Synlait has applied for a suspension of trading in its SML010 bonds, after a change of control.
The event was triggered by Bright Dairy Holding's increase in its shareholding in Synlait to 65.25%.
The suspension will remain in effect for 10 working days, during which bondholders can choose to exercise their right to redeem their SML010 bonds early.
Holders who opt for early redemption will not be able to trade their bonds until they are redeemed on November 13, 2024.
Trading in SML010 is expected to resume on October 16 for holders who do not choose early redemption.
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