OPENLEARNING LIMITED — Share Issue/Capital Change 2021

Dec 12, 2021

Notification of cessation of +securities

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Announcement Summary

Entity name

OPENLEARNING LIMITED

Announcement Type

New announcement

Date of this announcement

Monday December 13, 2021

Details of +securities that have ceased

		Number of
ASX +security		+securities that	The +securities have	Date of
code	Security description	have ceased	ceased due to	cessation
OLLAAF	OPTION EXPIRING	2,583,089	Expiry of option or other	09/12/2021
	09-DEC-2021 RESTRICTED		convertible security without
			exercise or conversion
OLLAAI	OPTION EXPIRING	25,104,387	Expiry of option or other	09/12/2021
	09-DEC-2021 EX $0.20		convertible security without
			exercise or conversion

Refer to next page for full details of the announcement

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 1 - Announcement Details

1.1 Name of +Entity

OPENLEARNING LIMITED

We (the entity named above) provide the following information about our issued capital.

1.2 Registered Number Type

ACN

Registration Number 635890390

1.3 ASX issuer code

OLL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

13/12/2021

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 2 - Details of +equity securities or +debt securities that have ceased

ASX +Security Code and Description

OLLAAF : OPTION EXPIRING 09-DEC-2021 RESTRICTED

Unquoted +equity securities that have ceased

Number of securities that have ceased

2,583,089

Reason for cessation

Expiry of option or other convertible security without exercise or conversion

Date of cessation Is the entity paying any consideration for the cessation? No 9/12/2021

Any other information the entity wishes to notify to ASX about the cessation?

ASX +Security Code and Description

OLLAAI : OPTION EXPIRING 09-DEC-2021 EX $0.20

Unquoted +equity securities that have ceased

Number of securities that have ceased

25,104,387

Reason for cessation

Expiry of option or other convertible security without exercise or conversion

Date of cessation Is the entity paying any consideration for the cessation? No 9/12/2021

Any other information the entity wishes to notify to ASX about the cessation?

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 3 - Issued capital following changes

Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:

3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)	3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
OLL : ORDINARY FULLY PAID	174,255,246
OLLNA : ORDINARY FULLY PAID DEFERRED	32,893,050
3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
OLLAA : ORDINARY FULLY PAID RESTRICTED	23,103,054
OLLAAL : PERFORMANCE RIGHTS	950,000
OLLN : ORDINARY FULLY PAID DEFERRED	32,893,053
OLLAAJ : PERFORMANCE RIGHTS RESTRICTED	1,375,000
OLLAAF : OPTION EXPIRING 09-DEC-2021 RESTRICTED	0
OLLAAG : OPTION EXPIRING 09-DEC-2022 RESTRICTED	5,000,000
OLLAAH : OPTION EXPIRING 09-DEC-2022 RESTRICTED	2,793,333
OLLAAI : OPTION EXPIRING 09-DEC-2021 EX $0.20	0
OLLAAM : OPTION EXPIRING 27-APR-2025 EX $0.30	1,000,000
OLLAAN : OPTION EXPIRING 31-AUG-2024 EX $0.30	250,000

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.

Notification of cessation of +securities

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