Meridian

Meridian is New Zealand’s largest electricity company and producer of renewable energy in the country. They own and operate five wind farms and seven hydro power stations in NZ and are working on rolling out the largest commercial solar programme in the country. The company also has a presence in the Australian market through ownership of two wind farms and three hydro plants.

Meridian is listed on both the NZX and ASX and is the largest energy company on the NZX in terms of market capitalisation. The company currently employs around 1,000 people, Neal Barclay has been CEO since 2018.

Company Details

Registered Office: 287-293 Durham Street North, Christchurch 8013, New Zealand

Postal Address: PO Box 10840, The Terrace, Wellington 6143

Telephone: +64-4-381-1200

Facsimile: n/a

Website: http://www.meridianenergy.co.nz/

First Listed: 30/04/2015

Balance Date: 30 June

AGM: 12/10/2023

Directors and Executives

Neal Barclay

Chief Executive Officer

David Carter

Independent Director

Graham Cockroft

Independent Director

Chris Ewers

General Manager

Lisa Hannifin

General Manager

Michelle Henderson

Independent Director

Julia Hoare

Independent Director

Tania Palmer

General Manager

Michael Roan

Chief Financial Officer

Nagaja Sanatkumar

Independent Director

Tania Simpson

Independent Director

Mark Verbiest

Chairman

Guy Waipara

General Manager

Jason Woolley

Company Secretary

Announcements

Title	Date	Type
Meridian Energy monthly operating report for March 2024	Tue, Apr 16 2024 08:30 am	MKTUPDTE
Flux Federation CEO Resignation	Fri, Apr 05 2024 02:00 pm	ADMIN
D&O Ongoing Disclosure Notices	Thu, Mar 28 2024 02:38 pm	SHINTR
Capital Change Notice Relating to DRP	Wed, Mar 27 2024 01:11 pm	SECISSUE
Capital Change Notice – Green Bond Issue	Tue, Mar 26 2024 03:49 pm	SECISSUE
D&O Ongoing Disclosure Notice	Fri, Mar 22 2024 04:15 pm	SHINTR
Meridian AUD FX rate for 2024 interim dividend	Fri, Mar 22 2024 03:20 pm	GENERAL
Meridian issues demand response cessation notice to NZAS	Tue, Mar 19 2024 04:14 pm	GENERAL
D&O Ongoing Disclosure Notices	Tue, Mar 19 2024 09:36 am	SHINTR
Dividend reinvestment plan strike price	Fri, Mar 15 2024 08:30 am	GENERAL

Major Holdings Announcements

Date	Name	No. Held	%	Current
20/04/21	BlackRock, Inc. and related bodies	85,400,202	7.09	3.33

Director’s Interests Announcements

Date	Name	No. Held	%	Details	Other
31/01/24	Neal Anthony Barclay	530,575	-	-	-
31/01/24	Michael John Roan	253,748	-	-	-
05/10/23	Julia Hoare	8,328	-	-	-
05/10/23	Mark Verbiest	49,302	-	-	-
08/09/23	Tania Simpson	5,140	-	-	-
01/08/23	David Powell Carter	18,000	-	-	-
19/04/23	Janice (Jan) Dawson	54,510	-	-	-
19/04/23	Michelle Anne Henderson	13,721	-	-	-
30/08/22	Graham John Cockroft	40,000	-	-	-
02/03/22	Nagaja Tharanginee Sana	8,769	-	-	-
02/11/21	Mark Cairns	239,861	-	-	-
13/03/19	Paul Thomas Chambers	445,294	-	-	-
07/09/18	Paul Chambers	444,964	-	-	-
26/01/18	Mark James Binns	692,691	-	-	-
15/11/17	Mark Binns	692,408	-	-	-
09/10/17	Peter Wilson	99,170	-	-	-

Analysts’ Forecasts

	profit2021	profit2022	eps2021	dps2021	sales2021	ebit2021	ebitda2021
mean	320.4	19.5	18.6	4,369.0	507.8	819.7
high	320.4	19.5	18.6	4,369.0	507.8	819.7
low	320.4	19.5	18.6	4,369.0	507.8	819.7
sample	1	0	1	1	1	1	1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.

Last Updated: 22/09/2023