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
29 July 2024
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 FY22 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
39,938 ordinary shares in Meridian Energy Limited
Consideration paid for the shares
$6.7246 per share
Recipients of the financial assistance
Eligible participants of Meridian Energy’s FY22
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 $268,567.07 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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