Synlait Milk Ltd. (AU:SM1) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The a2 Milk Company (New Zealand) Limited has entered into a voluntary escrow agreement affecting 76,283,104 of its shares in Synlait Milk Limited, amounting to a 19.834% stake. This arrangement restricts the sale or transfer of these shares for a 12-month period, with specific exceptions. The formal disclosure, dated October 1, 2024, reflects a significant change in the nature of a2 Milk Company’s relevant interest in Synlait Milk Limited.
For further insights into AU:SM1 stock, check out TipRanks’ Stock Analysis page.