AFI
07/10/2015 11:41
SPP
PRICE SENSITIVE
REL: 1141 HRS Australian Foundation Investment Company Limited
SPP: AFI: Share Purchase Plan
7 October 2015
The Manager
ASX Market Announcements
Australian Securities Exchange
Exchange Centre
Level 4
20 Bridge Street
Sydney NSW 2000
Electronic Lodgement
Australian Foundation Investment Company Limited
Share Purchase Plan
Dear Sir / Madam
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 (AEDT) on
Tuesday 6 October 2015 will be able to invest up to A$15,000 in the Company's
shares.
The SPP issue price will be at a 5.0% 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. The number of shares issued to shareholders will be determined
by dividing the value of the shares applied for by the issue price. If this
calculation produces a fractional number, the number of shares issued will be
rounded up to the nearest whole share.
Shares allotted under the SPP will not be entitled to the next interim
dividend but will rank equally with existing fully paid shares after the
payment of this interim dividend.
It is proposed that details of the SPP will be mailed to shareholders on
Friday 16 October 2015. It is also proposed that applications will close on
Monday 16 November 2015 and shares are expected to be issued under the SPP on
Wednesday 25 November 2015.
Yours faithfully,
Simon Pordage
Company Secretary
End CA:00271389 For:AFI Type:SPP Time:2015-10-07 11:41:47
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