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Meridian Energy Limited ( (MDDNF) ) has provided an update.
Meridian Energy Limited announced its FY26 Equity Plans, which include a Long-Term Incentive (LTI) Scheme for senior employees and a Deferred Equity Short-Term Incentive (STI) Plan for executives. The LTI Scheme involves issuing Share Rights that depend on the company’s total shareholder return and employment conditions, while the Deferred STI Plan is based on achieving financial and performance targets. Meridian will use treasury stock to fulfill these plans, having purchased shares worth approximately $2.8 million on the market. This initiative aims to align employee incentives with company performance, potentially impacting stakeholder interests by fostering long-term growth and stability.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company listed on the NZX and ASX stock exchanges. It operates in the energy sector, primarily focusing on renewable energy generation and distribution.
See more data about MDDNF stock on TipRanks’ Stock Analysis page.