MERIDIAN ENERGY LIMITED
ASX:MEZUtilitiesToday’s holders own 99.9% of what they think they own, once every option and right converts.
2 cash raises in 24 months
MERIDIAN ENERGY LIMITED had 2.65B shares outstanding as of March 2026. Share count changes over the past 24 months are not stated, as the filed Appendix 2A series ends earlier than the current disclosed share count date. In the past 24 months, the company raised capital two times for a total of A$102.4M, most recently through a Dividend Reinvestment Plan (DRP) in March 2025 which raised A$49.4M. There are 3M potential new shares from options on issue, representing 0.1% of current shares. An expiry date for these options is not on record. No quarterly cash report is on record, so no cash balance or funding runway is disclosed. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 23 Oct 2024 | 3G · unquoted | MEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 1.28B | Appendix 3G |
| 23 Sept 2024 | 2A · quoted issue | MEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 1.28B | Appendix 2A |
| 23 Sept 2024 | 3G · unquoted | MEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 1.27B | Appendix 3G |
| 27 Mar 2024 | 3G · unquoted | MEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 1.27B | Appendix 3G |
| 26 Mar 2024 | 2A · quoted issue | MEZ : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 1.27B | Appendix 2A |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (1.28B) need not equal the current count above (2.65B).
Capital raises
2 cash raises in the last 24 months · 0 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 3.1M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| MEZAJ | Performance shares | Condition-triggered | — | — | 3.1M | Filing Meeting |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.