Synlait's special shareholders' meeting proceeds as planned

Synlait has announced that no further action will be taken by NZ RegCo and the Takeovers Panel regarding a complaint received about the special shareholders' meeting.

NZ RegCo has issued a ruling on the application of listing rules to the proposed share issuance to Bright Dairy Holding, as well as the share issuance and dispute settlement with The a2 Milk Company and A2 Infant Nutrition.

Meanwhile, the Takeovers Panel has declined to call a section 32 meeting under the Takeovers Act 1993 and will not take any additional action at this stage.

The special shareholders' meeting, which is scheduled for September 18 2024, will proceed as planned.

A2MC is eligible to vote on the resolution related to the share issuance to Bright, while Bright is eligible to vote on the resolution regarding the share issuance and settlement with a2MC and A2 Infant Nutrition.

Shareholders are encouraged to exercise their right to vote.