Manawa Energy announces director changes amid acquisition

Manawa Energy (NZX:MNW) announced upcoming changes to its board of directors, contingent on the successful implementation of the Scheme of Arrangement with Contact Energy. Upon completion of the acquisition, Deion Campbell, Sheridan Broadbent, Michael Smith, Joanna Breare, Joe Windmeyer, and Phillippa Harford will resign from the Manawa Board. Simultaneously, Matt Bolton, Jan Bibby, Matt Forbes, and Kirsten Clayton will be appointed as directors. Kirsten Clayton will also assume the role of Company Secretary. Implementation is expected on 11 July 2025. Once the acquisition is complete, Manawa's shares will be delisted from the NZX Main Board, transitioning the company to a debt-only issuer, thus exempting it from NZX Listing Rules concerning independent director requirements.