John Bongard will leave the board in November, having joined it in May 2011.
Investors who have had their payments cleared will get their fully paid shares transferred to them on Thursday.
Meridian Energy is one company that loves rain on its parade.
Meridian investors have to cough up final lump of cash, and may be selling other stock to do so.
The slump comes after a run of seven consecutive positive quarters.
"At this point we remain hopeful a positive decision will be made" - Binns
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