Online Education Services Pty Limited acquired Gradability Pty Ltd. from UCW Limited (ASX:UCW) for AUD 2.2 million on November 26, 2021. The board and shareholders of Gradability have approved the transaction. UCW will receive approximately AUD 2.2 million in return for its 25% shareholding in Gradability, comprising upfront consideration of AUD 1.9 million and deferred consideration of approximately AUD 0.3 million, subject to certain performance milestones. UCW will incur a capital loss on the disposal, with no tax payable on these receipts. Online Education Services Pty Limited completed the acquisition of Gradability Pty Ltd. from UCW Limited (ASX:UCW) on November 26, 2021.