AFIC director Craig Drummond lifts stake with $145,000-share purchase

Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has shared an announcement.

Australian Foundation Investment Company has disclosed a change in director Craig Milton Drummond’s interests in the company’s securities, in line with ASX listing rule requirements for director shareholdings and transparency. The notice records that Drummond, including in his capacity as trustee of the Craigiebern Super Fund, increased his holding through the acquisition of 145,000 ordinary shares between 23 and 26 March 2026 at prices ranging from about $6.47 to $6.68 per share, signalling a higher personal stake in the listed investment company.

The transactions, executed via Invia Custodian Pty Ltd on behalf of the Craigiebern Super Fund, lift Drummond’s total relevant interest above his previously reported 71,702 shares and underscore ongoing director alignment with shareholder interests. For investors and corporate governance watchers, the filing serves as an official update on insider ownership and may be read as a sign of confidence in Australian Foundation Investment Company’s portfolio and future performance.

The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.

More about Australian Foundation Investment Co. Ltd.

Australian Foundation Investment Company Limited is a listed investment company on the ASX that provides investors with diversified exposure to Australian equities through a managed portfolio of ordinary shares. It operates as a long-term investor in listed companies, aiming to deliver income and capital growth to its shareholders over time within the Australian sharemarket.

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Technical Sentiment Signal: Hold

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