Australian Foundation Investment Company updates on share buy-back program

Australian Foundation Investment Company Limited (AFIC) has announced an update to its on-market buy-back program as of October 16, 2025. The company bought back 408,589 ordinary fully paid securities on October 15, 2025, for a total consideration of AUD 3,009,053.69. This brings the total number of securities bought back before that date to 12,680,809.

The highest price paid on October 15 was AUD 7.40, while the lowest price was AUD 7.34. The highest price allowed under listing rule 7.33 on that day was AUD 7.6691. Morgans Financial Limited is acting as the broker for the buy-back.

AFIC intends to buy back a maximum of 124,654,944 securities, with 116,396,654 remaining to be bought back as of the end of October 15. The buy-back commenced on February 24, 2025, and is scheduled to end on February 23, 2026.