ATM
22/06/2015 10:10
GENERAL
PRICE SENSITIVE
REL: 1010 HRS The a2 Milk Company Limited
GENERAL: ATM: The a2 Milk Company receives an expression of interest
June 22, 2015
NZX/ASX Market Release
The a2 Milk Company receives an expression of interest
The a2 Milk Company ("a2MC" or "the Company") has received an expression of
interest from two associated trade parties with respect to a potential
acquisition of all of the shares in a2MC ("the Proposal").
The parties have requested confidentiality, and stated that their expression
of interest is indicative and non-binding and may can be withdrawn if it
ceases to be confidential.
The Proposal is subject to a number of key conditions including access to due
diligence, exclusivity, no material adverse change in the affairs or
prospects of a2MC, various approvals including under the New Zealand Overseas
Investment Act and no change in the number of shares on issue.
The last condition is particularly relevant as the Company has recently been
contemplating, and was in advanced stages of planning for, an equity raising.
The Board intends to seek further information in order to evaluate the
Proposal and will update the market on further developments as appropriate.
There is no certainty that the Proposal will result in any transaction and
the Board does not consider a takeover imminent. Persons considering
purchasing or selling shares in a2MC are encouraged to seek their own advice.
No further comment will be made at this time.
About The a2 Milk Company
o The a2 Milk Company is building a global business based on a
differentiated, premium and branded portfolio of dairy and infant formula
products supported by an integrated portfolio of intellectual property and a
comprehensive body of scientific evidence
o The a2 Milk Company believes as many people as possible should be able to
enjoy the benefits of fresh and natural dairy and are providing a positive
alternative to those who find consumption of regular cows' milk challenging
o The a2 Milk Company has a significant and differentiated premium dairy
business in Australia with over 9% value share of the total fresh milk
grocery market and more recently has established operations in China, the UK
and the USA
o The a2 Milk Company Limited is dual listed on the NZX and ASX and trades
under the codes ATM and A2M respectively
About the a2 Milk(TM) brand
o The a2 Milk(TM) brand is a naturally occurring cows' milk that comes from
cows selected to produce only the A2 beta-casein protein and not the A1
protein. It is an entirely natural and pure cows' milk and not a product of
technological process or genetic engineering
o Originally all domesticated cows produced only the A2 type protein. Owing
to a genetic mutation in European herds, another milk protein emerged (A1
protein) and through modern farming practices spread throughout the world
o The a2 Milk(TM) brand is the only cows' milk that is free from the A1
protein
End CA:00265975 For:ATM Type:GENERAL Time:2015-06-22 10:10:18
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