Synlait Milk Limited (ASX: $SM1) has requested a trading halt for its equity securities and debt securities under ASX Listing Rule 17.1 and NZX Listing Rule 9.9.1(a). The halt is sought to provide the company with additional time to finalize discussions with its banking syndicate and major shareholder, Bright Dairy, regarding financial matters. The trading halt is expected to last for one trading day, commencing on Thursday, 28 March 2024.
The trading halt request is aimed at facilitating the completion of ongoing discussions with our banking syndicate and major shareholder, Bright Dairy, to ensure an orderly and comprehensive update to the market. We are focused on addressing the prepayment obligation and seeking financial support while preparing to announce our half-year results for the six months ended 31 January 2024 on Tuesday 2 April 2024.
Synlait Milk Limited (ASX: $SM1) has requested a trading halt to finalize discussions with its banking syndicate and major shareholder, Bright Dairy, regarding financial matters. The halt is expected to last for one trading day, providing the company with additional time to address a prepayment obligation and seek financial support. The company aims to update the market in an orderly and complete manner at the time of announcing its half-year results for the six months ended 31 January 2024 on Tuesday 2 April 2024.