10 MAY 2019
Synlait (NZX: SML; ASX: SM1) is currently working through what a decision in the Court of Appeal yesterday will mean for
the Pokeno plant.
In February 2018 Synlait announced the conditional purchase of 28 hectares of land in Pokeno to establish its second
nutritional powder manufacturing site. The title to the Pokeno land has since transferred to Synlait after the removal
of land covenants by the High Court late last year. That High Court decision was reversed yesterday.
“We will take some time to review the decision and consult with various advisors,” says Synlait CEO, Leon Clement.
ENDS