Form 4: Resource Group International Sells IBEX Ltd Shares in Multiple Transactions

Resource Group International Ltd, a 10% owner and director of IBEX Ltd, sold shares in multiple transactions between September 24 and September 26, 2024.

Summary

• Resource Group International Ltd (TRG), a director and 10% owner of IBEX Ltd, reported the sale of IBEX Ltd common shares.
• On September 24, 2024, TRG sold 3,289 shares at a weighted average price of $20.0018.
• On September 25, 2024, TRG sold 8,834 shares at a weighted average price of $20.0086.
• On September 26, 2024, TRG sold 100 shares at $20.
• Following these transactions, TRG directly holds 5,362,891 common shares of IBEX Ltd.
• The Resource Group Pakistan (TRGP), the largest shareholder of TRG, may be deemed to beneficially own the shares held by TRG, but disclaims beneficial ownership except to the extent of its pecuniary interest.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the sale of shares by a significant shareholder, which could indicate a lack of confidence or a need for liquidity. However, the disclaimer of beneficial ownership by TRGP mitigates some of the negative sentiment.

Negatives

• The sale of shares by a major shareholder could be perceived negatively by the market.

Risks

• Continued selling pressure from TRG could negatively impact IBEX Ltd's stock price.
• The market may interpret TRG's share sales as a lack of confidence in IBEX Ltd's future prospects.

Management Comments

• TRG undertakes to provide full information regarding the shares sold at each separate price within the specified ranges upon request.

Industry Context

Sales by significant shareholders are common and are closely watched by investors for signals about the company's prospects. The impact depends on the size of the sale relative to the shareholder's total holdings and the overall market sentiment.

Stakeholder Impact

• Shareholders may react to the news of the share sales, potentially impacting the stock price.
• Employees may be concerned about the implications of a major shareholder reducing their stake.

Key Dates