The Board of Directors of Australian Foundation Investment Co. Ltd. (ASX:AFI) announces a share repurchase program. Under the program, the company will repurchase up to 122,603,132 shares.

The company will use cash to repurchase. The repurchase program will be valid till March 8, 2024. As of February 14, 2023, the company has 1,235,624,858 outstanding.