Update - Notification of buy-back - AFI
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| Stock | Australian Foundation Investment Company Ltd (AFI.ASX) |
|---|---|
| Release Time | 5 Feb 2025, 4:06 p.m. |
| Price Sensitive | Yes |
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Australian Foundation Investment Company Ltd Announces On-Market Buy-Back
Key Points
- Refreshing on-market buy-back facility for 12 months
- Updating broker name and maximum number of shares to be purchased
- Buy-back for capital management purposes
Full Summary
Australian Foundation Investment Company Ltd (AFI) has announced an update to its on-market buy-back. The company is refreshing the buy-back facility for a further 12 months, from 24 February 2025 to 23 February 2026. The update also includes changes to the broker name, with Morgans Financial Limited now appointed to offer to buy back securities on the entity's behalf, and an increase in the maximum number of securities proposed to be bought back, from 124,654,944 shares. The buy-back is being undertaken for capital management purposes.
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