PineBridge GEM II Amends IBEX Ltd Filing

TL;DR

PineBridge GEM II updated its 13D filing for IBEX Ltd, adding new group members.

AI Summary

PineBridge GEM II G.P., L.P. filed an amendment (No. 2) to its Schedule 13D on October 4, 2024, regarding its holdings in IBEX Limited. The filing indicates a change in the group members, including John Leone, Kevin Clowe, and Pierre Mellinger, in addition to PineBridge Global Emerging Markets Partners II, L.P. The filing does not disclose specific dollar amounts or the exact percentage of shares held.

Why It Matters

This amendment signals a potential shift in the ownership structure or investment strategy concerning IBEX Limited by a significant investment entity.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate shifts in control or strategy, requiring investor attention.

Key Players & Entities

• PineBridge GEM II G.P., L.P. (company) — Filing entity
• IBEX Limited (company) — Subject company
• John Leone (person) — Group member
• Kevin Clowe (person) — Group member
• Pierre Mellinger (person) — Group member
• PineBridge Global Emerging Markets Partners II, L.P. (company) — Group member
• William Corson (person) — Authorized contact

FAQ

Key Financial Figures

• $0.0001 — e of Issuer) Common Shares, par value $0.0001 (Title of Class of Securities) G4690

Filing Documents

• ef20036731_sc13da.htm (SC 13D/A) — 163KB
• ef20036731_ex7.htm (EX-99.7) — 20KB
• ef20036731_ex8.htm (EX-99.8) — 10KB
• 0001140361-24-042918.txt ( ) — 195KB

of the Schedule 13D is hereby amended and supplemented as follows

Item 1 of the Schedule 13D is hereby amended and supplemented as follows: This Amendment No. 2 to Schedule 13D ("Amendment No. 2") is being filed by the undersigned, pursuant to 240.13d-2(a), to amend and supplement the Schedule 13D filed with the U.S. Securities and Exchange Commission (the "SEC") on January 5, 2022, as amended by Amendment No. 1 filed with the SEC on September 17, 2024 (collectively, the "Schedule 13D"), with respect to the common shares, $0.0001 par value (the "Common Shares"), of IBEX Limited (the "Issuer"), whose principal executive offices are located at 1717 Pennsylvania Avenue NW, Suite 825, Washington, DC 20006. Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined in this Amendment No. 2 shall have the meanings given to them in the Schedule 13D. Item 5. Interest in Securities of the Issuer

(a) - (c) of the Schedule 13D is hereby amended and supplemented as follows

Item 5(a) - (c) of the Schedule 13D is hereby amended and supplemented as follows: (a) GEM II is the record owner of 1,774,739 Common Shares. As the sole director of PineBridge GEM II GP Ltd., which is the sole general partner of GEM II, GEM II GP may be deemed to beneficially own the Common Shares directly owned by GEM II. As members of the Investment Committee, each of the Investment Committee Members may be deemed to beneficially own the Common Shares directly owned by GEM II. PineBridge GEM II G.P., Co., a Cayman Islands company, is the sole general partner of GEM II GP. PineBridge GEM II G.P., Co. is a wholly-owned subsidiary of PineBridge Investments Partners LLC, a Delaware limited liability company that is a wholly-owned subsidiary of PineBridge Investments, L.P., a Cayman Islands partnership ("PILP"). The General Partner of PILP is Bridge Holdings Company Limited ("Bridge Holdings"). Bridge Holdings is wholly owned by Pacific Century Investment Holdings No. 1 Limited ("PCIH No. 1"). PCIH No. 1 is wholly owned by ChiltonLink Limited, which, in turn, is wholly owned by Richard Li. Each of PineBridge GEM II G.P., Co., PineBridge Investments Partners LLC, PILP, Bridge Holdings, PCIH No. 1, ChiltonLink Limited, and Richard Li. disclaims beneficial ownership of the Common Shares directly owned by GEM II. The percentage of outstanding Common Shares of the Issuer which may be deemed to be beneficially owned by each Reporting Person is set forth on Line 13 of such Reporting Person's cover sheet. Such percentage was calculated based on 16,803,198 Common Shares outstanding as of August 30, 2024, as reported on the Issuer's annual report on Form 10-K filed with the SEC on September 12, 2024. (b) Regarding the number of shares as to which such person has: (i) sole power to vote or to direct the vote: See line 7 of cover sheets (ii) shared power to vote or to direct the vote: See line 8 of cover sheets (iii) sole power to dispose or to direct the disposi

of the Schedule 13D is hereby amended and supplemented as follows

Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit 7 Schedule of Transactions for Item 5(c) of Amendment No. 2. Exhibit 8 Power of Attorney for John Leone. CUSIP No: G4690M101 SCHEDULE 13D Page 8 of 8 Pages SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. EXECUTED this 4th day of October, 2024. PINEBRIDGE GLOBAL EMERGING MARKETS PARTNERS II, L.P. By: PINEBRIDGE GEM II GP Ltd., its General Partner By: PINEBRIDGE GEM II G.P., L.P., its Sole Director By: PINEBRIDGE GEM II G.P., Co., its General Partner By: /s/ John Leone Name: John Leone Title: Vice President PINEBRIDGE GEM II G.P., L.P. By: PINEBRIDGE GEM II G.P., Co., its General Partner By: /s/ John Leone Name: John Leone Title: Vice President /s/ John Leone John Leone * Pierre Mellinger * Kevin Clowe */s/ Lindsay Johnson Lindsay Johnson As attorney-in-fact *This Schedule 13D was executed by Lindsay Johnson on behalf of the individuals listed above pursuant to a Power of Attorney, a copy of which is attached as an exhibit to the amendment to Form 3 filed by GEM II, GEM II GP, Mr. Mellinger and Mr. Clowe on July 13, 2023. Attention: Intentional misstatements or omissions of fact constitute federal violations (see 18 U.S.C. 1001).

View Full Filing

View this SC 13D/A filing on SEC EDGAR