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OpenLearning Addresses Oversight in Share Purchase Disclosure

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OpenLearning Addresses Oversight in Share Purchase Disclosure

Elevate Your Investing Strategy:

OpenLearning Ltd. ( (AU:OLL) ) has issued an update.

OpenLearning Limited announced a change in the indirect interests held by Non-Executive Director Rupesh Singh, following an on-market purchase of shares through his superfund. The company acknowledged an administrative oversight in notifying prior on-market purchases, which were discovered during the preparation of the Appendix 3Y for June trades. OpenLearning assured stakeholders that this was an isolated incident and plans to re-brief all directors on their disclosure obligations to prevent future occurrences.

More about OpenLearning Ltd.

OpenLearning is an Artificial Intelligence (AI) powered SaaS platform focused on lifelong learning. The platform supports education providers in managing online learning, utilizing Generative AI for course design, content authoring, and education delivery. OpenLearning partners with over 220 education providers, delivering courses to more than 3.5 million learners, with a strong presence in the Australian and Malaysian higher education sectors, and expanding in Indonesia and India.

Average Trading Volume: 248,323

Technical Sentiment Signal: Sell

Current Market Cap: A$6.76M

For a thorough assessment of OLL stock, go to TipRanks’ Stock Analysis page.

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