Meridian Energy allots shares under incentive scheme

Meridian Energy announced the allotment of 1,070,253 ordinary shares to entitled employees in accordance with its Executive Long Term Incentive Scheme, effective October 21, 2025. These shares were converted from 941,776 vested Share Rights and will rank pari passu with existing ordinary shares on issue, being quoted on NZX. The scheme was originally implemented on August 23, 2019.

Following this conversion, Meridian Energy still has 1,372,466 Performance Share Rights of the same class remaining to be converted. The company clarified that there are no interest or dividend conditions attached to the newly converted financial products.

The transfer reflects the exercise of vested share rights by participants in the scheme. For investor relations queries, Owen Hackston can be contacted at 021 246 4772, and for media, Phil Clark at 027 838 5710.