Ibex chief people officer Inson sells shares worth $48,903

Inson Paul Joseph, Chief People Officer at IBEX Ltd (NASDAQ:IBEX), a company currently valued at $324 million with a strong financial health score of GREAT according to InvestingPro, recently sold 1,956 common shares of the company. The shares were sold at a weighted average price of $25.0019 per share, resulting in a total transaction value of approximately $48,903. Following this sale, Inson now holds 5,255 shares directly.

The transaction was executed as part of a pre-arranged trading plan, as indicated by the 10b5-1 plan disclosure. According to the filing, the sale was executed in multiple trades, with prices ranging from $25.00 to $25.03. The reported price reflects the weighted average sales price.

In other recent news, IBEX Ltd has been making significant strides in its operations. The company recently completed a substantial share repurchase worth $70 million, effectively reducing the number of shares outstanding. This move reflects IBEX Ltd’s confidence in its financial stability and future prospects, as well as its ability to manage its capital requirements effectively.

In addition, the company’s annual general meeting led to the approval of several key proposals, including setting the board of directors’ size, electing directors, and appointing the company’s auditor for the upcoming fiscal year. These decisions reflect the active involvement of shareholders in the company’s governance.

Furthermore, IBEX Ltd has reported a record revenue of $129.7 million for the first quarter of the fiscal year 2025, marking a 4.1% increase from the previous year. The company’s earnings call revealed an uptick in adjusted EBITDA to $15.6 million and a 30% rise in adjusted EPS to $0.52. Based on these results, IBEX has raised its full-year revenue guidance to between $515 million and $525 million.

These recent developments highlight IBEX Ltd’s proactive approach to capital management, corporate governance, and financial growth. As always, investors are advised to consider these updates in the context of their investment strategies.

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