---
title: "Bendigo and Adelaide Bank Reports Lapse of 37,791 Performance Rights"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292416624.md"
description: "Bendigo and Adelaide Bank announced that 37,791 performance rights (ASX: BENAAA) lapsed on July 10, 2026, due to unmet conditions. This technical adjustment slightly reduces the pool for future equity issuance under incentive arrangements, with no impact on existing ordinary shares. The announcement was lodged as Appendix 3H on July 13, 2026."
datetime: "2026-07-13T00:22:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292416624.md)
  - [en](https://longbridge.com/en/news/292416624.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292416624.md)
generator: "portal-rs"
---

# Bendigo and Adelaide Bank Reports Lapse of 37,791 Performance Rights

Bendigo & Adelaide Bank ( (AU:BEN) ) just unveiled an announcement.

Bendigo and Adelaide Bank has notified the market that 37,791 performance rights, listed under the ASX code BENAAA, have lapsed after the conditions attached to those rights were not met or became incapable of being satisfied. The cessation of these performance rights slightly reduces the pool of potential future equity issuance under the bank’s incentive arrangements, indicating a modest adjustment to its capital and employee reward structure without affecting existing ordinary shares.

The bank lodged the cessation details as a new Appendix 3H announcement dated 13 July 2026, confirming the lapse took effect on 10 July 2026. This technical change to the bank’s issued capital framework is primarily of interest to investors tracking dilution from equity-based remuneration and to employees participating in long-term incentive plans tied to performance rights.

The most recent analyst rating on (AU:BEN) stock is a Sell  
 with a A$10.00 price target.  
 To see the full list of analyst forecasts on Bendigo & Adelaide Bank stock,  
 see the AU:BEN Stock Forecast page. 

**More about Bendigo & Adelaide Bank**

Bendigo and Adelaide Bank Limited is an Australian banking and financial services institution listed on the ASX under the code BEN. The group provides retail and business banking products, including lending, deposit and investment services, with a focus on serving customers and communities across Australia through its network and brands.

**YTD Price Performance:** 3.77%

**Average Trading Volume:** 1,225,926

**Technical Sentiment Signal:** Buy

**Current Market Cap:** A$6.15B

### Related Stocks

- [BEN.AU](https://longbridge.com/en/quote/BEN.AU.md)

## Related News & Research

- [Bendigo Bank publishes 2026 annual report](https://longbridge.com/en/news/296716552.md)
- [Bendigo and Adelaide Bank FY26 cash earnings rise 3% to $530.2 million](https://longbridge.com/en/news/296716542.md)
- [Elders hosts Women at Elders Conference in Adelaide to advance gender equality](https://longbridge.com/en/news/296462679.md)
- [BEN: Cash earnings up 3% to $530.2M, with strong lending, deposit growth, and digital gains](https://longbridge.com/en/news/296711793.md)
- [Ord Minnett Sticks to Their Hold Rating for Bendigo & Adelaide Bank (BXRBF)](https://longbridge.com/en/news/296852395.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**