Announcement • Jun 06
Meridian Energy Limited Receives Draft Approval from Fast-Track Panel to Ease Access Restrictions on Lake Pkaki Hydro Storage and Install Rock Armouring Meridian Energy Limited welcomed the Fast-track Panel's draft decision proposing the easing of access restrictions on Lake Pkaki hydro storage for a three-year period. Meridian sought approval under the Fast-track Approvals Act to allow access to water stored between 518 and 513 metres above sea level prior to the point where Transpower estimates there is a 4% risk of electricity shortage. While welcoming the decision Meridian also respects and appreciates the views of commenters in the Fast-track process that raised concerns regarding eased access to contingent storage. Given these concerns and the positive hydro storage outlook for Winter 2026, Meridian proposes, if the draft decision is confirmed, to continue for the rest of 2026 to treat half of the five metres of contingent storage as only accessible when there is a heightened risk to security of supply. The company plans to hold further discussions with key electricity industry stakeholders during 2026 on this topic. In addition to the contingent storage access, the Fast-track Panel's draft decision also grants Meridian permission to permanently install rock armouring at Pkaki Dam to ensure its resilience to wave erosion when operating the lake at lower levels. The Panel is required to release its final decision by 3 July 2026. Announcement • Feb 25
Meridian Energy Limited Announces Ordinary Unfranked Dividend for the Six Months Ended December 31, 2025, Payable on March 24, 2026 Meridian Energy Limited announced ordinary unfranked dividend of NZD 0.06400000 per security for the six months ended December 31, 2025. Dividend payable on March 24, 2026, record date of March 6, 2026 and ex-date of March 5, 2026. Announcement • Dec 15
Meridian Energy Limited to Report First Half, 2026 Final Results on Feb 25, 2026 Meridian Energy Limited announced that they will report first half, 2026 final results on Feb 25, 2026 Announcement • Dec 05
Meridian Energy Limited Announces Resignation of Michelle Henderson as Independent Director, Effective 27 January 2026 Meridian Energy Limited announced resignation of Michelle Henderson as independent director, effective 27 January 2026. Michelle's resignation follows her appointment as the new General Manager of New Zealand Aluminium Smelters (NZAS) at Tiwai. Announcement • Oct 28
Meridian Energy Limited Appoints Kylie Reiri as Future Director, Effective 3 November 2025 The Meridian Energy Board announced the appointment of Kylie Reiri (Ngi Tahu, Ngti Kahungunu, Rangitne) as its next Future Director, effective 3 November 2025. Kylie has had a career in a range of private and public sector roles dedicated to improving outcomes for New Zealanders through data-driven decision making including her current role as Deputy Chief Executive Transformation, Technology and Enabling Services with the Social Investment Agency. Prior to this Kylie was a Partner at PwC where she led work across the Mori economy and the Finance, Economics and Analytics practice. She has experience building and leading start-up companies, including serving as CEO of Nicholson Consulting and co-founding Impact Lab. Her leadership has been recognised with several awards, including NZ IT Professional of the Year 2021 and the IT People Leadership award. She serves on the Data Science and AI Board at Te Herenga Waka-Victoria University of Wellington, advocating for accelerated adoption of new technologies in safe and considered ways. Of Ngti Kahungunu, Rangitne and Ngi Tahu descent, Kylie brings strong cultural capability to her role. She is passionate about ensuring every child in Aotearoa New Zealand has the opportunity to thrive. Kylie lives in Wellington with her partner and their three tamariki, who they are raising in a bilingual te reo Mori home. Announcement • Oct 21
Meridian Energy Limited Declares Final Cash Dividend for the Fiscal Year 2025 That strong balance sheet meant Meridian Energy Limited was also able to provide stable returns to shareholders, with the Board declaring a final ordinary dividend of 14.85 cents per share. This brings the total ordinary dividends declared in FY25 to 21.00 cents per share. The Board approved continuation of the Dividend Reinvestment Plan at a 2% discount. Announcement • Aug 07
Meridian Energy Limited, Annual General Meeting, Oct 21, 2025 Meridian Energy Limited, Annual General Meeting, Oct 21, 2025. Location: wellington New Zealand Announcement • Jun 26
Meridian Energy Limited to Report Fiscal Year 2025 Results on Aug 27, 2025 Meridian Energy Limited announced that they will report fiscal year 2025 results on Aug 27, 2025 Announcement • May 15
Meridian Energy Limited (NZSE:MEL) agreed to acquire branded electricity customers, hedge book and brand of Flick Energy Limited. Meridian Energy Limited (NZSE:MEL) agreed to acquire branded electricity customers, hedge book and brand of Flick Energy Limited on May 13, 2025. In a related transaction, Meridian Energy Limited agreed to acquire branded electricity customers of Z Energy Limited for a combined consideration of NZD 70 million. Announcement • Feb 20
Meridian Energy Limited (NZSE:MEL) entered into a Scheme Implementation Agreement to acquire remaining 80.01% stake in NZ Windfarms Limited (NZSE:NWF) from Salt Funds Management Limited and Robert Stone for NZD 72.7 million. Meridian Energy Limited (NZSE:MEL) entered into a Scheme Implementation Agreement to acquire remaining 80.01% stake in NZ Windfarms Limited (NZSE:NWF) from Salt Funds Management Limited and Robert Stone for NZD 72.7 million on February 19, 2025. A cash consideration valued at NZD 0.25 per share will be paid by Meridian Energy Limited. Upon completion, Meridian Energy Limited will own 100% stake in NZ Windfarms Limited.
The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The deal has been unanimously approved by the board.
Russell McVeagh acted as legal advisor for Meridian Energy Limited. Clare Capital Limited acted as financial advisor for Meridian Energy Limited. Announcement • Dec 16
Meridian Energy Limited to Report First Half, 2025 Results on Feb 26, 2025 Meridian Energy Limited announced that they will report first half, 2025 results on Feb 26, 2025 Announcement • Aug 28
Meridian Energy Limited Declares Partially Imputed Final Ordinary Dividend for the Fiscal Year Ended June 30, 2024, Payable on 20 September 2024 The Board of Meridian Energy Limited declared a partially imputed final ordinary dividend of 14.85 cents per share. This brings the total ordinary dividends declared in fiscal year 2024 to 21.00 cents per share. Record date is 5 September 2024. Dividend payment date is 20 September 2024. Announcement • Aug 01
Meridian Energy Limited, Annual General Meeting, Oct 15, 2024 Meridian Energy Limited, Annual General Meeting, Oct 15, 2024. Announcement • Jun 27
Meridian Energy Limited to Report Fiscal Year 2024 Results on Aug 28, 2024 Meridian Energy Limited announced that they will report fiscal year 2024 results on Aug 28, 2024 Announcement • Mar 01
Meridian Energy Limited Announces Dividend for the Six Months Ended December 31, 2023, Payable on March 26, 2024 Meridian Energy Limited announced ordinary fully paid foreign exempt dividend of NZD 0.07018235 per security for the six months ended December 31, 2023. Ex date is March 8, 2024; Record date is March 11, 2024; Payment date is March 26, 2024. Announcement • Dec 05
Meridian Energy Limited to Report First Half, 2024 Results on Feb 28, 2024 Meridian Energy Limited announced that they will report first half, 2024 results on Feb 28, 2024 Announcement • Aug 30
Meridian Energy Limited Announces Final Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on September 22, 2023 Meridian Energy Limited announced final ordinary dividend of 11.90 cents per share for the six months ended June 30, 2023. Record Date is September 7, 2023. Ex Date is September 6, 2023. Payment Date is September 22, 2023. Announcement • Jul 29
Meridian Energy Limited, Annual General Meeting, Oct 12, 2023 Meridian Energy Limited, Annual General Meeting, Oct 12, 2023. Announcement • Jul 13
Meridian Energy Limited Appoints David Carter as A Non-Executive Director with Effect from 25 July 2023 Meridian Energy Limited advised that it intends to appoint David Carter as a Non-Executive Director with effect from 25 July 2023. David brings broad expertise in the civil engineering, infrastructure, strategy, and management spaces and will add to the Board's skills and expertise following the retirement of longstanding Director, Mark Cairns, whose term concludes at the Company's Annual Shareholders' Meeting later this year. David holds a BE (Civil) with Honours and a ME with distinction from Auckland University New Zealand, as well as a PhD (Geotechnical Engineering) from the University of California at Berkeley in the United States of America. David has been with the Beca group of companies since 1988 and over his 30 plus years of experience has held various positions within the group. Since 2017 Mr. Carter has been the Group Executive Chair at Beca Group Ltd. - one of the largest independent advisory, design, engineering and related services consultancies in the Asia-Pacific. A civil engineer by profession, David has worked across a diverse range of sectors both within New Zealand and offshore, from airports to ports, and wastewater treatment plants to heavy duty pavements. He has worked on remediation of the Larona hydro canal and on foundations for high rise structures. During his career he has worked on a range of major projects including the Victorian (Australia) Desalination plant as a board member of the design JV. He was also a technical reviewer of the resource consent for the Kioreweku Hydroelectric project. Announcement • Jun 30
Meridian Energy Limited to Report Fiscal Year 2023 Results on Aug 29, 2023 Meridian Energy Limited announced that they will report fiscal year 2023 results on Aug 29, 2023 Announcement • Dec 15
Meridian Energy Limited to Report First Half, 2023 Results on Mar 01, 2023 Meridian Energy Limited announced that they will report first half, 2023 results on Mar 01, 2023