Australian Foundation Investment Company updates share buy-back program

Australian Foundation Investment Company Limited (AFI) has issued an update on its daily buy-back notification, confirming progress on its ongoing on-market share buy-back facility for capital management purposes. As of September 24, 2025, the company reported a total of 10,052,367 securities bought back before the previous day, with an additional 69,670 securities bought back on September 23, 2025.

The total consideration paid for the securities bought back before the previous day amounted to AUD 73,848,787.27, while the consideration for the previous day's buy-back was AUD 499,701.11. The highest price paid on the previous day was AUD 7.18, and the lowest price was AUD 7.17. The highest price allowed to be paid by the entity on the previous day under listing rule 7.33 was AUD 7.5378.

AFI's buy-back program, managed by Morgans Financial Limited, proposes to buy back a maximum of 124,654,944 securities, representing approximately 10% of the total securities on issue in the class. The buy-back commenced on February 24, 2025, and is scheduled to conclude on February 23, 2026. Following the latest transactions, the remaining number of securities to be bought back stands at 119,364,015.