Australian Foundation Investment Company updates on share buy-back program

Australian Foundation Investment Company Limited (AFI) has announced an update to its on-market buy-back program. On September 9, 2025, the company bought back 68,800 securities. The total number of securities bought back before that day was 9,374,681. The total consideration paid for the 68,800 securities was AUD 499,749.44, with prices ranging from AUD 7.26 to AUD 7.27.

The buy-back, which aims to refresh AFI's facility for capital management purposes, will continue with a proposed start date of February 24, 2025, and an end date of February 23, 2026. AFI intends to buy back a maximum of 124,654,944 securities, with 120,042,571 securities remaining to be bought back as of the end of the previous day. Morgans Financial Limited is acting as the broker for the buy-back.

The highest price paid before the previous day was AUD 7.63 on December 13, 2024, and the lowest price paid was AUD 7.10 on March 19, 2025. The highest price allowed to be paid on the previous day under listing rule 7.33 was AUD 7.637.