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Bendigo and Adelaide Bank Limited (ASX:BEN)

ALERT: Price-sensitive ASX Announcement for BEN
Current share price for BEN : $10.400 -1.05 (-9.17%)+
Announcement
Release
16 Feb 2026 8:29AM
Price at Release
$11.450
Full Release
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Summary
Bendigo and Adelaide Bank Limited announced a partially underwritten Dividend Reinvestment Plan (DRP) for the interim dividend of 30 cents per share for the first half of the financial year 2026. The DRP is underwritten by UBS Securities Australia Limited up to 70% of the dividend amount, with a provision for a 1.5% discount on shares issued under the DRP, calculated based on the daily volume weighted average price over a specified trading period. The agreement includes a detailed termination clause for the underwriting agreement, listing several events that could lead to its termination. Investors are advised to update their DRP elections by 24 February 2026 and are encouraged to seek independent financial advice.
Key Points
  • The interim dividend is 30 cents per share, fully franked.
  • Shares under the DRP are issued at a 1.5% discount.
  • The DRP is partially underwritten by UBS Securities Australia Limited up to 70%.
  • The record date for the dividend is 23 February 2026.
  • The agreement allows termination under specific adverse events.
  • Shareholders must elect to participate in the DRP by 24 February 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.