Item 5. Other Information
Item 5. Other Information
(a) Amendment to PNC Bank Revolving Credit and Security Agreement
On May 6, 2024, the Company's subsidiaries, Ibex Global Solutions, Inc., Digital Globe Services, LLC, TelSatOnline, LLC, 7 Degrees, LLC, and iSky, LLC (collectively the "Ibex US Entities") entered into the Seventeenth Amendment to the Revolving Credit and Security Agreement and Consent (the "Amendment") with PNC Bank, National Association ("PNC"). The Amendment provides PNC's consent to the assignment of certain customer contracts (the "Contract Assignments") by the Ibex US Entities to the Company's subsidiary, Ibex Global FZ-LLC, provided that (i) the contract revenues associated with such Contract Assignments, upon the effectiveness of such Contract Assignments, shall not in the aggregate be greater than $175 million and (ii) the Ibex US Entities comply with additional reporting requirements.
(c) Trading Plans
During the quarter ended March 31, 2024, the Company's directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated (including by modification) a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as such terms are defined in Item 408 of Regulation S-K, as follows:
On February 22, 2024 , Mr. Mohammed Khaishgi , the Company's Chairman of the Board , adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 300,000 shares of the Company's common stock between May 23, 2024 and February 21, 2025, subject to such shares reaching certain price points.
On February 22, 2024 , the Allibhoy Khaishgi Family Foundation, represented by its President, Mr. Mohammed Khaishgi , the Company's Chairman of the Board , adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 135,000 shares of the Company's common stock between May 23, 2024 and February 21, 2025, subject to such shares reaching certain price points.
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On March 13, 2024 , Ms. Christy O'Connor , the Company's Chief Legal Officer and Assistant Secretary , adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 10,000 shares of the Company's common stock between June 12, 2024 and February 21, 2025, subject to such shares reaching certain price points.
On March 15, 2024 , Mr. Robert Dechant , the Company's Chief Executive Officer , adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 20,000 shares of the Company's common stock between June 14, 2024 and March 14, 2025, subject to such shares reaching certain price points.
On March 15, 2024 , Mr. Paul Inson , the Company's Chief People Officer , adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 32,785 shares of the Company's common stock between June 14, 2024 and February 23, 2025, subject to such shares reaching certain price points.
On March 18, 2024 , Mr. Shuja Keen , a Director of the Company, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 10,020 shares of the Company's common stock between June 17, 2024 and February 18, 2025, subject to such shares reaching a certain price point.
On March 18, 2024 , Adia Global LLC, a limited liability company wholly owned by Mr. Shuja Keen , a Director of the Company, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 91,110 shares of the Company's common stock between June 17, 2024 and February 18, 2025, subject to such shares reaching certain price points.
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Item 6. Exhibits
EXHIBIT INDEX
Incorporated by Reference
Exhibit
Number Description of Document Form File Number Exhibit Filing
Date Filed or
Furnished
Herewith
3.1 Memorandum of Association
F-1 333-239821 3.1 07/29/2020
3.2 Amended and Restated By-laws
20-F 001-38442 1.2 10/23/2020
10.1 Seventeenth Amendment to Revolving Credit and Security Agreement and Consent d ated May 6 , 202 4 by and among Ibex Global Solutions, Inc., Digital Globe Services , LLC, TelSatOnline , LLC, 7 Degree s , LLC, iSky , LLC and PN C Bank, National Association
X
31.1 Certification by the Chief Executive Officer pursuant to Rule 13a-14(a) of the Exchange Act
X
31.2 Certification by the Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act
X
32.1 Certification of the Chief Executive Officer and the Chief Financial Officer pursuant to Rule 13a-14(b) of the Exchange Act and 18 U.S.C. Section 1350
X
101.INS Inline XBRL Instance Document X
101.SCH Inline XBRL Taxonomy Extension Schema Document X
101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document X
101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document X
101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document X
101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document X
104 Cover Page Interactive Data File (formatted in Inline XBRL and included as Exhibit 101) X
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
IBEX LIMITED
(Registrant)
Date: May 9, 2024
By: /s/ Robert Dechant
Robert Dechant
Chief Executive Officer
(Principal Executive Officer)
Date: May 9, 2024
By: /s/ Taylor Greenwald
Taylor Greenwald
Chief Financial Officer
(Principal Financial and Accounting Officer)
44
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.