Australia's Janison Education jumps most in 7 months on deal extension with ESA

Janison Education

14/06/2023 03:33

** Shares of Janison Education Group  JAN.AX  jump as much
as 14.7% to A$0.430, posting their biggest intraday pct gain
since Nov 14, 2022
    ** The edutech firm says it has extended its agreement with
Education Services Australia (ESA) to provide the platform
powering NAPLAN Online nationally across Australia
    ** NAPLAN Online is a computer-based assessment used to
measure the literacy and numeracy skills of Australian students
of 3, 5, 7, and 9 age groups 
    ** Co says new agreement has an initial term of three years
plus three additional optional years, valuing the deal at over
A$24 mln ($16.26 mln) for the full six-year term
    ** Shares hit their highest level since May 16
    ** JAN stock down 33% YTD, as of last close 

     ($1 = 1.4760 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))