Australian Foundation Investment Company reduces shares through buy-back

Australian Foundation Investment Company Limited (AFI) has ceased 818,030 ordinary fully paid securities due to an on-market buy-back. The cessation, effective October 1, 2025, reflects the company's capital management strategy, resulting in a total consideration paid of A$5,876,986.21. These shares were acquired through the company's on-market buy-back program between September 10, 2025, and September 25, 2025.

Following the cessation, the total number of ordinary fully paid securities on issue for AFI stands at 1,260,952,711. The company has confirmed this as a new announcement.

The move indicates AFI's ongoing efforts to manage its share capital, potentially aiming to enhance shareholder value through the reduction of outstanding shares. This announcement provides investors with an updated view of the company's issued capital structure following the recent buy-back activity.