AFI continues on-market share buy-back program

Australian Foundation Investment Company (AFI) has provided an update on its ongoing on-market share buy-back program. On March 25, 2025, the company bought back 330,000 of its ordinary fully paid securities (ASX: AFI). This brings the total number of securities bought back before that day to 8,535,355. The total consideration paid for the shares bought back on March 25 was AUD 2,396,625.00, with the highest price paid being AUD 7.30 and the lowest at AUD 7.22. The highest price allowed to be paid by AFI on the previous day under listing rule 7.33 was AUD 7.5377. AFI intends to buy back a maximum of 124,654,944 securities under this program, with 120,620,697 shares remaining to be bought back. The buy-back program is managed by Morgans Financial Limited and is scheduled to conclude on February 23, 2026.