IBEX Limited has repurchased shares from The Resource Group International, Limited
Client: IBEX Limited
Client Location: IBEX Limited
Target: The Resource Group International, Limited (TRGI)
Target Location: Pakistan
Target Description: IBEX Limited (ibex) (Nasdaq:IBEX) delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology and end-to-end customer engagement solutions to help companies acquire, engage and retain valuable customers. ibex operates a global CX delivery center model consisting of 31+ operations facilities around the world, while deploying next generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.
On November 19, 2024, ibex announced that it repurchased an aggregate of 3,562,341 of its common shares beneficially owned by TRGI, which represented approximately 20% of the diluted shares outstanding. Following the repurchase, TRGI retained ownership of 1.8 million common shares of the company, and ibex will no longer be a “controlled company” within the meaning of the Nasdaq Stock Market Rules.
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