Meridian Energy funds employee share purchases through MyShare scheme

Meridian Energy Limited announced on September 9, 2025, that it has provided financial assistance to its New Zealand-based permanent employees in connection with its FY23 MyShare Scheme. This scheme allows employees to buy Meridian shares and receive bonus shares for continued employment and shareholding. The financial assistance was granted in accordance with section 80 of the Companies Act 1993.

The assistance was provided for 49,099.11 ordinary shares in Meridian Energy Limited, with a consideration paid of $5.69 per share. Eligible participants of Meridian Energy's FY23 MyShare Scheme were the recipients. The financial aid was in the form of a cash bonus, enabling Sharesies Limited (Nominee) to purchase Meridian shares at market price on behalf of the participants.

The total gross amount of the financial assistance provided was $468,288, before Kiwisaver and PAYE deductions. This initiative aims to foster employee ownership and engagement within the company.