4//SEC Filing
Resource Group International Ltd 4
Accession 0001839882-24-040494
CIK 0001720420other
Filed
Nov 20, 7:00 PM ET
Accepted
Nov 21, 4:24 PM ET
Size
8.8 KB
Accession
0001839882-24-040494
Insider Transaction Report
Form 4
IBEX LtdIBEX
Resource Group International Ltd
Director10% Owner
Transactions
- Disposition to Issuer
Common Shares
2024-11-19$19.65/sh−3,562,341$70,000,001→ 1,731,574 total - Award
Convertible Promissory Note
2024-11-19+1,908,397→ 1,908,397 totalFrom: 2025-11-19→ Common Shares
Footnotes (2)
- [F1]On November 19, 2024, Ibex Limited (the "Issuer") repurchased an aggregate of 3,562,341 of the Issuer's common shares ("Issuer Shares") beneficially owned by The Resource Group International Limited ("TRGI") in a transaction (the "Repurchase") exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16b-3 thereunder.
- [F2]The Issuer paid a portion of the consideration for the Repurchase in the form of a convertible promissory note issued to TRGI (the "Note") that was exempt from Section 16 of the Exchange Act pursuant to Rule 16b-3. The Note has no fixed maturity date and may be prepaid by the Issuer at any time without penalty. TRGI may elect to convert all of the then unpaid principal and accrued but unpaid interest under the Note (the "Conversion Amount"), in whole but not in part, into Issuer Shares at any time during the 15 days following November 18, 2025 and during the 15 days following each six month anniversary of November 18, 2025. The number of Issuer Shares to be issued upon conversion is equal to the Conversion Amount divided by a price equal to the volume weighted average trading price of an Issuer Share during the thirty trading days immediately prior to the date of such conversion, provided such price shall in no event be less than $13.10 or more than $19.65.
Issuer
IBEX Ltd
CIK 0001720420
Entity typeother
IncorporatedBermuda
Related Parties
1- filerCIK 0001845874
Filing Metadata
- Form type
- 4
- Filed
- Nov 20, 7:00 PM ET
- Accepted
- Nov 21, 4:24 PM ET
- Size
- 8.8 KB