Australian Foundation Investment Company Announces On-Market Buy-Back
Key points
- Company to buy back up to 111,898,784 shares
- Buy-back period from 11/2/2026 to 10/2/2027
- Buy-back for capital management purposes
Full summary
Australian Foundation Investment Company Limited (ASX: AFI) has announced a new on-market buy-back of up to 111,898,784 of its ordinary fully paid shares, to be conducted over the period from 11/2/2026 to 10/2/2027. The buy-back is being undertaken for capital management purposes. The company currently has 1,252,983,544 ordinary fully paid shares on issue, and the maximum number of shares proposed to be bought back represents approximately 8.93% of the total shares on issue. The buy-back will be conducted through Morgans Financial Limited as the appointed broker. The buy-back does not require shareholder approval. This announcement is to refresh the company's on-market buy-back facility.
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