IBEX Ibex Glbl

TIDMIBEX

RNS Number : 9292N

IBEX Global Solutions plc

01 November 2016

1 November 2016

IBEX Global Solutions plc

("IBEX", "Company" or "the Group")

Notice of proposed cancellation of trading on AIM

The Company notes the announcement on 21 October 2016 of the recommended cash offer by India Bidco Limited (a company wholly-owned and controlled by The Resource Group International Limited, the Company's controlling shareholder) ("India Bidco") to acquire the entire issued and to be issued ordinary share capital of IBEX not already owned by India Bidco or persons acting in concert with it (the "Offer").

The Company notes from the announcement of the Offer that, following the Offer becoming or being declared unconditional in all respects, India Bidco intends to seek to cancel the admission of IBEX Shares to trading on AIM as soon as possible thereafter (the "Cancellation").

The Company hereby gives notice to Shareholders of the proposed Cancellation which, subject to the Offer becoming or being declared unconditional in all respects and subject to India Bidco receiving valid acceptances under the Offer in respect of, and/or having otherwise acquired, such number of IBEX Shares as would, together with the IBEX Shares in which the TRGI Group is already interested, result in the TRGI Group being interested in more than 75 per cent. of the issued share capital of IBEX, will take place at least five Business Days after the Offer becomes or is declared unconditional in all respects and no earlier than 7:00 a.m. on 18 November 2016.

IBEX will provide further details of the Cancellation in due course. Capitalised terms in this announcement have the meaning given to them in the announcement of the Offer which can be found at www.ibexglobal.com.

 
 IBEX Global Solutions plc             Tel: +44 800 043 
  Robert Dechant, CEO                   4329 
  Karl Gabel, CFO 
 Liberum Capital Limited               Tel: +44 20 3100 
  Nominated Adviser and Joint Broker    2000 
  Steve Pearce 
  Richard Bootle 
  Robert Johnson 
 Cenkos Securities PLC                 Tel: +44 20 7397 
  Joint Broker                          8900 
  Liz Bowman 
  Camilla Hume 
 Alma PR Limited                       Tel: +44 7780 
  Public Relations Adviser              901 979 
  Josh Royston 
  Robyn McConnachie 
 

About IBEX

IBEX is a leading global provider of business process outsourcing services. Headquartered in Washington, DC and quoted on the London Stock Exchange (AIM: IBEX), IBEX maintains a global workforce of over 10,000 serving more than 70 leading corporations with complex, enterprise-scale outsourcing solutions. With operational presence in the United States, the Philippines, Pakistan, Senegal, and United Kingdom, IBEX delivers a multi-language and multi-cultural service capability focused on innovation and adding intellectual value.

This information is provided by RNS

The company news service from the London Stock Exchange

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