Codan Reports Lapse of 4,265 Performance Rights After Vesting Conditions Not Met

An update from Codan Limited ( (AU:CDA) ) is now available.

Codan Limited has reported a change in its issued capital structure through the lapse of a tranche of performance rights, reflecting adjustments within its equity-based incentive framework. The company disclosed that 4,265 CDAAI performance rights ceased on 27 February 2026 after the conditions attached to these rights were not met or became incapable of being satisfied, resulting in a modest reduction in potential future share dilution for existing shareholders.

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, listed on the ASX under the code CDA, is an Australian company with operations significant enough to warrant detailed reporting of changes in its issued capital. The company uses performance rights as part of its equity structure, indicating the presence of incentive or remuneration arrangements linked to conditional securities.

YTD Price Performance: 25.61%

Average Trading Volume: 325,696

Technical Sentiment Signal: Buy

Current Market Cap: A$6.46B

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