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OpenLearning Ltd. ( (AU:OLL) ) has provided an update.
OpenLearning Limited announced the issuance of 133,334 fully paid ordinary shares following the exercise of performance rights granted to its Managing Director, Adam Brimo. This move aligns with shareholder approvals from the 2024 Annual General Meeting. Additionally, the company is in discussions with Education Australia Limited regarding a debt-to-equity conversion for a $3 million facility, with $0.4 million already drawn. This strategic financial maneuvering could impact the company’s capital structure and stakeholder interests.
More about OpenLearning Ltd.
OpenLearning Limited is an AI-powered learning management system that offers a comprehensive suite of tools for online learning, course creation, and delivery. It serves educational institutions, corporations, and governments, partnering with over 250 leading education providers to deliver thousands of courses to more than 3 million learners. The company has a strong presence in the Australian and Malaysian higher education sectors and is expanding in the Philippines, Indonesia, and India.
Average Trading Volume: 333,533
Technical Sentiment Signal: Buy
Current Market Cap: A$7.24M
See more insights into OLL stock on TipRanks’ Stock Analysis page.
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