IBEX GlobalSolutions to cancel trading on AIM

Business outsourcing company Ibex Global Solutions is to cancel trading on AIM so it can be bought by India Bidco.

In October, India Bidco, which is owned by The Resource Group International, made an offer to buy the share capital that it does not already own.

The cancellation of Ibex's shares on AIM, subject to conditions, will take place at least five business days after the offer is accepted, which is expected to be on 18 November.

Further details of the cancellation are to be released in due course.

Shares in Ibex Global Solutions was down 1.22% to 109.15p at 1142 GMT.