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The latest update is out from Meridian Energy Limited ( (MDDNF) ).
Meridian Energy has announced the cancellation of 34,872 performance share rights previously granted to certain senior managers under its Executive Long-Term Incentive Scheme. The cancelled rights, issued in October 2023, 2024 and 2025, represent approximately 0.0013% of the total class of performance share rights, and their cancellation, for no consideration, modestly reduces the pool of outstanding rights to 2,097,294 while leaving the company’s overall capital structure largely unchanged.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-incorporated electricity generator and retailer, listed on both the NZX (ticker: MEL) and ASX (ticker: MEZ). The company operates in the energy sector with a focus on power generation and retail energy services, and it maintains a significant listed capital base including ordinary shares, treasury stock, and performance share rights.
For a thorough assessment of MDDNF stock, go to TipRanks’ Stock Analysis page.