Issue of Share Rights

  • Investor updates

In accordance with Listing Rule 3.18.1, the Meridian Board advises that it has decided to issue share rights to certain employees of Meridian in connection with the Executive LTI Scheme (Scheme). Each share right will, upon vesting and exercise of the right, entitle the holder to one ordinary share in the Company (Share), plus an additional number of Shares equal to the value of gross cash dividends per Share which would have been paid to a New Zealand tax resident who held a Share for the duration of the vesting period, calculated using a 10-day volume weighted average price.
The issue of share rights is expected to occur on 9 March 2021.

ENDS

Jason Woolley
Company Secretary
Meridian Energy Limited

 

For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Meridian Energy Media Team
0800 948 843 

MediaTeam@meridianenergy.co.nz