a2 Milk Company extends supply agreement with Synlait
19/11/2019, 8:32 am GENERAL19 November 2019
NZX/ASX Market Release
The a2 Milk Company extends supply agreement with Synlait Milk
The a2 Milk Company Limited (a2MC) is pleased to announce it has agreed a variation to its comprehensive manufacturing and supply arrangements with Synlait Milk Limited. This agreement is a key part of a2MC’s global supply strategy.
The supply agreement for a2 Platinum® and other nutritional products, announced to the market on 3 July 2018, provided for a minimum term of five years, with a rolling three-year term from 1 August 2020.
The key components of the revised agreement are:
• A two-year extension to the term of the agreement, effectively providing for a new minimum term to, at the earliest, 31 July 2025;
• An increase in the volume of nutritional products over which Synlait already has exclusive supply rights;
• Increased committed production capacity from Synlait;
• Pricing terms that reflect the commitment on the part of both companies to an ongoing market-competitive pricing regime.NZX has granted a2MC a waiver from the requirement to obtain shareholder approval under NZX Listing Rule 5.1.1 in respect of entry into the revised agreement.
- Forums
- ASX - By Stock
- A2M
- Media Updates
Media Updates, page-3375
-
- There are more pages in this discussion • 11,099 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
|
|||||
Last
$6.97 |
Change
0.085(1.24%) |
Mkt cap ! $4.973B |
Open | High | Low | Value | Volume |
$6.93 | $6.98 | $6.92 | $2.266M | 326.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 6564 | $6.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.97 | 35258 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 5405 | 6.960 |
16 | 24086 | 6.950 |
15 | 17177 | 6.940 |
12 | 37724 | 6.930 |
13 | 27245 | 6.920 |
Price($) | Vol. | No. |
---|---|---|
6.970 | 31651 | 18 |
6.980 | 16048 | 14 |
6.990 | 22541 | 21 |
7.000 | 96715 | 72 |
7.010 | 10506 | 8 |
Last trade - 10.41am 15/07/2024 (20 minute delay) ? |
Featured News
A2M (ASX) Chart |