Synlait acknowledges receipt of Cease and Desist for Pokeno

Synlait Milk Ltd · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com

SYNLAIT MILK LIMITED ANNOUNCEMENT NZX: SML
ASX: SM1
21 MAY 2019

SYNLAIT ACKNOWLEDGES
RECEIPT OF CEASE AND
DESIST FOR POKENO
Synlait (NZX: SML; ASX: SM1) has received a cease and desist letter in relation to the ongoing court
proceedings regarding its Pokeno land.
In February 2018 Synlait announced the conditional purchase of 28 hectares of land in Pokeno to establish
its second nutritional powder manufacturing site.
On 9 May the Court of Appeal overturned a previous High Court decision to remove historic covenants
which, if left in place, may hinder Synlait’s intention to develop the site.
“Yesterday Synlait received a cease and desist letter from the beneficiary of the covenant while the
beneficiary considers its options following the Court of Appeal decision,” says Synlait’s CEO, Leon
Clement.
“We are taking advice and talking to all parties, and we believe a practical solution is attainable,” he says.

ENDS

For more information about Synlait visit www.synlait.com
or contact:
Jessica Thorn
Senior Communications Advisor, Synlait Milk
P: +64 3 373 3353
E: Jessica.thorn@synlait.com