BuybackMay 13, 2026, 05:26 PM
IBEX Ltd Announces $20M Share Repurchase Program
AI Summary
IBEX Ltd's Board of Directors authorized a share repurchase program for up to $20 million of its common stock over a one-year period, commencing May 14, 2026. The company expects to fund the repurchases using its existing cash balance and free cash flow. This program reflects management's confidence in the business and its commitment to driving shareholder value.
Key Highlights
- IBEX Ltd's Board authorized a Share Repurchase Plan on May 11, 2026.
- Company may repurchase up to US$20 million of its common stock.
- The repurchase program commences on May 14, 2026.
- The program is authorized for a period of one year.
- Repurchases will be funded by existing cash balance and free cash flow.
- Transactions may occur through open market, private, or block trades.
Price Impact
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