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

Australian Foundation Investment Company Limited (AFI) issued an update regarding its on-market buy-back program on September 18, 2025. The company’s ongoing buy-back facility is for capital management purposes. As of September 17, 2025, an additional 64,000 ordinary fully paid securities were bought back. This brings the total number of securities repurchased before that day to 9,779,395.

The total consideration paid for the 64,000 securities on September 17 was AUD 460,179.20. The highest price paid on that day was AUD 7.20, while the lowest price paid was AUD 7.18. The highest price allowed to be paid by the entity on the previous day under listing rule 7.33 was AUD 7.5614.

The company intends to buy back a maximum of 124,654,944 securities, with 119,642,657 securities remaining to be bought back as of the end of September 17. The buy-back commenced on February 24, 2025, and is scheduled to conclude on February 23, 2026. Morgans Financial Limited is acting as the broker for the program.