Codan director increases shareholding through exercise of rights

Codan Limited ( (AU:CDA) ) just unveiled an announcement.

Codan Limited has disclosed a change in the interests of non-executive director Heith Mackay-Cruise, following the exercise of director share rights. He acquired 2,131 ordinary shares on 24 February 2026 at a price of $29.4561 per share, increasing his directly held ordinary shares from 4,187 to 6,318.

The transaction arose from the issue of shares under Codan’s Share Rights Plan, specifically through the exercise of NED Rights, and involved no on-market disposal of securities. The company confirmed that the trade did not occur during a closed period, underscoring adherence to ASX disclosure rules and maintaining transparency around director equity holdings.

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-listed company, with its securities traded on the ASX. The business operates under a share rights plan for directors, indicating a typical listed-company governance and remuneration framework focused on equity-based incentives for its board members.

Average Trading Volume: 334,565

Technical Sentiment Signal: Buy

Current Market Cap: A$6.3B

Learn more about CDA stock on TipRanks’ Stock Analysis page.