

In the meantime more debate over on LSE.

[centurionsid] 08/6/2015 13:19

MEETINGS

Things move slowly then they move quickly.

We can report to you that, following our meeting with Alan Linn last Friday, we are now scheduled to meet with Morgan Stanley (Afren advisor's) and Blackstones (Ad Hoc Committee advisor's/bondholders) on Wednesday 10th June.

We believe all parties are approaching this with an open agenda. We consider that this will a be a "sighting" meeting for all parties to build on to see if there is any common ground we can discuss. On that basis we do not anticipate coming away with a solution or new terms at this stage. These will be preliminary discussions and we would hope there will be further meetings. However we are now talking to the real people, on the top table, who can influence change. We felt you should know that.

It our intention, as before, is to build a conciliatory relationship that will enable us to put forward the concerns of our members. We will update you in due course.

In the meantime more debate over on LSE.

[volsung] 08/6/2015 12:59

I go away to Mongolia for a few months hawking in the Gobi and I come back to this. I presume Boxer knows?

[12bn] 08/6/2015 10:51

I hope that you holders have understood that the D4E and RI will be done at well under 1p a share and it could be at 0.1p a share!! I suggest that you are not holding this dog once this gets suspended pending the D4E and RI or you will lose out massively.

[12bn] 08/6/2015 10:41

issued below the current nominal value of 1p each, shareholders will be asked to approve an initial reduction in the nominal value of the ordinary shares at the extraordinary general meeting (via a sub-.........This means that the company want to issue shares well below the 1p nominal value and so they need an EGM vote to do it! You cannot issue shares below the nominal value! Are you stupid seagreen? If the company was going to issue the d4e and RI shares at more than 1p then they wouldn't need the EGM! Is that too complicated for you?

[seagreen] 08/6/2015 10:31

Go to spec savers mate


and to ensure that the new ordinary shares to be issued under the Recapitalisation are not issued below the current nominal value of 1p each

[12bn] 08/6/2015 10:01

The following is a cut n paste from the 13th March RNS. It clearly states that the 1p nominal value will be REDUCED so the new shares can be issued BELOW 1p!!!
'In order to facilitate the Recapitalisation, and to ensure that the new ordinary shares to be issued under the Recapitalisation are not issued below the current nominal value of 1p each, shareholders will be asked to approve an initial reduction in the nominal value of the ordinary shares at the extraordinary general meeting (via a sub-division of the ordinary shares). It is also proposed that, following all issues of new shares under the Recapitalisation (including the Open Offer), the new ordinary shares are then subsequently consolidated such that the total number of issued shares is commensurate with the expected market capitalisation of the Company. Details of the proposed sub-division and consolidation of the share capital will be announced in due course'.

[12bn] 08/6/2015 10:00

This will go sub 1p,that info is in the RNS from March.

[ldlv] 08/6/2015 07:05

From wild wolf "It is for other shareholders to now to decide whether to either give up or win. Shareholders appoint the Board. Negotiations are with them and they in turn negotiate with the Bondholders and Bank. ASOG are wrong if they think that you can circumnavigate or reason with the Board and cronies. Tea time with Linns and Hawkins was an opportunity squandered given Mondays press release. If as is obvious the Board of Directors are no longer acting in the interests of its shareholders, shareholders therefore need to: 1) Submit a motion using a 5% shareholding group to remove key individuals from the board and replace the investor relations and to appoint a NED with two functions a) Oversee future investor reporting b) Oversee the appointment of an independent legal team to establish the facts behind the multitude of allegations that have occurred within Afren these past 24 months with especial attention to the last 9 months. 2) Send emergency press release/ letters to multiple key people. Stop excusing senior Afren people with their carousel of titles, who are clearly the people who have negotiated away the soul of long term investors." Views in any links here are those of the link authors. Any references in this post or contained links that refer to actions, persons or companys are expressed as alleged only

[telbap] 07/6/2015 14:13

Mm2......Lol!

[ldlv] 06/6/2015 20:11

wild wolf more recommendations:

"Shareholders need to vote NO to a new light bulb being fitted. Vote No to every conceivable motion at AGM or EGM or lose.

It is not the job of ASOG to pretend to be board members or to simper to the scum who have stolen from them.

If AL offers you to tea, throw the cup into his face.

It is their role to lead a rebellion via the BoD against all those who are to be or who are assisting the ultimate beneficiaries (using the media against those who are in control of the regulators to effect change).

Ultimate beneficiaries will show themselves.

Shout, scream, accuse, stir and fight to get attention is SH only weapon, apart from Voting No and changing the BoD.

...BoD don't want admin.

ASOG need to have the balls to drag the BoD over towards that line (that is how thry will suddenly get the permission for a new offer to old shareholders)"

Views in any links here or in twitter are those of the link authors.

Any references in this post or contained links that refer to actions, persons or companys are expressed as alleged only

[ldlv] 06/6/2015 19:37

From Wild Wolf to ASOG (this is not the letter, request it in twitter)

"ASOG seem to be the politest victim group in history.
ASOG pressure is not exerted onto the Board of Directors, then no Bondholder or bidder in collusion will give an inch.
It is for other shareholders to now to decide whether to either give up or win.

Shareholders appoint the Board. Negotiations are with them and they in turn negotiate with the Bondholders and Bank.

ASOG are wrong if they think that you can circumnavigate or reason with the Board and cronies.

Tea time with Linns and Hawkins was an opportunity squandered given Mondays press release.

If as is obvious the Board of Directors are no longer acting in the interests of its shareholders, shareholders therefore need to:
1) Submit a motion using a 5% shareholding group to remove key individuals from the board and replace the investor relations and to appoint a NED with two functions a) Oversee future investor reporting b) Oversee the appointment of an independent legal team to establish the facts behind the multitude of allegations that have occurred within Afren these past 24 months with especial attention to the last 9 months.
2) Send emergency press release/ letters to multiple key people.

Stop excusing senior Afren people with their carousel of titles, who are clearly the people who have negotiated away the soul of long term investors.

Your media awareness campaign has not shaken any branches and your valiant and gentlemanly approach has not stopped the entrenched source of the stench within the offices of Afren.

By excusing the individuals responsible for resolving this and shining the light away from the most serious wrongdoers ASOG have fallen into a trap.

Most seriously, in good faith ASOG have allowed them to delay in alerting or sufficiently using the media to alert the world. It is wonderful they have brilliantly cajoled 10% of PI’s but it is needed to have made Afren a household name for the scale of this theft.

To win this battle now requires you go for a top down approach. Contact the key senior people in all the related government and regulator departments

I enclose a small list of senior individuals who should be contacted immediately so turn this from a little financial news story to a front page major news story.

There are many more pertinent ones.There are many other further key organisations that can be followed through and I have not even touched the media yet but this first wave should be sufficient to ensure that the Board of Directors can clearly ensure that the related BH’s know they are in trouble unless they immediately run to the table with a revised offer to grab a Yes vote before a No vote wipes their BH investment away if they really want to take this to the line."

Views in any links here or in twitter are those of the link authors.

Any references in this post or contained links that refer to actions, persons or companys are expressed as alleged only

[ldlv] 06/6/2015 19:34

Follow the original twitter Afren SHs Taskforce

hxxps:// twitter.com / ldlviuda

Sent us private message on twitter with your email and we will send you the latest wild wolf letter. Interesting indeed!!

We sent 9 emails already.

Wild Wolf’s analysis of the situation is very clear, his suggestion is to send his very strongly-worded letter that he wrote this week, to the entire establishment, including judges and the head of MI5.

you can write publicly #wildwolfletterrequest @ldlviuda on twitter

Views in any links here or in twitter are those of the link authors.

Any references in this post or contained links that refer to actions, persons or companys are expressed as alleged only

[harebridge] 06/6/2015 18:57

This has to be investigatedYOU PAID ADVISORS 48 MILLION BUT YOU COULDN'T AFFORD A 15 MILLION COUPON That just about sums it all up. These people need to be punished properly........160p to 2pThe BoardEgbert ImomohToby HaywardDarra ComynPeter BinghamJohn St JohnPatrick ObathSheree BryantIain McLarenThey should all be arrested!

[harebridge] 06/6/2015 18:56

Absolutely shocking- 160p to 2pAnd still no arrests!

[mikemichael2] 06/6/2015 13:18

Potential - 20 Feb 2015 - 08:33:43 - 159292 of 166102

14p on cards guys!!!! News before close could smash 18p if so


Ye, you know your stuff !!!

[potential] 06/6/2015 10:47

We could see sub 1p!!!

[biggerthus] 05/6/2015 19:09

hpcg, look up 'rights issue'. It involves shareholders, not just sharks.

Instis were still buying Nov/2014-Jan/2015 based on info in the public domain, so your premise is wrong.