Codan Limited (ASX:CDA) has disclosed a change in the relevant interests of director Alfonzo Ianniello, following the issue of 63,878 Performance Rights on 3 November 2026 under the Codan Limited Share Rights Plan Rules, with the securities issued for nil consideration and carrying a nil exercise price.

Key Points

  • Director Alfonzo Ianniello received 63,878 Performance Rights on 3 November 2026 under the Codan Limited Share Rights Plan Rules
  • The Performance Rights were issued for nil consideration with a nil exercise price
  • Ianniello's total Performance Rights holding increased from 202,281 to 266,159 following the change
  • Ordinary share holdings across both the Symetry Personal Retirement Fund account (27,120 shares) and the A & M Ianniello Family Account (187,234 shares) remained unchanged

Performance Rights Issue Under Share Rights Plan

According to the filing lodged with the ASX, the 63,878 Performance Rights were issued to Alfonzo Ianniello as a direct interest under the Codan Limited Share Rights Plan Rules. No securities were disposed of as part of this transaction, with the number of Performance Rights disposed recorded as nil. The rights were issued for nil consideration and carry a nil exercise price, as explicitly disclosed in the notice. The nature of the change is recorded as a Performance Rights issue under the Codan Limited Share Rights Plan Rules, with no contract interests noted in Part 2 of the filing.

Director's Securities Holdings After the Change

Following the issue, Alfonzo Ianniello's total Performance Rights holding stands at 266,159, up from 202,281 prior to the change. His ordinary share holdings remain unchanged across two separate accounts: 27,120 ordinary shares held through the trustee for the Symetry Personal Retirement Fund (Alfonzo Ianniello Custody Shares Account), and 187,234 ordinary shares held jointly by Mr Alfonzo Ianniello and Mrs Maria Cirocco Ianniello through the A & M Ianniello Family Account. The filing classifies the interest as direct.

Previous Director Interest Notice and Closed Period Disclosures

The filing states that the date of the last director interest notice for Alfonzo Ianniello was 28 August 2026. The filing further discloses that Part 3 of the notice, which relates to trading during a closed period requiring prior written clearance, is recorded as not applicable across all relevant fields. No contract interests were disclosed under Part 2 of the notice, with all fields in that section recorded as not applicable. The entity filing the notice is Codan Limited, ABN 77 007 590 605, acting as agent for the director under section 205G of the Corporations Act.