TRG Pakistan Limited ne batya hai ke uski associate company, The Resource Group International Limited (TRGI), ne apni portfolio company IBEX Limited (Nasdaq: IBEX) ke sath ek definitive agreement sign kiya hai. Is agreement ke tehat IBEX ne TRGI se takreeban 3.56 million IBEX shares repurchase kiye hain.
Is transaction ki total consideration $70 million hai, jis me $45 million cash aur $25 million seller financing shamil hai. Yeh shares $19.65 per share ke purchase price par liye gaye hain, jo deal ke announcement se pehle ka last closing price aur pichle 5 din ka volume-weighted average trading price hai jo Nasdaq Global Market par IBEX ke common shares ke liye tha.
Is repurchase ke baad TRGI ke paas IBEX ke 1.8 million common shares ki ownership barqarar rahegi, aur TRGI ka IBEX ke sath shareholder agreement, jo November 2017 mein sign kiya gaya tha, ab bhi effect mein hai.
Mazid yeh ke IBEX ko yeh haq hoga ke woh TRGI ke paas baqi shares agle 4 saalon ke andar repurchase kare, agar kuch shara’it poori hoti hain.
