Synlait Milk Ltd Revamps Company Constitution

Synlait Milk Ltd. (AU:SM1) has released an update.

Synlait Milk Ltd has updated its constitution in line with the Companies Act 1993 and NZX Listing Rules, detailing terms, compliance, and the rights attached to shares. The revised constitution includes provisions for issuing new equity securities, share buybacks, redemptions, and financial assistance. It also outlines the processes for calls on financial products, establishing liens, and the handling of sale proceeds from these financial activities.

For further insights into AU:SM1 stock, check out TipRanks’ Stock Analysis page.