Synlait chair urges minority shareholders to make their voices heard in crucial loan vote

Synlait chair George Adams says he doesn't regret taking the role and knew it would be a challenge. (Image: Synlait)

Tue, 09 Jul 2024

Synlait chair George Adams says talks are continuing with its second-largest shareholder, a2, over how it will vote on a crucial $130 million loan.On Thursday, The a2 Milk Company and minority shareholders in the New Zealand Exchange (NZX)-listed dairy manufacturer will vote at a special general meeting on whether to accept the terms of the lifeline loan from major shareholder Bright Dairy. Over 35% of shareholder Bright Dairy is excluded from the July 11 vote. If the vote fails, Synlait cannot pay a large debt due on July 15 and cou...

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