1 unchanged sentence
Our common shares began trading on the Nasdaq Global Market under the symbol “IBEX” on August 7, 2020.
−Removed: As of September 1, 2023, the sale price for the Company’s common shares, as reported by the Nasdaq, was $19.62 per share.
−Removed: As of September 1, 2023, we had 147 holders of record of our common shares.
+Added: As of August 30, 2024, the sale price for the Company’s common shares, as reported by the Nasdaq, was $17.24 per share.
+Added: As of August 30, 2024, we had 139 holders of record of our common shares.
Dividend Distribution Policy
1 unchanged sentence
We currently intend to retain all of our future earnings, if any, to finance the growth and development of our business.
−Removed: 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.
+Added: The payment of dividends, if any, would be at the discretion of our Board and would depend on our results of operations, capital requirements, financial condition, prospects, contractual arrangements, any limitations on
+Added: payment of dividends present in our current and future debt agreements and other factors that our Board may deem relevant.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: On December 8, 2021, we announced that our board of directors had authorized the repurchase of up to $20 million of our common shares.
−Removed: The repurchase authorization expired as of December 8, 2022.
−Removed: All repurchases under this program were funded with our existing cash balance.
−Removed: A total of 245,447 shares of our common shares were repurchased, at an average price paid per share of $15.
−Removed: 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.
−Removed: 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.
−Removed: The repurchase program did not obligate us to acquire any particular amount of common shares.
+Added: The Board may authorize share repurchases of the Company’s common shares.
+Added: Purchases made pursuant to these authorizations may be carried out through open market or privately negotiated transactions, including block transactions and Rule 10b5-1 trading plans, depending on market conditions and in accordance with applicable rules and regulations, at times and in such amounts as the Company deems appropriate.
+Added: The actual timing, number, and dollar amount of repurchase transactions will be determined by management at its discretion and will depend on a number of factors including, but not limited to, the market price of the Company’s common shares, general market and economic conditions, and compliance with Rule 10b-18 and/or Rule 10b5-1 under the Exchange Act.
+Added: The Board will review the repurchase program periodically and may authorize adjustment of its terms and size, suspend or discontinue the program.
+Added: The Company has and expects to fund future repurchases with its existing cash balance.
+Added: The share repurchase program does not obligate the Company to acquire any particular amount of common shares.
+Added: On May 1, 2024, the Board authorized $30 million in share repurchases during the next twelve months (the "2024 Share Repurchase Program”).
+Added: The following table provides information related to our purchases of our common shares during the three months ended June 30, 2024:
+Added: Period Total Number of Shares Purchased Average Price Paid per Share 1 Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares That May Yet Be Purchased Under 2024 Share Repurchase Program
+Added: April 1 - 30, 2024 — $ — — $ —
+Added: May 1 - 31, 2024 50,000 $ 15.55 50,000 $ 29,223
+Added: June 1 - 30, 2024 147,229 $ 15.97 147,229 $ 26,871
+Added: Total 197,229 $ 15.86 197,229 $ 26,871
+Added: Refer to Note 14.
+Added: “Stockholders’ Equity”, included in Item 8.
+Added: “Financial Statements and Supplementary Data” for more information on our share repurchases and further information on our share repurchase programs.
Recent Sale of Unregistered Securities and Use of Proceeds
Stock Performance Graph
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: The stock price performance of the following graph is not necessarily indicative of future stock price performance.
−Removed: August 7, June 30,
−Removed: 2020 2021 2022 2023
−Removed: Ibex Limited $100 $127 $110 $138
−Removed: S&P 500 Index $100 $130 $116 $139
−Removed: S&P IT Consulting and Other Services Index $100 $124 $114 $119
+Added: We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.
+Added: 1 The Average Price Paid per Share excludes broker commissions.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.