Financial Assistance – Employee Share Scheme
Release
M e r i d i a n E n e r g y L i m i t e d ( A R B N 1 5 1 8 0 0 3 9 6 ) A c o m p a n y i n c o r p o r a t e d i n N e w Z ea l a n d
L e v e l 2 , 5 5 L a d y E l i z a b e t h L a n e , P O B o x 1 0 8 4 0 , W e l l i n g t o n 6 1 4 3
m e r i d i a n e n e r g y . c o . n z
Stock Exchange Listings NZX (MEL) ASX (MEZ)
Meridian Energy’s provision of financial assistance in
connection with its Employee Share Scheme
16 July 2019
Meridian has an Employee Share Scheme (MyShare) for its New Zealand based permanent
employees. MyShare is designed to provide Meridian’s employees with an opportunity to buy shares
in Meridian and receive bonus shares for continuing to be an employee and shareholder.
Under MyShare, if participants remain employed by Meridian and retain ownership of their Meridian
shares for three years then participants are eligible for a cash bonus. The cash bonus is used by CRS
Nominees Limited (the Nominee) to purchase shares at market price on behalf of participants.
In connection with the FY17 MyShare scheme, Meridian has given financial assistance for the
purchase of shares in Meridian in accordance with the terms of the MyShare Scheme. 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
40,640 ordinary shares in Meridian Energy Limited
Consideration paid for the shares $4.805 per share
Recipients of the financial assistance Eligible participants of Meridian Energy’s FY17 MyShare
Scheme
Nature and amount of the financial
assistance
The financial assistance was given in the form of a cash
bonus to eligible participants for the purpose of enabling the
Nominee to purchase Meridian shares on behalf of the
participants. The aggregate amount of the financial
assistance was $372,254.67 which included a cash bonus
and an additional amount to cover the operating costs of the
trustee.
ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited
m e r i d i a n e n e r g y . c o . n z
PG 2
For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Claire Shaw
Corporate Communications Manager
021 370 677
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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