Meridian Energy boosts employee ownership with MyShare scheme

Meridian Energy Limited announced on September 9, 2025, details of financial assistance provided under its MyShare Scheme for New Zealand-based permanent employees. The scheme enables employees to purchase Meridian shares and receive bonus shares for continued employment and shareholding.

Participants who remain employed for three years and retain their shares are eligible for a cash bonus, which Sharesies Limited (Nominee) uses to purchase shares at market price on their behalf.

For the FY23 MyShare Scheme, Meridian provided financial assistance in the form of a cash bonus for the purchase of 49,099.11 ordinary shares in Meridian Energy Limited. The shares were acquired at a consideration of $5.69 per share. The financial assistance, provided pursuant to section 80 of the Companies Act 1993, was given to eligible participants of Meridian Energy's FY23 MyShare Scheme.

The gross amount of the financial assistance provided by Meridian totaled $468,288, prior to any Kiwisaver and PAYE deductions. This assistance aims to enable the Nominee to purchase Meridian shares on behalf of the participants, reinforcing the company's commitment to employee ownership and alignment with shareholder interests.