Australian Foundation Investment Buys Back Over 400,000 Ordinary Shares for AU$2.9 Million

MT Newswires Live

03/25

Australian Foundation Investment (ASX:AFI, NZE:AFI) repurchased 400,400 fully paid ordinary shares for nearly AU$2.9 million in an on-market buyback, according to a Tuesday filing with the Australian and New Zealand bourses.

The investment company proposes to buy back nearly 124.7 million shares under the program.

The company's shares were up almost 2% in recent Tuesday trade in New Zealand.

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