Edufocal Limited (LEARN) To Consider Rights Issue  

• Edufocal Limited (LEARN) has announced that the Company’s Board of Directors met on October 19, 2023.
• The meeting was adjourned so that deliberations may continue on the possibility of a renounceable rights issue, to be considered on October 27, 2023, when the meeting continues.
• The Board also advised that it will consider whether or not it should recommend a stock split to the company’s shareholders at the Board meeting on October 27, 2023.
• Since the announcement last week, the stock has rallied more than 85% to close out Monday’s trading session at $2.49.

(Source: JSE)