21st Nov 2014 10:27
21 November 2014
IBEX Global Solutions plc
("IBEX", "Company" or "the Group")
Result of AGM
IBEX Global Solutions plc (AIM: IBEX), a leading provider of contact centre services and other business process outsourcing solutions, announces that all resolutions proposed to shareholders at its Annual General Meeting, held earlier today, were duly passed.
The following Directors presented themselves for re-election at the AGM and were re-elected by the shareholders: Mr Zia Chishti (Chairman), Mr Gerard Kleisterlee, Mr Joel Wyler, Mr John Leone, Mr Mohammed Khaishgi and Mr Karl Gabel. Of the previous Directors, Mr Tim Kelly and Mr Steve Kezirian did not present themselves for re-election. The Chairman of the Board, Mr Zia Chishti, thanked Mr Kelly and Mr Kezirian for their valuable contributions as members of the Company's Board of Directors.
Due to an administrative error in the calculation of the aggregate nominal value of the shares in the Company, the authorities requested pursuant to Resolutions 10 and 11, as set out in the Notice of AGM circulated on 30 October 2014, were erroneous and significantly higher than the Directors had intended. As a result, the Directors proposed at the meeting to amend Resolution 10 to reflect their original intention by reducing the proposed authority for Directors to allot equity securities generally and pursuant to a rights issue, in each case, to an aggregate nominal value of £130,500.00, which is approximately 33% of the aggregate nominal value of the Company's shares as at 30 October 2014. All other terms of Resolution 10 remained the same and the Resolution, as amended, was duly passed by the Shareholders. Resolution 11 was withdrawn from the meeting.
For further information, please visit www.ibexglobal.com or contact:
IBEX Global Solutions plc Mohammed Khaishgi, interim CEO Karl Gabel, CFO
| Tel: +44 800 043 42399 |
Liberum Capital Limited Nominated Adviser and Joint Broker Steve Pearce Richard Bootle Joshua Hughes
| Tel: +44 20 3100 2000 |
Cenkos Securities PLC Joint Broker Liz Bowman Camilla Hume
| Tel: +44 20 7397 8900 |
Tavistock Communications Matt Ridsdale Andrew Dunn
| Tel: +44 20 7920 3150 |
About IBEX
IBEX is a leading global provider of business process outsourcing services. Headquartered in Washington, DC and listed 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.
Related Shares:
IBEX.L