BuybackMay 13, 2026, 09:02 AM
IBEX Board Authorizes $20M Share Repurchase Program
AI Summary
IBEX Limited announced that its Board of Directors has authorized a share repurchase program, allowing the company to repurchase up to $20 million of its common stock over the next 12 months. CEO Bob Dechant stated that the program reflects confidence in the company's business strength, financial position, and growth trajectory. The repurchases will be funded by existing cash and free cash flow, and will be executed through various legally permissible means.
Key Highlights
- IBEX Board of Directors authorized a share repurchase program.
- Company may repurchase up to $20 million of its common stock.
- Program duration is for the next 12 months.
- Repurchases will be funded with existing cash balance and free cash flow.
- Repurchases may occur via open market, private transactions, or block trades.
- Program reflects confidence in business strength, financial position, and growth trajectory.