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.
Fonterra’s shares and units rallied while the broader market ended weaker.
Robinson called for an extraordinary meeting to elect a “truly independent board”.
Select committee recommends an immediate end to increasing capital ratios.
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