Afren PLC update us on the Independent Review and as previously stated, "WFG has identified no evidence during the course of the expanded review of further unauthorised payments and the Board remains of the view that the assets and operational position of the Company have not been negatively affected. The Company continues to keep the FCA informed of the progress of the investigation."
[For those getting up to speed, WFG refers to Willkie Farr & Gallagher (UK) LLP]
As sheer speculation on my part I sense there's some lawyers in the background acting for various parties and as such the part I have highlighted in bold is a broadside in respect of potential legal proceedings. Speculation all the same, but why else would such a statement be made? Obviously to inform shareholders AFR/WFG are taking the matter seriously.
The update looks to be 2 weeks away...perhaps some more action before then?
Atb Fraser
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