OpenLearning to Issue 28 Million Shares and 28 Million Options at $0.01 on 11 November 2026

Aakashdeep

09 November 2026 03:33 PM AEDT

OpenLearning to Issue 28 Million Shares and 28 Million Options at $0.01 on 11 November 2026

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

OpenLearning Limited (ASX:OLL) has lodged an Appendix 3B disclosing a proposed placement of 28,000,000 ordinary fully paid shares at an issue price of AUD $0.01 per share, accompanied by 28,000,000 free attaching options, with a proposed issue date of 11 November 2026.

Key Points

28,000,000 ordinary fully paid shares to be issued at AUD $0.01 each on 11 November 2026
28,000,000 free attaching options with an exercise price of AUD $0.015 and an expiry date of 31 October 2027
The securities are being issued using the company's additional 10% placement capacity under ASX Listing Rule 7.1A
Option terms are standard and are to be set out in a Prospectus to be lodged with ASX by 10 November 2026
No lead manager, broker, or underwriter is involved, and no other material fees or costs are disclosed

Placement Share Issue Terms

According to the filing, OpenLearning Limited proposes to issue 28,000,000 ordinary fully paid shares at an issue price of AUD $0.01 per share. The shares are proposed to be issued as an existing class of securities and will rank equally in all respects from their issue date with the existing issued securities in that class. The proposed issue date is 11 November 2026. The filing states the purpose of the issue is to raise an additional $280,000 from a placement, as referenced in a separate company disclosure dated 9 November 2026. No security holder approval is being sought for the placement.

Free Attaching Options Details

The filing discloses that 28,000,000 options will be issued as free attaching securities to the placement shares. The options are a new class of securities and will not be quoted on ASX. Each option carries an exercise price of AUD $0.015 and an expiry date of 31 October 2027. If exercised, each option will convert into one ordinary fully paid OLL share. The options are being provided as free attaching securities and are not issued for a cash consideration. The company has stated that it has not received confirmation from ASX that the terms of the proposed options are appropriate and equitable under Listing Rule 6.1.

Listing Rule Capacity and Compliance

The filing discloses that the 28,000,000 shares and 28,000,000 options are both being issued without security holder approval, utilising the company's additional 10% placement capacity under ASX Listing Rule 7.1A. The filing states that no party referred to in Listing Rule 10.11 is participating in the proposed issue, and none of the securities will be restricted securities or subject to voluntary escrow. Any on-sale of the securities within 12 months of issue is stated to comply with secondary sale provisions via publication of a cleansing notice under the relevant sections of the Corporations Act.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.