IBEX Ltd
For the period ended Jan 9, 2025. Filed Jan 13, 2025.
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Jan 9, 2025 · Filed Jan 13, 2025
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Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
|---|---|---|
| Common shares, par value of $0.0001 | IBEX | Nasdaq Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 7.01. Regulation FD Disclosure.
As previously disclosed, on November 19, 2024 (the “Closing Date”), IBEX Limited (the “Company”) entered into a purchase agreement with The Resource Group International Limited, an exempted company incorporated in Bermuda (“TRGI”), pursuant to which the Company purchased from TRGI 3,562,341 issued and outstanding common shares, par value $0.0001 per share, of the Company, for an aggregate price of $70 million, of which $45 million was paid in cash and $25 million was paid in the form of a convertible promissory note (the “Seller Note”), issued by the Company to TRGI on the Closing Date.
On January 9, 2025, Company paid in full the Seller Note using proceeds from its lines of credit with HSBC Bank USA, National Association, and HSBC Bank Middle East Limited, and the Seller Note was terminated pursuant to its terms.
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