IBEX Technologies Announces Renewal of Normal Course Issuer Bid

MONTREAL, July 17, 2023 (GLOBE NEWSWIRE) -- IBEX Technologies Inc. (“IBEX” or the “Company”) (TSX Venture: IBT) today announced that the TSX Venture Exchange (“TSXV”) has conditionally approved the renewal of IBEX’s normal course issuer bid (“NCIB”). Under the renewed NCIB, IBEX may purchase for cancellation a maximum of 1,500,000 common shares, representing approximately 9.9% of the 15,163,667 shares forming IBEX’s public float. The shares may be purchased through the facilities of the TSXV. The renewed NCIB will commence on August 5, 2023 and end on the earlier of August 4, 2024 and the date on which IBEX completes the purchase of the maximum number of 1,500,000 common shares pursuant to the NCIB. As of July 14, 2023, IBEX had 24,758,644 common shares issued and outstanding.

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