MPS Interactive Systems Limited acquired the remaining stake in Liberate Learning Pty Ltd and App-eLearn Pty Ltd, increasing its shareholding from 82.50% to 100%, and in Liberate eLearning Pty Ltd, increasing its shareholding from 65% to 100%.
MPSLTD · price
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MPS Interactive Systems Limited, a subsidiary of MPS Limited, has bought out the remaining stakes in three Australian companies. In Liberate Learning Pty Ltd and App-eLearn Pty Ltd, its holding rose from 82.50% to 100%. In Liberate eLearning Pty Ltd, the stake increased from 65% to 100%. This makes all three entities wholly-owned subsidiaries, consolidating MPS's control over its eLearning business in Australia. The buyout removes minority shareholders and simplifies the group structure going forward.
Positive signal of MPS consolidating its overseas eLearning operations, which could improve decision-making and profit accretion since 100% of future earnings from these units will flow to MPS. No open offer obligation is triggered as the acquisitions are by a subsidiary, not the listed entity directly.