Sharechat Logo

ATM - Synlait Special Shareholders' Meeting - a2MC voting update

Thursday 11th July 2024

Text too small?

The a2 Milk Company Limited (a2MC or the Company) wishes to provide an update on how it will vote on the resolution that will be put to shareholders of Synlait Milk Limited (Synlait) at the Special Shareholders’ Meeting to be held later today, at 2.00pm New Zealand time, Thursday 11 July 2024.

 

As advised by Synlait in the notice of meeting, a2MC and Synlait have been in discussions. Those discussions relate to Synlait’s broader recapitalisation plan, which includes the shareholder loan as well as Synlait’s proposed equity raising and concurrent refinancing of its bank facilities, and various other matters.

 

a2MC continues to have concerns and will engage in discussions with Synlait in the coming weeks. In the meantime, the Company confirms that it has advised Synlait that it will vote in favour of today’s resolution.

 

Authorised for release by the Board of Directors

 

David Bortolussi

Managing Director and CEO

The a2 Milk Company Limited

 

 



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

CHI - Completion of retail bookbuild
With more banks deserting New Zealand, the consumer suffers
MEL - Neal Barclay steps down in 2025, Mike Roan appointed CE
December 12th Morning Report
December 11th Morning Report
December 10th Morning Report
CHATHAM ROCK CLOSES PRIVATE PLACEMENT OF SHARES
CVT - Accounting irregularities impact prior periods
December 9th Morning Report
December 6th Morning Report