Australian Foundation Investment Company updates on share buy-back

Australian Foundation Investment Company Limited (AFI) announced an update to its on-market buy-back program, with a notification date of October 14, 2025. The company had bought back 11,847,504 securities before the previous day and an additional 517,696 securities on the previous day, October 13, 2025. The total consideration paid for these securities before the previous day amounted to AUD 86,856,075.38, with an additional AUD 3,813,659.35 paid on the previous day.

The highest price paid before the previous day was AUD 7.63 on December 13, 2024, while the lowest price was AUD 7.10 on March 19, 2025. On the previous day, the highest price paid was AUD 7.40 and the lowest was AUD 7.27. The highest price allowed under listing rule 7.33 on the previous day was AUD 7.5787.

The company's buy-back facility is for capital management purposes. It intends to buy back a maximum of 124,654,944 securities, with 117,120,852 securities remaining to be bought back as of the end of the previous day. 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 buy-back.