Meridian Energy Limited (Meridian) announced on 10 November 2022 that it would undertake an on-market share buyback in connection with the FY23 long-term incentive scheme.
Meridian has now completed that share buyback.
Meridian acquired 489,925 ordinary shares on the NZX Main Board at an average price of NZ$4.6418 per share.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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