Saturday, 30 March 2024

Announcement

ALLOT: AFI: Unsecured Convertible Notes Maturity & Appendix 3B

28 Feb 2017 12:42NZX
Australian Foundation Investment Company Limited
AFIC Notes Matured 28 February 2017
Appendix 3B - Conversion of Convertible Notes

The Company wishes to remind the market that the Company''s Unsecured
Convertible Notes (AFIC Notes) have today matured and, depending on holders''
elections, have been either repaid for cash at their face value of $100 per
note or converted into ordinary shares on the basis of 19.66 AFIC shares for
every AFIC note. Payment details and funds are being distributed to holders
today, and holding statements for shares received upon conversion will be
distributed shortly.

Trading of the notes on the ASX ceased at the close of business on 22
February 2017 and 1,853,436 AFIC Notes are now cancelled, quotation will also
cease from 1 March 2017.

Following conversion of 1,746,215 notes, the Company now has 1,176,079,463
ordinary shares on issue.

Attached is an Appendix 3B in relation to the conversion of Unsecured
Convertible Notes.

Yours faithfully

Matthew Rowe
Company Secretary
End CA:00297560 For:AFI    Type:ALLOT      Time:2017-02-28 12:42:14
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Australian Foundation
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