Financial Assistance – Executive Long Term Plan

PG 1

Meridian Energy’s provision of financial assistance in connection
with its Executive Long Term Incentive Plan
7 September 2018
Meridian has an Executive Long Term Incentive Plan (LTI Plan) for certain senior employees of Meridian. The LTI Plan is
intended to attract and retain key employees and align the interests of participants with those of shareholders.
Under the terms of the LTI Plan, shares are acquired and held by Meridian LTI Trustee Limited (Trustee) on behalf of
participants. The shares will vest to the participants at the conclusion of three years if Meridian meets certain pre-
determined performance hurdles.
Invitations to participate in the FY19 LTI Plan were made to certain senior employees in August 2018 and shares were
recently purchased for those participants.
In connection with the FY19 LTI Plan, Meridian has given financial assistance for the purchase of shares in Meridian in
accordance with the terms of the LTI Plan. The financial assistance has been provided pursuant to section 80 of the
Companies Act 1993.
The details of the financial assistance provided by Meridian are as follows:

Shares in respect of which the
financial assistance was provided
Method of purchase for the
shares
Consideration paid for the
shares
334,897 ordinary shares in Meridian
Energy Limited
Purchased via an off-market transfer
of shares related to the Meridian
Energy Limited Long Term Incentive
Plan
$3.24 per share

PG 2
Recipients of the financial
assistance

Chief Executive Officer
Chief Financial Officer
General Manager, Generation and Natural Resources
General Manager, Wholesale
Chief Customer Officer
General Counsel
Nature and amount of the financial
assistance
The financial assistance was given in the form of interest free loans to
participants in the LTI Plan for the purpose of enabling the Trustee to
purchase the FY19 LTI Plan shares on behalf of the participants. The
aggregate amount of the loans made was $1,086,070.


ENDS


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