OpenLearning : Notification regarding unquoted securities - OLL

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

For personal use only

Entity name

OPENLEARNING LIMITED

Date of this announcement

Monday January 24, 2022

The +securities the subject of this notification are:

Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unlisted options exercisable at $0.093 expiring 30	6,422,908	24/01/2022
to be confirmed	September 2022.

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

1 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

OPENLEARNING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2	Registered number type	Registration number
ACN	635890390
1.3	ASX issuer code
OLL

1. The announcement is New announcement
2. Date of this announcement

24/1/2022

Notification of Issue, Conversion or Payment up of Unquoted

2 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are: Other

For personal use only

Please specify

As per appendix 3B lodged on 26 November 2021.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted

3 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

only	New +securities
ASX +security code			+Security description
	New class - code to be confirmed			Unlisted options exercisable at $0.093 expiring 30
				September 2022.
	+Security type			ISIN code
use	Options
Date the +securities the subject of this notification were issued
	24/1/2022
	Will all the +securities issued in this class rank equally in all respects from their issue date?
personal	Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
	listing rule 6.1?
	No
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued.
	https://www.asx.com.au/asxpdf/20211207/pdf/453w4t3fpnywp4.pdf
Options Details
	+Security currency	Exercise price		Expiry date
	AUD - Australian Dollar	AUD 0.09300000	30/9/2022
	Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
For	company option
Other
Description

Ordinary Shares (ASX:OLL)

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted

4 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Please see appendix 3B lodged 26 November 2021.

	Issue details
only	Number of +securities
		6,422,908
		Were the +securities issued for a cash consideration?
use	No
Please describe the consideration being provided for the +securities
Options issued as free attaching options to Placement.
Purpose of the issue
To raise additional working capital
Forpersonal

Notification of Issue, Conversion or Payment up of Unquoted

5 / 7