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Mercury NZ ( (NZ:MCY) ) has provided an announcement.
Mercury NZ has disclosed that director Robert David Hamilton has increased his beneficial holding in the company, following the correction of an administrative error related to its Dividend Reinvestment Plan. Hamilton acquired 121 additional ordinary shares for NZ$747.61, lifting his stake from 7,500 to 7,621 shares, in a move that modestly aligns director interests further with those of shareholders.
The acquisition was executed via a make‑up transaction administered through FNZ Custodians Limited, which holds the shares on Hamilton’s behalf. The notice underscores Mercury’s adherence to New Zealand’s Financial Markets Conduct Act disclosure requirements, providing transparency around director dealings and reinforcing governance standards for investors.
More about Mercury NZ
Mercury NZ Limited is a New Zealand-based electricity generator and retailer focused on renewable energy. The company operates primarily in the domestic power market, supplying electricity to residential, commercial and industrial customers while managing a portfolio of generation assets under the NZX ticker MCY.
Average Trading Volume: 664,423
Technical Sentiment Signal: Buy
Current Market Cap: N$9.68B
See more data about MCY stock on TipRanks’ Stock Analysis page.