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22 Nov 2024

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SML - CEO resignation
Synlait Milk Limited (Synlait) announces the resignation of its CEO. Grant Watson took up the role in January 2022 and has overseen the company through an unprecedented era in its history

Synlait shareholders decide it's 'worth saving', vote for new share deal
Shareholders have voted overwhelmingly to approve a range of measures to restore its finances and save the company.

Synlait shareholders to decide on $218 million cash injection
"We're pretty much at the end of the road," Synlait's chair says.

Synlait Milk to keep North Island plants
The beleaguered dairy company had been considering selling its North Island processing facilities to restore its finances.

SML - Synlait confirms complaint dismissed
Synlait Milk Limited (Synlait) advises that NZ RegCo and the Takeovers Panel have confirmed that no further action is being taken in relation to the complaint received regarding the special shareholders’ meeting

Synlait's former boss questions major shareholders' voting rights
The former head of the dairy company is threatening to upset a vital meeting to save the financially strapped business.

Under-fire Synlait Milk may have found $218m deal to avoid insolvency
Debt laden dairy company Synlait Milk will raise close to $218 million from its two main shareholders to preserve its future.

A2 Milk, Synlait settle year-long dispute over infant formula
Synlait says settling the dispute is another step in the company's recovery.

More uncertainty for Synlait as it withdraws its earnings guidance
Shareholders voted to save the troubled dairy company just last week.

Synlait Special Shareholders' Meeting Poll Results
Synlait Milk Limited (Synlait) advises that the resolution put to shareholders at its Special Shareholders’ Meeting today passed

Synlait Milk CEO Grant Watson resigns
It has come just weeks after the company secured its near term survival.

Synlait Milk slumps to large loss after asset write down
Troubled dairy company Synlait Milk has slumped to a large loss after a large asset write down, as it struggled with huge debt, money losing operations, and business disputes.

Synlait executes documentation for new bank refinancing
Synlait Milk Limited (Synlait) has entered into definitive documentation to implement a refinancing of its banking facilities

Synlait completes North Island strategic review
Synlait Milk Limited (Synlait) has completed the strategic review of its North Island assets, including its manufacturing facility in Pokeno and its blending and canning facility in Auckland

Synlait's biggest shareholders to vote on $218m rescue package
A special meeting is scheduled for 18 September.

ATM - Synlait Special Shareholders' Meeting update
The a2 Milk Company Limited notes the announcement made today by Synlait Milk Limited (Synlait – NZX: SML; ASX:SM1) advising that no further action will be taken in relation to the complaint received regarding Synlait’s special shareholders&am

Synlait increases forecast milk price for 2024/2025 season
The forecast for the 2024/2025 season has increased to $8.60 per kgMS, up from $8.00 per kgMS. Despite the forecast increase, Synlait continues to take a conservative approach to its 2024/2025 forecast

Synlait FY24 guidance withdrawal
The previously announced guidance stated that Synlait’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) performance was to be at the lower end of the $45 million to $60 million range

Synlait Milk shareholders back large loan from Chinese major shareholder
The loan arrangement runs for 12 months with an 8 percent interest rate.