Meridian Energy acquires full ownership of NZ Windfarms

The scheme of arrangement, which facilitated Meridian Energy's acquisition of all the remaining shares in NZ Windfarms, has been successfully implemented.

As a result, Meridian now holds 100% ownership of NZ Windfarms.

Shareholders who held shares in NZ Windfarms as of the record date have received the scheme consideration of 25 cents per share in cash.

Following the implementation of the scheme, NZ Windfarms will be delisted from the NZX, and there have been changes to the company's board of directors.

Craig Stobo, Patrick Brockie, Christine Spring, and Philip Cory-Wright have resigned as directors, while Michael Roan and Jason Woolley have been appointed as directors by Meridian.