FilingReader Intelligence

NZ Windfarms schedules shareholder vote on Meridian scheme

May 26, 2025 at 07:36 AM UTCBy FilingReader AI

NZ Windfarms Limited (NZX: NWF) has announced the date for a special shareholder meeting to vote on the proposed scheme of arrangement by Meridian Energy Limited, as directed by the High Court. The Scheme Meeting will take place on Tuesday, June 24, 2025, in Auckland and online. Shareholders are encouraged to review the Scheme Booklet, which includes an Independent Adviser's Report valuing shares between NZD 0.19 and NZD 0.229. Meridian is offering NZD 0.25 per share. The board unanimously recommends shareholders vote in favor of the Scheme, citing the offer's premium over the assessed valuation and the risks associated with the company's ongoing projects should the deal fall through. The Scheme requires approval from 75% of votes in each interest class (including Meridian) and more than 50% of the total votes attached to the shares. Certain shareholders, including Meridian, have already committed to voting 37.08% of the shares in favor. Pending shareholder and High Court approval, the deal is expected to close in early August 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

NZX:NWFNew Zealand Exchange

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