Australian Foundation Investment Company continues share buy-back program

Australian Foundation Investment Company Limited (AFI) announced an update to its on-market share buy-back program on November 4, 2025. As of the previous day, November 3, 2025, the company bought back 304,995 ordinary fully paid securities. This brings the total number of securities bought back before the previous day to 16,930,936. The consideration paid for the previous day's buy-back was AUD 2,253,638.55, with the highest price paid being AUD 7.40 and the lowest price paid being AUD 7.37.

The company's buy-back facility, intended for capital management purposes, commenced on February 24, 2025, and is scheduled to conclude on February 23, 2026. AFI has a maximum proposed buy-back of 124,654,944 securities. Following the latest transactions, 112,250,121 securities remain to be bought back under this disclosed intention.

Morgans Financial Limited is acting as the broker for these transactions, which involve a cash consideration. The highest price allowed to be paid by AFI on the previous day under listing rule 7.33 was AUD 7.7468.