Ann: S/HOLDER: AFI: Share Purchase Plan

• Release Date: 21/07/14 12:42
• Summary: S/HOLDER: AFI: Share Purchase Plan
• Price Sensitive: No
• Download Document  1.77KB

					AFI
21/07/2014 12:42
S/HOLDER

REL: 1242 HRS Australian Foundation Investment Company Limited

S/HOLDER: AFI: Share Purchase Plan

The Manager
?ASX Market Announcements Australian Securities Exchange
Exchange Centre?
Level 4?20 Bridge Street
?Sydney NSW 2000

Electronic Lodgement

Dear Sir / Madam

Australian Foundation Investment Company Limited
Share Purchase Plan

Directors have decided to make an offer to shareholders under a Share
Purchase Plan (SPP) to raise additional equity for investment purposes.
Subject to other participation requirements, shareholders with a registered
address in Australia and New Zealand on the register at 7.00pm (AEST) on
Friday 18 July 2014 will be able to invest up to A$15,000 in the Company's
shares.

Shares issued under the SPP will rank equally with existing fully paid
ordinary shares. The shares issued under the SPP will be eligible for any
dividends that may be paid in respect of the financial year ending 30 June
2015.

The SPP issue price will be the lower of the Dividend Reinvestment Plan issue
price for the forthcoming final dividend or a 2.5% discount to the
volume-weighted average price of AFIC shares traded on the Australian
Securities Exchange and Chi-X Australia automated trading systems over the 5
trading days up to, and including, the day on which the SPP offer is
scheduled to close, rounded down to the nearest cent. AFIC will announce the
final issue price after the SPP offer closes.

It is proposed that details of the SPP will be mailed to shareholders on
Thursday 28 August 2014.

It is also proposed that applications will close on Thursday 25 September
2014 and shares are expected to be issued under the SPP on Monday 6 October
2014.

Yours faithfully,
Simon Pordage
End CA:00252908 For:AFI    Type:S/HOLDER   Time:2014-07-21 12:42:02