Brief: A2 Milk Company Says Settlement Of Various Matters In Dispute

Synlait Milk

16/08/2024 02:18

Aug 16 (Reuters) - A2 Milk Company Ltd  ATM.NZ :
    * SETTLEMENT OF VARIOUS MATTERS IN DISPUTE
    * CONDITIONALLY RESOLVED VARIOUS DISPUTES SUBJECT TO
ARBITRATION
WITH SYNLAIT MILK LIMITED
    * TO MAKE A ONE-OFF PAYMENT TO SYNLAIT OF NZ$24.75 MILLION
    * PARTIES AGREED TO RESOLVE VARIOUS PRICING AND OTHER
DISPUTES
BETWEEN THEM WITH A2MC TO MAKE A ONE-OFF PAYMENT TO SYNLAIT OF
NZ$24.75 MILLION
    * PARTIES AGREED THAT A2MC'S US IMF PRODUCTS ARE TO BE
SUPPLIED
UNDER TERMS OF NPMSA
    * SETTLEMENT OF DISPUTED MATTERS DOES NOT IMPACT FY24
GUIDANCE
A2MC HAS GIVEN
    * SYNLAIT WILL MAKE AVAILABLE TO A2MC ADDITIONAL SLOT AT
DUNSANDEL
FOR POTENTIAL NEW CHINA LABEL REGISTERED PRODUCT
    * SETTLEMENT IS CONDITIONAL ON SYNLAIT COMPLETING EQUITY
RAISE,
REFINANCING OF SYNLAIT'S EXISTING BANKING FACILITIES
    * ARBITRATION HEARING HAS BEEN ADJOURNED


Further company coverage:  ATM.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))