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Christina Alice Trofimuk-O’Connor, the Chief Legal Officer at IBEX Ltd (NASDAQ:IBEX), recently executed notable transactions involving the company’s common shares. On February 11, 2025, she sold 7,500 shares, generating a total value of approximately $191,325, with shares priced at $25.51 each. The transaction comes as IBEX shares trade near their 52-week high, having delivered impressive returns of over 62% in the past year and nearly 70% over the last six months.
In a related transaction on the same day, Trofimuk-O’Connor acquired 7,500 common shares through the exercise of stock options at a price of $12.75 per share. This acquisition was part of a stock option plan, and the shares were fully vested and exercisable. Following these transactions, Trofimuk-O’Connor holds 17,050 shares directly. The company maintains strong fundamentals with a P/E ratio of 11.9 and healthy liquidity metrics, according to InvestingPro, which offers 16 additional investment insights and a comprehensive analysis of IBEX’s financial health.
In other recent news, IBEX Ltd has made significant strides in its financial activities. The company recently completed a $70 million share repurchase, buying back 3,562,341 of its common shares from The Resource Group International Limited (TRGI). The transaction was structured with a $45 million cash payment and a convertible promissory note valued at $25 million. This move is a part of the company’s broader strategy to optimize its capital structure and deliver value to shareholders.
In addition to the share repurchase, IBEX Ltd has made key decisions regarding its board structure. The company’s shareholders approved to set the maximum number of directors at eight during their annual general meeting. Directors Fiona Beck, Shuja Keen, and Mohammed Khaishgi were re-elected, and Deloitte & Touche LLP was retained as the company’s independent registered accounting firm for the upcoming fiscal year.
These are recent developments that reflect the company’s confidence in its financial stability and future prospects. The completion of such transactions demonstrates IBEX Ltd’s ability to effectively manage its capital requirements and maintain standard corporate governance activities. The company’s recent financial activities are based on press release statements from SEC filings.
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