NZ RegCo Share Price Enquiry Into Meridian Energy Limited

WGN
Level 1
11 Cable Street
Wellington 6011
New Zealand
PO Box 2959
P +64 4 472 7599
AKL
Level 7, Jarden House
21 Queen Street
Auckland 1010
New Zealand
PO Box 106 555
P +64 9 368 1375



29 December 2020

Mike Roan
Chief Financial Officer
Meridian Energy Limited

By email: mike.roan@meridianenergy.co.nz

Dear Mr Roan,

Meridian Energy Limited (MEL) – Price Enquiry

We write with respect to the continuous disclosure obligations set out in the Listing Rules (Rules).
Listing Rule 3.1.1 (”the rule”) is set out in the Schedule attached to this letter. In summary, this rule
requires issuers to immediately disclose any Material Information to NZX Limited (“NZ RegCo”). The
rule provides limited exceptions to this obligation. Material Information does not need to be disclosed
where a reasonable person would not expect the information to be disclosed and where the
information is confidential and its confidentiality is maintained and where one of five safe harbours
applies.

The price of MEL has increased from $6.51, being the market close price on 21 December 2020 to
$7.83, being the price at the close on 29 December 2020. This represents a total increase of $1.32,
or 20.27%.

Given this increase in the price of MEL shares, please advise NZ RegCo whether Meridian Energy
Limited continues to comply with Listing Rule 3.1.1.

Could you please provide NZ RegCo with an answer to the above question (email:
surveillance@nzregco.com) before 9:00am on Wednesday, 30 December 2020.

Please provide your response to this letter in “PDF” format, and note that it will be published in full to
the market.

Kind Regards,




Alistair Weekes
Surveillance Analyst
NZ RegCo

2
SCHEDULE

3.1 Disclosure of Material Information
3.1.1 Once an issuer becomes Aware of any Material Information relating to it, the Issuer must:
a) Promptly and without delay release that Material Information through MAP, and
b) Not disclose any Material Information to the public, any other stock exchanges (except as
provided for in Rule 3.26.2(d)) or any other party without first releasing that Material
Information through MAP.

3.1.2 Rule 3.1.1 does not apply when:
(a) One or more of the following applies:
i) Release of the information would be a breach of the law,
ii) The information concerns an incomplete proposal or negotiation,
iii) The information contains matters of supposition or is insufficiently definite to warrant
disclosure
iv) The information is generated for internal management purposes, or
v) The information is a trade secret,
(b) The information is confidential and its confidentiality is maintained, and
(c) A reasonable person would not expect the information to be disclosed.

3.2 False Market
3.2.1 An Issuer must promptly and without delay release Material Information through MAP to the
extent necessary to prevent development or subsistence of a market for its Quoted Financial
Products which is materially influenced by false or misleading information emanating from:
a. the Issuer or any Associated Person of the Issuer, or
b. other persons in circumstances in each case which would give such information
substantial credibility,
and which is of a reasonably specific nature whether or not Rule 3.1.2 applies.

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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)
30 December 2020

Alistair Weekes
Surveillance Analyst
NZ RegCo

By email: surveillance@nzregco.com


Dear Alistair
Meridian Energy Limited (MEL) - Price Enquiry
We refer to your letter dated 29 December 2020.
We confirm that, as at the date of this letter, Meridian Energy Limited continues to comply with Listing
Rule 3.1.1.

Yours sincerely

Jason Woolley
General Counsel and Company Secretary
Meridian Energy Limited