SML Announcement: Pokeno hearing granted

The Supreme Court has today announced it will hear the case surrounding Synlait's Pokeno land, which had historic covenants reinstated by the Court of Appeal in May. The covenants had previously been removed by the High Court. Synlait will be substituted as the appellant in the case and will stand in the shoes of Stonehill Trustee Limited, the previous owner of the land, as it now owns the land. The company is now looking forward to moving on with the next stage of the legal process and obtaining some certainty. Synlait's CEO Leon Clement says "while we're pleased the legal case can move forward, we still remain committed to working constructively with all parties on a positive outcome." "We're also committed to Pokeno. The site is now operational, and we are working to ensure an outcome which serves the best interests of our milk suppliers, shareholders and staff," he says. Synlait will provide further updates on the process when they are available. ENDS End CA:00343387 For:SML Type:GENERAL Time:2019-10-29 14:53:11