Memorandum
To: Market Participants
From: NZX Product Operations
Date: Friday, 21 April 2023
Subject: Synlait Milk Limited (“SML”) - Trading Halt of Securities
Message:
NZ RegCo advises that it has placed a trading halt on Synlait Milk Limited's (“SML”) quoted equity and debt securities. The halt was placed at pre-market open today, Friday, 21 April 2023.
SML has requested a trading halt of its ordinary shares and quoted bonds on the NZX Main Board and ASX to provide it with additional time to properly consider new information it has received which may require it to revise its previously issued guidance to the market.
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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