22 Jun 2015 07:00
THIS ANNOUNCEMENT IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS MUST ONLY SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT ON THE BASIS OF THE INFORMATION CONTAINED IN A PROSPECTUS AND NOT IN RELIANCE ON ANY INFORMATION IN THIS ANNOUNCEMENT.
Launch of shareholder information microsite
London, 22 June 2015
Afren plc (the "Company") today announces the launch of a dedicated microsite to provide information for shareholders following the publication of a Prospectus and Circular relating to the Company's proposed Restructuring and Refinancing.
The microsite can be accessed at: www.afrenegmvote.com
Commenting today, Egbert Imomoh, Chairman of Afren plc, said:
"Afren Shareholders have been through an incredibly difficult period in the life of the business, and the next steps, whilst complex, are essential if we want to successfully emerge from this period on a value growth trajectory. I am clear that the only viable course of action for the business is to progress through the proposed refinancing process; it offers the only secure route to relieve the unsustainable debt burden, and support Afren's recovery. "
Commenting today, Alan Linn, CEO of Afren plc, said:
"I believe Afren has significant potential within its core Nigerian portfolio which will enable us to successfully emerge from this period and provide growth to all shareholders. The recommended restructuring, combined with the open offer, is the only viable opportunity for our shareholders to realise any value from their investment in the company. I urge all Afren shareholders to recognise this fact and vote to retain their active interest in the company by voting in favour of the proposed debt restructuring and refinancing."
For further information contact:
Afren plc | Tel: +44 20 7864 3700 |
Natalia Erikssen, Investor Relations
| |
Bell Pottinger (public relations adviser to Afren plc) | Tel: +44 20 3772 2500 |
Gavin Davis | |
Henry Lerwill |