Meridian receives 98 percent of instalment receipts

Sun, 17 May 2015

By Suze Metherell May 18 (BusinessDesk) - Meridian Energy, the state controlled energy generator and retailer, has received 98 percent of its instalment receipts with the first round of share transfers due this Thursday. The partially privatised energy company listed on the NZX in October 2013, with the shares offered in a two-payment instalment receipts process to sweeten the offer for small investors, with $1 upfront and the promise of full entitlement to dividends, and the remaining 50 cents coming due this month. Investors who have h...

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