Australian Foundation Investment Company updates share buy-back program

Australian Foundation Investment Company Limited (AFI) has issued an update regarding its on-market share buy-back program. The announcement, dated September 11, 2025, serves as a daily buy-back notification. The company intends to refresh its on-market buy-back facility for capital management purposes. The buy-back commenced on February 24, 2025, and is scheduled to conclude on February 23, 2026.

As of the previous day, September 10, 2025, AFI bought back 69,000 ordinary fully paid shares. This brings the total number of shares bought back before the previous day to 9,443,481. The total consideration paid for shares on the previous day was AUD 499,497.90. The highest price paid on the previous day was AUD 7.25, while the lowest price paid was AUD 7.22.

The highest price allowed to be paid by AFI on the previous day under listing rule 7.33 was AUD 7.626. The company has a maximum number of 124,654,944 securities proposed to be bought back, with 119,973,571 shares remaining to be bought back as of the end of the previous day. Morgans Financial Limited is the broker facilitating the buy-back.