ATM | NZ$20.530
A2M | AU$19.400
ATM Share Price
As at 2020-07-12 02:54:23
NZ$20.530
$-0.120 / -0.581%
A2M Share Price
As at 2020-07-10 17:10:26
AU$19.400
$+0.070 / +0.360%
Expand Menu
The a2 Milk Company increases investment in Synlait Milk - The a2 Milk Company

Market announcements

The a2 Milk Company increases investment in Synlait Milk

March 23, 2020

The a2 Milk Company (“a2MC”) wishes to announce it has increased its shareholding in Synlait Milk Limited (“Synlait”; NZX: SML; ASX: SM1).

a2MC has acquired shares on market at a price of NZ$4.95 per share, below a2MC’s average entry price for its interest in Synlait.  This increases a2MC’s interest in Synlait from 17.4 per cent to 19.84 per cent.

a2MC’s Chief Executive Officer, Mr Geoffrey Babidge said: “Following the recent decline in Synlait’s share price, we viewed this as an opportunity to complete our strategic holding.  Our shareholding reflects the importance to us of our commercial supply arrangements with Synlait.”

a2MC has no plans to increase its shareholding in Synlait beyond 19.9%.

 

 For further information, please contact:

Investors / Analysts
David Akers
Head of Investor Relations
T +61 2 9697 7013 l M +61 412 944 577
david.akers@a2milk.com

A PDF of this disclosure notice can be found here.

View all announcements at

NZX              ASX

Back to top