Item 5.07 Submission of Matters to a Vote of Security Holders The 2024 annual general meeting of shareholders of Ibex Limited (the "Company") was held on December 5, 2024. The proposals identified herein were previously disclosed in the Company's Proxy Statement filed with the Securities Exchange Commission on October 28, 2024. Proposal 1: Set the Number of Directors The Company's shareholders approved Proposal 1 to set the number of directors of the Company at a maximum of eight directors. The table below indicates the voting results: For Against Abstain Broker Non-Votes 14,255,011 20,629 0 0 Proposal 2: Election of Directors The Company's shareholders elected each of the nominees for director named in the Proxy Statement, each to hold office until the earlier of the next annual general meeting of the Company or their resignation or removal in accordance with the Company's bye-laws. The table below indicates the voting results: Nominee For Against Abstain Broker Non-Votes Fiona Beck 12,696,211 560,143 0 1,019,286 Shuja Keen 9,049,304 4,207,050 0 1,019,286 Mohammed Khaishgi 8,121,775 5,134,579 0 1,019,286 Proposal 3: Auditor Appointment and Remuneration The Company's shareholders approved the appointment of Deloitte & Touche LLP as the Company's auditor and independent registered accounting firm and authorized the Audit Committee, acting on behalf of the Board of Directors, to fix the remuneration of Deloitte & Touche LLP for the fiscal year ended June 30, 2025. The table below indicates the voting results: For Against Abstain Broker Non-Votes 14,272,942 2,697 1 0Attachments Original document Permalink Disclaimer aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); Ibex Ltd. published this content on December 06, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 06, 2024 at 11:02:02.896.
I believe the 20% share price increase since Q4 FY2024 earnings reflects investors' confidence in Ibex's strong fundamentals and recent share buybacks, following a long-term decline since early 2023. Despite recent revenue declines in fintech and telecommunications, I favor the company's focus on higher margin offshore operations, which have improved significantly its profitability margins. Ibex's high client concentration, with its top five clients contributing to 36% of revenue, represents a risk if any major contracts are not renewed.
IBEX Limited (NASDAQ:IBEX ) Q4 2024 Earnings Conference Call September 12, 2024 4:30 PM ET Company Participants Michael Darwal - Head of Investor Relations Robert Dechant - Chief Executive Officer Taylor Greenwald - Chief Financial Officer Conference Call Participants David Koning - Baird Operator Welcome to the IBEX Fourth Quarter Full-Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
| Financial Services Industry | Financials Sector | Robert T. Dechant CEO | XSTU Exchange | BMG4690M1010 ISIN |
| US Country | 36,000 Employees | - Last Dividend | - Last Split | 7 Aug 2020 IPO Date |
IBEX Limited is a key player in the realm of technology-enabled customer lifecycle experience solutions, serving a diverse international clientele including the United States. The company has specialized in providing a wide array of customer service solutions through innovative technology integration. Notably, it underwent a rebranding phase, changing its name from IBEX Holdings Limited to IBEX Limited in September 2019, a strategic move that underscores its evolving business model and expanding service offering. Founded in 2017 and headquartered in Washington, District of Columbia, IBEX Limited operates as a subsidiary of The Resource Group International Limited. The company has made significant strides in the industry by establishing itself across various sectors such as banking and financial services, delivery and logistics, health tech and wellness, high tech, retail and e-commerce, streaming and entertainment, travel and hospitality, and utilities, proving its mettle in delivering comprehensive customer engagement and acquisition services.
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