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

Australian Foundation Investment Company (AFI) has announced an update to its on-market buy-back, with the latest notification dated September 29, 2025. This update follows a previous announcement on September 26, 2025, and the initial buy-back notification was issued on February 12, 2024. The company's buy-back program involves its ordinary fully paid shares.

Prior to the previous day's activity, AFI had bought back 10,261,511 securities. On the previous day (September 26, 2025), an additional 47,310 securities were bought back, bringing the total consideration paid on that day to A$338,862.61. The highest price paid on the previous day was A$7.18, and the lowest was A$7.16.

The company plans to refresh its on-market buy-back facility for capital management purposes. The proposed buy-back is scheduled to start on February 24, 2025, and conclude on February 23, 2026. With a maximum of 124,654,944 securities proposed to be bought back, the remaining number of securities to be acquired as of the end of the previous day stands at 119,177,231. Morgans Financial Limited will act as the broker for the buy-back.