IBEX Ltd 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Our common shares began trading on the Nasdaq Global Market under the symbol “IBEX” on August 7, 2020. As of September 1, 2023, the sale price for the Company’s common shares, as reported by the Nasdaq, was $19.62 per share. 41 Table of Contents As of September 1, 2023, we had 147 holders of record of our common shares. Dividend Distribution Policy We currently do not plan to declare dividends on our common shares in the foreseeable future. We currently intend to retain all of our future earnings, if any, to finance the growth and development of our business. The payment of dividends, if any, would be at the discretion of our board of directors and would depend on our results of operations, capital requirements, financial condition, prospects, contractual arrangements, any limitations on payment of dividends present in our current and future debt agreements and other factors that our board of directors may deem relevant. Purchases of Equity Securities By The Issuer And Affiliated Purchasers On December 8, 2021, we announced that our board of directors had authorized the repurchase of up to $20 million of our common shares. The repurchase authorization expired as of December 8, 2022. All repurchases under this program were funded with our existing cash balance. A total of 245,447 shares of our common shares were repurchased, at an average price paid per share of $15. Under this program, repurchases were authorized to be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on the market conditions and in accordance with applicable rules and regulations. The actual timing, number, and dollar amount of repurchase transactions was determined by management at its discretion and was dependent on multiple factors including, but not limited to, the market price of our common shares, general market and economic conditions, and compliance with Rule 10b-18 and/or Rule 10b5-1 under the Exchange Act. The repurchase program did not obligate us to acquire any particular amount of common shares. Recent Sale of Unregistered Securities and Use of Proceeds None. Stock Performance Graph This performance graph shall not be deemed "soliciting material" or to be "filed" with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act. The following graph shows a comparison of the cumulative total return for our common shares, the Standard & Poor’s (“S&P”) 500 Index, and the S&P IT Consulting and Other Services Index. The graph assumes that $100 was invested at the market close on August 7, 2020, the date our common shares began trading on the Nasdaq, in our common shares, the S&P 500 Index, and the S&P IT Consulting and Other Services Index. The stock price performance of the following graph is not necessarily indicative of future stock price performance. 42 Table of Contents August 7, June 30, 2020 2021 2022 2023 Ibex Limited $100 $127 $110 $138 S&P 500 Index $100 $130 $116 $139 S&P IT Consulting and Other Services Index $100 $124 $114 $119 ITEM 6. [RESERVED]