Meridian says Bank of New York Mellon has 3.98 percent of company, not 8.12 percent

Thu, 31 Oct 2013

By Tina Morrison Oct 31 (BusinessDesk) – Meridian Energy, which listed on the New Zealand stock exchange on Tuesday, says Bank of New York Mellon Corp. has just 3.98 percent of the company, after the bank filed a substantial security notice today stating a higher figure. New York-based BNY Mellon, which has US$1.5 trillion of assets under management, said earlier today it had acquired 102 million of the 1.256 billion common shares on issue, taking its stake to 8.12 percent, which is over the 5 percent threshold requiring investors to declare...

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