Australian Foundation Investment Company updates on-market share buy-back

Australian Foundation Investment Company Limited (AFI) announced an update to its on-market share buy-back program on September 16, 2025. This notification served to refresh the company's buy-back facility for capital management purposes. The buy-back, which commenced on February 12, 2024, saw 58,428 securities bought back on September 15, 2025, with a total consideration of AUD 421,552.18.

Before the previous day, the company had already bought back 9,651,617 securities. The highest price paid on the previous day was AUD 7.23, and the lowest was AUD 7.20. The highest price allowed to be paid by AFI on the previous day under listing rule 7.33 was AUD 7.588. Morgans Financial Limited is the broker facilitating the buy-back.

AFI has an intention to buy back a maximum of 124,654,944 securities. As of the end of the previous day, 119,776,007 securities remain to be bought back. The current proposed buy-back is scheduled to run from February 24, 2025, until February 23, 2026.