ATM
20/07/2015 09:13
GENERAL
PRICE SENSITIVE
REL: 0913 HRS The a2 Milk Company Limited
GENERAL: ATM: Update on Expression of Interest
20 July 2015
NZX/ASX Market Release
Update on Expression of Interest
The a2 Milk Company (the Company) advised on 22 June 2015, that it had
received an Expression of Interest ("EOI") in respect of the acquisition of
all the shares in the Company from two associated trade parties, and on 24
June that the parties to that indicative non-binding proposal were Freedom
Foods Group Limited ("Freedom") of Australia and Dean Foods Company ("Dean
Foods") of the United States.
With the assistance of its financial and other advisors, the Company has
evaluated the EOI and sought further information from Freedom / Dean Foods.
The Board does not consider that the proposal in the EOI is compelling, and
accordingly the Board would not be in a position to recommend it to
shareholders. The Board has advised Freedom / Dean Foods that it is willing
to have a discussion in relation to the EOI subject to agreement on
appropriate confidentiality and related undertakings customary in situations
of this nature.
The Board has also received other confidential enquiries indicating potential
interest in the Company, and is in the course of evaluating these.
The Board remains of the view that there is no certainty that any proposal
will result in a transaction or offer capable of acceptance by the Company or
its shareholders, and that a takeover offer is not imminent. Shareholders and
persons considering purchasing shares in the Company are encouraged to seek
their own advice.
The a2 Milk Company Limited
Geoffrey Babidge
Managing Director and CEO
End CA:00267162 For:ATM Type:GENERAL Time:2015-07-20 09:13:36
