The NZ Government has announced it intends to offer up to 49% of Meridian Energy to the public by way of an Initial Public Offering (“IPO”).

Key dates
Retail Offer Opening Date – 30 September 2013

Retail Offer Closing Date – 18 October 2013

Listing and Trading of Securities on NZX – 29 October 2013

  • Pay in instalments. Get any dividends in full. The Meridian Share Offer will use instalment payments for investors who buy Meridian shares.
  • A price cap for New Zealand retail investors. To give New Zealand retail investors greater certainty on the final share price, Meridian shares will have a set maximum price per share. You will be guaranteed to pay no more than a set share price, even if the price paid by institutions is higher.

Find out more about these announcements at www.governmentshareoffers.govt.nz.