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.
The S&P/NZX 50 Index closed at 12,113.54, gaining 58.82 points or 0.49%.
The retail group reported half-year earnings at the upper end of guidance.
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