Meridian Energy assists FY26 equity plans with NZ$2.8 million share purchases

Meridian Energy has provided financial assistance, as per section 80 of the Companies Act 1993, for its FY26 Equity Plans, which include a Long-Term Incentive (LTI) Scheme and a new Deferred Equity short-term incentive (Deferred STI) Plan. For the FY26 LTI Plan, Share Rights were issued to participants, vesting based on total shareholder return relative to cost of equity, peer performance, and continued employment. The Deferred STI Plan, effective from July 1, 2025, will award shares based on company financial targets, individual performance, and conduct.

To meet its obligations under these Equity Plans, Meridian will acquire its own shares on market and hold them as treasury stock, transferring them to participants if Vesting and Award Conditions are met. The company purchased 150,000, 84,601, and 265,399 ordinary shares at prices of $5.6041, $5.5961, and $5.6126 per share, respectively.

The aggregate value of the shares purchased in connection with this financial assistance amounted to $2,807,831.63, inclusive of brokerage. The financial assistance primarily benefits eligible participants of Meridian Energy's FY26 Equity Plans.