Bendigo and Adelaide Bank Issues New Ordinary Shares on Conversion of Unquoted Securities

Bendigo & Adelaide Bank ( (AU:BEN) ) has shared an update.

Bendigo and Adelaide Bank has notified the market of the issue of 40,223 new ordinary fully paid shares, following the conversion or exercise of previously unquoted equity securities. The new BEN shares were issued on 1 April 2026, modestly increasing the bank’s share capital and reflecting ongoing use of equity-based incentives or convertible instruments in its capital management framework.

The issuance of these additional ordinary shares slightly dilutes existing holdings but supports the bank’s long-term remuneration and funding structures. While small in scale relative to its total shares on issue, the move underscores Bendigo and Adelaide Bank’s continued reliance on equity securities as part of its broader capital and employee incentive strategy.

The most recent analyst rating on (AU:BEN) stock is a Sell with a A$10.10 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 financial services institution that operates as a retail and commercial bank. Listed on the ASX under the code BEN, it offers a range of banking products and services to households, small businesses, and regional communities across Australia.

YTD Price Performance: 12.16%

Average Trading Volume: 1,957,069

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$6.65B

See more data about BEN stock on TipRanks’ Stock Analysis page.