Australian Foundation Investment Company Limited (ASX:AFI) announces a share repurchase program. Under the program, the company will repurchase up to 111,898,784 shares, representing 8.93% of its issued share capital. The company will repurchase its shares for capital management purposes.

The repurchase program will be valid till February 10, 2027. As of January 20, 2025, the company has 1,252,983,544 outstanding.