Codan Director Adam-Gedge Increases Stake via Share Rights Exercise

Codan Limited ( (AU:CDA) ) has shared an update.

Codan Limited has disclosed a change in director Sarah Adam-Gedge’s holdings following the exercise of non-executive director rights under the company’s share rights plan. Adam-Gedge converted 1,065 NED rights into ordinary shares on 24 February 2026 at a price of $29.4561 per share, increasing her direct shareholding while other related holdings remained unchanged.

The transaction reflects ongoing alignment of board members’ interests with those of shareholders through equity-based remuneration. While the change is modest in scale, it underscores Codan’s continued use of share-based incentives to retain and incentivise directors, a common governance practice among listed Australian industrial and technology companies.

The most recent analyst rating on (AU:CDA) stock is a Buy with a A$38.50 price target. To see the full list of analyst forecasts on Codan Limited stock, see the AU:CDA Stock Forecast page.

More about Codan Limited

Codan Limited is an Australia-based technology company that designs and manufactures communications equipment and metal detection solutions. Its products serve markets such as mining, security, military, humanitarian, and commercial communications, with a focus on reliable, high-specification equipment for global customers.

Average Trading Volume: 334,565

Technical Sentiment Signal: Buy

Current Market Cap: A$6.3B

See more insights into CDA stock on TipRanks’ Stock Analysis page.