An announcement from Mercury NZ Ltd. ( (MGHTF) ) is now available.
Mercury NZ Limited announced a capital change involving the re-issue of 538,150 ordinary shares from treasury stock and the issuance of 6,952,650 new shares under its Dividend Reinvestment Plan (DRP) for the FY2025 interim dividend. This move, effective from April 1, 2025, increases the total number of ordinary shares to 1,406,965,167, reflecting a 0.54% increase in the total class of financial products. This strategic action is expected to enhance shareholder value by allowing dividends to be reinvested into the company, potentially strengthening its market position and providing a stable return for investors.
More about Mercury NZ Ltd.
Mercury NZ Limited is a company that generates electricity from 100% renewable sources, including hydro, geothermal, and wind. It also provides retail services for electricity, gas, broadband, and mobile services. The company is listed on both the New Zealand Stock Exchange and the Australian Stock Exchange under the ticker symbol ‘MCY’. The New Zealand Government holds a minimum 51% shareholding in the company.
Technical Sentiment Signal: Sell
Current Market Cap: $4.44B
For detailed information about MGHTF stock, go to TipRanks’ Stock Analysis page.