New Zealand's Meridian Energy gains on share buyback plan

Meridian Energy

10/11/2022 02:49

** Meridian Energy's shares  MEL.NZ  up 3.2% at NZ$4.685
    ** Stock eyeing biggest intraday percentage rise since Aug 3
    ** NZ's largest renewable energy generator says will begin
share buyback worth a maximum of 489,925 shares  urn:newsml:reuters.com:*:nASX9khrQJ
    ** Says buyback may occur from Nov 16 until Nov 30
    ** Stock is down over 3% this year
 (Reporting by Ayushman Ojha in Bengaluru)
 ((ayushman.ojha@thomsonreuters.com))