Companies / MEZ

MERIDIAN ENERGY LIMITED

ASX:MEZUtilities
2.65B shares on issueASX (delayed) · as of 28 July 2026$4.67price · delayed$12.47Bmarket cap · indicative
B
Dilution grade

2 cash raises in 24 months

Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)0.7%
Raise cadence (24m)2 cash raises
Options & rights overhang0.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MERIDIAN ENERGY LIMITED's ordinary share count was 1.28B between March 2024 and September 2024, increasing 0.7% between 2024-03 and 2024-09. The company raised capital twice in the 24-month window for total disclosed proceeds of A$102.4M, most recently A$49.4M in March 2025. Options and rights on issue could convert into 4M new shares, equal to 0.2% of the current share count, with 0% in the money. The company does not have a current quarterly cash report lodged, so no quarterly cash balance or funding-runway figure is on record. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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0.2%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
—
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.65B per ASX (delayed) (28 July 2026).
2.62B2.63B2.64BDec 24Sept 25July 26Cash raise · 26 Mar 2025

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
23 Oct 20243G · unquotedMEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX1.28BAppendix 3G
23 Sept 20242A · quoted issueMEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX1.28BAppendix 2A
23 Sept 20243G · unquotedMEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX1.27BAppendix 3G
27 Mar 20243G · unquotedMEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX1.27BAppendix 3G
26 Mar 20242A · quoted issueMEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX1.27BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 0 in the last 12 months

$49.4M
Capital raise
26 Mar 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.2%
Total overhang · of current shares
0.0%
In the money · at current price
4.1M
Potential new shares
—
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

No director dealing notices (Appendix 3Y) on record.
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

17 July 2026S&P reaffirms Meridian's BBB plus corporate credit rating
15 July 2026$PMeridian Energy monthly operating report for June 2026
8 July 2026Ongoing D&O Disclosures
2 July 2026$PMeridian receives final approval on contingent storage
30 June 2026Capital Change Notice
29 June 2026Capital Change Notice
16 June 2026Meridian Annual Results Announcement Date
15 June 2026Waitaki reconsenting receives final approval
14 June 2026$PMeridian Energy monthly operating report for May 2026
8 June 2026Ongoing D&O Disclosures
4 June 2026$PMeridian receives draft approval on contingent storage
19 May 2026Ongoing D&O Disclosures
14 May 2026Meridian secures consent for Bunnythorpe Solar Farm
14 May 2026$PMeridian Energy monthly operating report for April 2026
11 May 2026Ongoing D&O Disclosures
4 May 2026Meridian joins global ranks of sustainable companies
28 Apr 2026Capital Change Notice
17 Apr 2026Ongoing D&O Disclosures
16 Apr 2026$PMeridian Energy monthly operating report for March 2026
31 Mar 2026Meridian issues Australian $400m Green Medium Term Notes

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.