Company Meridian Energy Limited

Equities

MEL

NZMELE0002S7

Electric Utilities

End-of-day quote New Zealand S.E. 18:00:00 2024-06-13 EDT 5-day change 1st Jan Change
6.37 NZD -0.86% Intraday chart for Meridian Energy Limited +1.11% +14.98%

Business Summary

Meridian Energy Limited is a New Zealand-based power company. The Company is engaged in the generation, trading and retailing of electricity and the sale of complementary products and services. The Company’s segments include New Zealand wholesale and New Zealand retail. The New Zealand wholesale segment includes activity associated with its New Zealand generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The New Zealand retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. It owns and operates six hydro stations in New Zealand. It also has various wind farms and is also engaged in solar power generation across the country. It operates in New Zealand and the United Kingdom. The Company supplies electricity to power homes, businesses and farms.

Number of employees: 932

Sales per Business

NZD in Million2022Weight2023Weight Delta
New Zealand Wholesale
89.5 %
2,597 92.6 % 1,952 89.5 % -24.84%
New Zealand Retail
10.0 %
198 7.1 % 219 10.0 % +10.61%
Other & Unallocated
1.1 %
41 1.5 % 23 1.1 % -43.90%
Inter-segment
-0.6 %
-136 -4.8 % -13 -0.6 % -90.44%

Sales per region

NZD in Million2022Weight2023Weight Delta
New Zealand
100.0 %
3,695 99.8 % 3,222 100.0 % -12.80%

Managers

Managers TitleAgeSince
Chief Executive Officer - 08-06-30
Director of Finance/CFO - 05-12-31
Chief Tech/Sci/R&D Officer - 22-03-30
Investor Relations Contact - -
Corporate Officer/Principal - 20-04-01
General Counsel - 11-08-31
Corporate Officer/Principal - 19-11-04
Corporate Officer/Principal - 19-06-04
General Counsel - 07-12-31
Corporate Officer/Principal - 10-07-31

Members of the board

Members of the board TitleAgeSince
Chairman - 17-03-23
Director/Board Member 74 12-07-17
Director/Board Member - 21-07-31
Director/Board Member 61 22-07-25
Director/Board Member - 19-09-25
Director/Board Member - 23-07-24
Director/Board Member - 19-12-31
Director/Board Member - 19-10-15
Director/Board Member - 23-02-27

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 2,584,734,122 1,264,789,561 ( 48.93 %) 1,565,008 ( 0.0605 %) 48.93 %

Shareholders

NameEquities%Valuation
Guardians of New Zealand Superannuation
0.9774 %
25,301,812 0.9774 % 105 M $
Smartshares Ltd.
0.5596 %
14,485,435 0.5596 % 60 M $
Nordea Investment Management AB
0.4590 %
11,880,518 0.4590 % 49 M $
Valu-Trac Investment Management Ltd.
0.2049 %
5,303,278 0.2049 % 22 M $
Storebrand Asset Management AS
0.1744 %
4,514,826 0.1744 % 19 M $
Nordea Bank SA
0.1213 %
3,139,911 0.1213 % 13 M $
State Street Global Advisors Ltd.
0.1191 %
3,082,523 0.1191 % 13 M $
Milford Asset Management Ltd.
0.1017 %
2,632,116 0.1017 % 11 M $
Franklin Templeton Australia Ltd.
0.0848 %
2,194,488 0.0848 % 9 M $
Fisher Funds Management Ltd.
0.0680 %
1,760,866 0.0680 % 7 M $

Company contact information

Meridian Energy Ltd.

55 Lady Elizabeth Lane Level 2

6011, Wellington

+64 4 381 1200

http://www.meridianenergy.co.nz
address Meridian Energy Limited(MEL)

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