Financial Assistance – Employee Share scheme

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Stock Exchange Listings NZX (MEL) ASX (MEZ)
Meridian Energy’s provision of financial assistance in
connection with its Employee Share Scheme
19 July 2021
Meridian Energy Limited (Meridian) has an Employee Share Scheme (MyShare Scheme) for its New Zealand based
permanent employees. The MyShare Scheme 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 the MyShare Scheme, 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 (Nominee) to
purchase shares at market price on behalf of participants.
In connection with the FY19 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
40,839 ordinary shares in Meridian Energy Limited
Consideration paid for the shares $5.3026 per share
Recipients of the financial assistance Eligible participants of Meridian Energy’s FY19 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 $429,255.80 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

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