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SML - Synlait Milk News Story

NZD3.4 -0.1  -2.3%

Last Trade - 6:00am

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £391.3m
Enterprise Value £647.7m
Revenue £723.7m
Position in Universe 353rd / 1907

BUZZ-NZ's Synlait Milk drops, CEO to step down

Mon 12th April, 2021 2:32am
** Shares of Synlait Milk Ltd  SML.NZ  down as much as 2.3%
to NZ$3.42 in their biggest intraday pct loss since March 29
    ** Dairy firm says CEO Leon Clement has resigned  urn:newsml:reuters.com:*:nNZStrsa
    ** Says Leon to continue in his role until the end of April
    ** Adds co-founder and former CEO John Penno will assume the
role of interim CEO from May 1  urn:newsml:reuters.com:*:nL4N2M40AS
    ** Stock hits its lowest level since March 31, among biggest
losers on the benchmark index  .NZ50  
    ** Stock had fallen 33.1% this year by last close, compared
with about 4% decline in the S&P/NZX 50 index

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))
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