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.