Thursday 11th July 2024 |
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Synlait Milk Limited (Synlait) advises that the resolution put to shareholders at its Special Shareholders’ Meeting today passed.
Please see table in attached announcement for the full results.
Synlait Chair George Adams commented: “Thank you to our shareholders for your support today. The shareholder loan resolution was very important to Synlait’s future and completed the first step in resetting Synlait’s balance sheet.”
“We look forward to providing you with further updates as the Board progresses its plans for an equity capital raising. Synlait’s core Advanced Nutrition and Foodservice businesses have enormous growth potential, and we are committed to delivering on that for your benefit."
On behalf of Bright Dairy Appointed Directors, Director Julia Zhu commented: “Bright Dairy acknowledges today’s shareholder vote in support of the Board’s turnaround actions underway to restrengthen Synlait’s financial position. There is a stronger, healthier future for the business coming and Bright Dairy is deeply committed to ensuring the Synlait’s long-term success for all shareholders and its farmer suppliers.”
A replay of the Annual Meeting will be available at: https://www.synlait.com/investors
Authority to make this announcement:
Hannah Lynch
Head of Strategy & Corporate Affairs
P: +64 21 252 8990
E: hannah.lynch@synlait.com
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