a2MC Updates on Synlait’s Shareholder Complaint

a2 Milk Company Ltd. (ACOPF) has released an update.

The a2 Milk Company Limited (a2MC) has reported that Synlait Milk Limited is facing a complaint concerning shareholder voting rights for an upcoming special meeting on recapitalization matters. Synlait disputes the complaint and is working with regulators to resolve the issue ahead of the crucial meeting set for September 18, 2024. The outcome of the meeting is pivotal for Synlait’s future, as failure to approve the recapitalisation could lead to insolvency proceedings.

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