Meridian Energy Limited (Meridian) announced on 25 October 2024 that it would undertake an on-market share buyback in connection with the FY25 long-term incentive scheme. Meridian has now completed that share buyback. Meridian acquired 1,000,000 ordinary shares on the NZX Main Board at an average price of NZ$5.9068 per share.
The S&P/NZX 50 Index closed down 0.53% or 71.407 points to 13,306.44.
New directors say shareholders are right to expect more, and they intend to deliver.
According to Air NZ, it had anticipated a 2% to 3% revenue uplift.
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