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Stock impact report

ibex Board of Directors Approves Share Repurchase Plan [MarketWatch]

IBEX Limited - Common Share (IBEX) 
Company Research Source: MarketWatch
WASHINGTON, Dec 08, 2021 (GLOBE NEWSWIRE via COMTEX) -- WASHINGTON, Dec. 08, 2021 (GLOBE NEWSWIRE) -- IBEX Limited (Nasdaq: IBEX) (the "Company") today announces that its board of directors has authorized the repurchase of up to US$20 million of the Company's common stock. "This announcement demonstrates our confidence in IBEX's business and underlying intrinsic value," said Bob Dechant, Chief Executive Officer at IBEX. "While we continue to focus on IBEX's reinvestment opportunities and runway for growth, we believe that recent changes in the trading values of our shares have provided us with an opportunity to enhance our long-term value per share. We will continue to purchase our shares opportunistically at times when we believe our stock price does not reflect the intrinsic value of our company." The Company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades an Show less Read more
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