Issue of Share Rights
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Stock Exchange Listings NZX (MEL) ASX (MEZ)
Issue of Share Rights
24 February 2021
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:
Polly Atkins
Senior Communications Specialist
021 174 1715
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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