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39,023.71
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38,797.51
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7,747.81
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0.6617
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71,640.19
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78.00
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2,163.90
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109.15
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Bendigo and Adelaide Bank (ASX: $BEN) approves amendments for Reinvestment Offer

  • Author: Stock Piper

Bendigo and Adelaide Bank (ASX: $BEN) CPS4 Amendments Approval


Bendigo and Adelaide Bank Limited (ASX: $BEN) has approved amendments to the CPS4 Terms to facilitate the Reinvestment Offer for Bendigo and Adelaide Bank Capital Notes 2. The CPS4 are fully paid preference shares in the capital of the bank and are not deposit liabilities. The amendments include details on issue price, title and transfer, dividends, mandatory conversion, automatic conversion, early conversion on change of control event, and conversion mechanics. The company aims to be Australia's bank of choice, contributing to the prosperity of customers and their communities.

Executive Commentary on CPS4 Amendments


The company aims to ensure that the amendments to the CPS4 Terms align with our commitment to transparency and regulatory compliance. These amendments are designed to facilitate the Reinvestment Offer for Bendigo and Adelaide Bank Capital Notes 2, providing clarity and certainty to our CPS4 holders. We remain dedicated to being the bank of choice for our customers, supporting their financial well-being and contributing to the prosperity of the communities we serve.

Summary of CPS4 Amendments and Outlook


Bendigo and Adelaide Bank Limited (BEN) has approved amendments to the CPS4 Terms to facilitate the Reinvestment Offer for Bendigo and Adelaide Bank Capital Notes 2. The amendments cover various aspects such as issue price, title and transfer, dividends, mandatory conversion, automatic conversion, and conversion mechanics. The company's commitment to being Australia's bank of choice and contributing to customer prosperity is evident in these amendments. The comprehensive terms and conditions provide a clear framework for the issuance and management of CPS4 by Bendigo and Adelaide Bank Limited, ensuring transparency and regulatory compliance in its operations. The company's dedication to supporting the financial well-being of its customers and communities remains a key focus, aligning with its corporate strategy and commitment to excellence.

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