Synlait Milk Limited (NZX: SML) settles Pokeno land covenant legal dispute

Synlait Milk Limited (Synlait) and New Zealand Industrial Park Limited and Karl Ye have reached a settlement regarding the historic land covenants at the company’s Pokeno site.

Synlait CEO Leon Clement commented:"Synlait and New Zealand Industrial Park are committed to working collaboratively for the benefit and integration of the Pokeno community and are pleased to have this behind us. We are also pleased to provide certainty for Synlait’s shareholders, customers, farmer suppliers and staff."

Further details of the settlement agreement will not be disclosed due to confidentiality. The settlement price was reasonable and not material to Synlait.

The Supreme Court has been informed that a settlement has been reached.

See the link below for more details:

Announcement: Synlait settles Pokeno land covenant legal dispute

Source: Synlait Milk Limited (NZX: SML ) 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

July 8th Morning Report
Half-way predictions scorecard
SKT - Sky appoints new Chief Financial Officer
July 7th Morning Report
CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report