IBEX Global Solutions plc Notice of cancellation of trading on AIM (1283Q)

TIDMIBEX

RNS Number : 1283Q

IBEX Global Solutions plc

25 November 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

25 November 2016

IBEX Global Solutions plc

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

Notice of cancellation of trading on AIM

Further to the announcement made by India Bidco Limited (a company wholly-owned and controlled by The Resource Group International Limited, the Company's largest shareholder) ("India Bidco") today that it owned, had acquired or received valid acceptances of the Offer in respect of, in aggregate, 36,541,027 IBEX Shares (representing approximately 92.47% per cent. of the total issued share capital of the Company), the Company has, at the request of India Bidco, applied to the London Stock Exchange for the cancellation of the admission to trading on AIM of the IBEX Shares ("Cancellation").

It is expected that Cancellation will occur at 7.00 a.m. on 2 December 2016 after which time IBEX Shares will no longer be admitted to trading on AIM.

Cancellation will significantly reduce the liquidity and marketability of any IBEX Shares in respect of which the Offer has not been accepted.

Capitalised terms in this announcement have the meaning given to them in the announcement of the Offer made on 21 October 2016, a copy of which can be found at www.ibexglobal.com.

 
 IBEX Global Solutions plc             Tel: [phone] 
  Robert Dechant, CEO                   4329 
 Liberum Capital Limited               Tel: [phone] 
  Nominated Adviser and Joint Broker    2000 
  Steve Pearce 
  Richard Bootle 
  Robert Johnson 
 Cenkos Securities PLC                 Tel: [phone] 
  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.

Further information

This announcement is for information purposes only. It is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to the Offer, this announcement or otherwise.

Liberum Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for IBEX and no one else in connection with the Offer or any matter referred to in this announcement and will not be responsible to anyone other than IBEX for providing the protections afforded to clients of Liberum Capital Limited nor for providing advice in connection with the Offer or such matters.

Copies of this announcement will not be, and must not be, directly or indirectly, mailed or otherwise distributed or sent in or into the United States, Canada, Australia, Japan, the Republic of South Africa or any other Restricted Jurisdiction and persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from such jurisdictions as doing so may violate the laws of such jurisdictions.

This contents of this announcement have been prepared for the purpose of complying with English law, the AIM Rules, the rules of the London Stock Exchange and the City Code, and the information disclosed may not be the same as that which would have been disclosed if this Announcement had been prepared in accordance with the laws of jurisdictions outside the UK.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 25, 2016 02:00 ET (07:00 GMT)