Australian Foundation Investments (AFI) announced on the 21/4/2010 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 23/4/2010 on which shareholders must own the share to participate in the SPP. The closing date is 26/5/2010. Shares will be issued soon after. A maximum of $15,000 can be purchased by each shareholder at $4.90 or a 2.5% discount to the volume weighted average price (VWAP).
Discount : 5.4% Liquidity : Good Profitability : Good Stability : Good
* Note: Discount is based on the closing price on the 21 April 2010.
Tags: AFI, Australian Foundation Investment, Share Purchase Plan, SPP
