Meridian announced on 12 March 2021 that it would undertake an on-market share buyback in connection with the FY21 executive long-term incentive scheme. Meridian has now completed that share buyback. Meridian acquired 476,174 ordinary shares on the NZX Main Board at an average price of NZ$5.490 per share.
The S&P/NZX 50 Index closed up 0.27% or 37.19 points.
ASB flagged the class action as a contingent liability.
“ANZ NZ will continue to defend its case. Our position hasn’t changed.”
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