Mercury NZ Ltd Issues Shares Under DRP
Company Announcements

Mercury NZ Ltd Issues Shares Under DRP

Mercury NZ Ltd. (MGHTF) has released an update.

Mercury NZ Limited has announced the re-issue of 5,351,842 ordinary shares from its treasury stock as part of its Dividend Reinvestment Plan (DRP) for the FY2024 final dividend. These shares are fully paid and were re-issued at a price of $5.8645 each, constituting 0.38% of the company’s total ordinary shares. The New Zealand Government maintains a minimum 51% shareholding in the renewable energy-focused company, which is listed on both the New Zealand and Australian Stock Exchanges.

For further insights into MGHTF stock, check out TipRanks’ Stock Analysis page.

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