Meridian Energy: Employees to receive share rights in new incentive

Meridian Energy's board has approved the issuance of share rights to certain employees as part of its long-term incentive (LTI) scheme. Each share right, upon vesting and exercise, will entitle the holder to one ordinary share in the company.

Additionally, recipients will receive an equivalent number of shares representing the value of gross cash dividends a New Zealand tax resident would have received for holding a share throughout the vesting period. This value will be calculated using a 10-day volume-weighted average price.

The company expects the share rights to be issued on October 31, 2025. This initiative aims to align employee interests with shareholder value creation.