MPS Ltd Acquires Additional 17.50% Stake in Liberate Learning & App-eLearn, Increasing Shareholding to 82.50%

MPS Interactive Systems Limited, a subsidiary of MPS Ltd, has acquired an additional stake in Liberate Learning Pty Ltd and App-eLearn Pty Ltd, two entities of Liberate Group. This acquisition increases MPSi's shareholding from 65.00% to 82.50%. The acquisition is in line with MPSi’s strategic objective to further strengthen its presence in the fast-growing corporate learning market, particularly in the APAC region. The Liberate Group, known for its innovative business model and high-performing team, offers a gamut of services spanning the learning spectrum and caters to specific industry sectors through a consultative sales approach. The acquisition is in compliance with the provisions of the Foreign Exchange Management Act, 1999, and other regulations. MPSi had acquired an additional 17.50% of the issued and paid-up share capital of Liberate Learning Pty Ltd and App-eLearn Pty Ltd. The acquisition of the remaining 17.50% stake in these two entities and the 35% shareholding in Liberate eLearning Pty Ltd is proposed to be completed in the near term.