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 October 7, 2025, the company bought back 82,104 ordinary fully paid shares. This brings the total number of securities bought back before that day to 10,378,521. The total consideration paid for shares on October 7 was AUD 587,642.96.

The highest price paid per share on October 7 was AUD 7.17, and the lowest was AUD 7.15. This buy-back is part of an ongoing facility, with a proposed start date of February 24, 2025, and an end date of February 23, 2026. AFI intends to buy back a maximum of 124,654,944 securities, and as of October 7, 119,025,427 securities remain to be bought back.

Morgans Financial Limited is acting as the broker for this buy-back, which is being conducted for capital management purposes. The highest price allowed to be paid on October 7 under listing rule 7.33 was AUD 7.5129.