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Penno complains to regulators over Synlait vote

The milk processor's former chair argues a crucial ballot next month does not comply with Takeovers Code or NZX Listing Rules.

Former Synlait chair and current 2.3% shareholder John Penno.

Tim Hunter Wed, 28 Aug 2024

Synlait founder and former chair John Penno has complained to NZ RegCo and the Takeovers Panel about the milk processor’s crucial forthcoming vote on a $217.8 million recapitalisation plan next month.

The complaint seeks to prevent shareholders Bright Dairy and A2 Milk, the companies contributing

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Tim Hunter Wed, 28 Aug 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Penno complains to regulators over Synlait vote
Investment,
105581
true