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Meridian Energy Limited ( (NZ:MEL) ) has shared an announcement.
Meridian Energy has disclosed that General Manager of Development, Guy Meredith Te Puka Waipara, has reduced his beneficial holding of ordinary shares in the company from 306,332.45 to 296,332.45 shares. The transactions were executed as three on-market sales on 11, 13, and 14 May 2026 at a price of $5.90 per share, with the shares to be registered under New Zealand Depository Nominee Limited through Sharesies Nominee Limited as custodian.
Following these trades, Waipara continues to hold a substantial equity interest in Meridian, including 135,826 performance share rights under the company’s Executive Long Term Incentive Plan. The disclosure under New Zealand’s Financial Markets Conduct Act reinforces transparency around insider share dealings for investors monitoring management’s alignment with shareholder interests.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based electricity generator and retailer focused on renewable energy, primarily hydro and wind power. The company supplies electricity to residential, commercial, and industrial customers, and plays a significant role in New Zealand’s decarbonisation and clean energy transition.
Average Trading Volume: 1,455,661
Technical Sentiment Signal: Strong Buy
Current Market Cap: N$15.49B
For an in-depth examination of MEL stock, go to TipRanks’ Overview page.