CUSIP No: G4690M101
|
SCHEDULE 13D
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Page 2 of 9 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
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PineBridge Global Emerging Markets Partners II, L.P.
|
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|||
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||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
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||
(b)
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☒
|
||||
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||||
3
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SEC USE ONLY
|
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|||
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||||
4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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||
OO
|
|
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|||
|
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||||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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||
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||||
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||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Cayman Islands
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||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
|
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0
|
|
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|||
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||||
8
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SHARED VOTING POWER
|
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1,959,739
|
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|||
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||||
9
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SOLE DISPOSITIVE POWER
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0
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|||
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||||
10
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SHARED DISPOSITIVE POWER
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||
1,959,739
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|||
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||||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
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1,959,739
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|||
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||||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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||||
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||||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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11.7%
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|||
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||||
14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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||
PN
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|||
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CUSIP No: G4690M101
|
SCHEDULE 13D
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Page 3 of 9 Pages
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1
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NAMES OF REPORTING PERSONS
|
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PineBridge GEM II G.P., L.P.
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|||
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||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
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||
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|||
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|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
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||
OO
|
|
|
|||
|
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||||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
|
||
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||||
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||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Cayman Islands
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|||
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||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
|
|
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0 |
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|||
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||||
8
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SHARED VOTING POWER
|
|
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||
1,959,739
|
|
|
|||
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||||
9
|
SOLE DISPOSITIVE POWER
|
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||
0 |
|
|
|||
|
|
||||
10
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SHARED DISPOSITIVE POWER
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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11.7%
|
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|||
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||||
14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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||
PN
|
|
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|||
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CUSIP No: G4690M101
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SCHEDULE 13D
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Page 4 of 9 Pages
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1
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NAMES OF REPORTING PERSONS
|
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John Leone
|
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|||
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||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
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SEC USE ONLY
|
|
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||
|
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|||
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|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
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|
||||
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||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
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United States
|
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|
|||
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|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
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0 |
|
|
|||
|
|
||||
8
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SHARED VOTING POWER
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
11.7%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
CUSIP No: G4690M101
|
SCHEDULE 13D
|
Page 5 of 9 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
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|
||
Pierre Mellinger
|
|
|
|||
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|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
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|
||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
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||
French
|
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|
|||
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|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
11.7%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
CUSIP No: G4690M101
|
SCHEDULE 13D
|
Page 6 of 9 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Kevin Clowe
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,959,739
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
11.7%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
CUSIP No: G4690M101
|
SCHEDULE 13D
|
Page 7 of 9 Pages
|
Item 1. |
Security and Issuer
|
Item 4. |
Purpose of Transaction
|
Item 5. |
Interest in Securities of the Issuer
|
(a) |
GEM II is the record owner of 1,959,739 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.
|
CUSIP No: G4690M101
|
SCHEDULE 13D
|
Page 8 of 9 Pages
|
(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 disposition: See line 9 of cover sheets
|
(iv) |
shared power to dispose or to direct the disposition: See line 10 of cover sheets
|
(c) |
Except for the transactions listed in Exhibit 5 of this Amendment No. 1, the Reporting Persons have not effected any transactions with respect to the Common Shares during the past 60 days.
|
Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
|
Item 7. |
Material to be Filed as Exhibits
|
Schedule of Transactions for Item 5(c) of Amendment No. 1.
|
|
The 10b5-1 Plan.
|
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
|
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
|
Reporting Person
|
Title of Security
|
Date of Transaction
|
Nature of Transaction
|
Quantity
|
Price
|
GEM II
|
Common Shares
|
09/13/2024
|
Sell
|
20,000
|
$19.1125(1)
|
GEM II
|
Common Shares
|
09/16/2024
|
Sell
|
20,000
|
$20.1560(2)
|
GEM II
|
Common Shares
|
09/17/2024
|
Sell
|
20,000
|
$19.8085(3)
|
1. |
Broker shall effect all sales (each a “Sale”) of Stock under this Selling Plan in accordance with its terms, including those terms set forth on Annex A.
|
2. |
Seller understands that Broker may not be able to effect a Sale in the event of: (i) a market disruption; (ii) a legal, regulatory or contractual restriction applicable to Issuer or Broker; (iii) the receipt by Broker of written notice
from counsel for the Issuer advising it that this Selling Plan is no longer in effect, or alternatively, the Sales to be made under this Selling Plan are suspended until further notice. If any Sale cannot be executed as required by this
Selling Plan for any of these reasons, Broker shall effect such Sale as promptly as practical after the cessation or termination of any market disruption, restriction, or suspension described above, or as promptly as possible after receipt
of written affirmation of the continuing effect or validity of this Selling Plan or an amended or substituted Selling Plan.
|
3. |
Seller represents and warrants that they are not aware of material, nonpublic information with respect to the Issuer or any securities of the Issuer (including the Stock) and will continue to act in good faith throughout the duration of
the plan and not as part of a plan or scheme to evade the prohibitions of Rule 10b-5 and Rule 10b5-1 under the Securities Exchange Act of 1934 (the “Exchange Act”) and Seller has acted, and will continue to act, in good faith with respect
to this Selling Plan.
|
4. |
It is the intent of the parties that this Selling Plan comply with the requirements of Rule 10b5-1(c)(1). Seller further represents and warrants that they have had full opportunity to consult with their legal counsel with respect to the
validity of this Selling Plan and that they are not relying on Broker for such counsel.
|
5. |
Where applicable, Broker agrees to effect all Sales in accordance with the manner of sale requirements of Rule 144 under the Securities Act of 1933, and in no event shall Broker effect any Sale if such sale would exceed the then
applicable volume limitation under Rule 144, assuming that Sales effected by Broker for Seller under this Selling Plan are the only sales subject to that limitation. Seller agrees not to take, and agrees to cause any person or entity with
which they would be required to aggregate sales of Stock pursuant to paragraph (a)(2) or (e) of Rule 144 not to take, any action that would cause the Sales not to comply with Rule 144.
|
6. |
Seller agrees to make all filings, if any, required under Sections 13(d), 13(g) and 16 of the Exchange Act.
|
7. |
Seller agrees to identify to Broker all orders or instructions that will or could result in Sales under this Selling Plan as “Rule 10b5-1 Orders” or “Rule 10b5-1 Instructions” and understands and further agrees that they may not amend,
substitute or otherwise alter any such Order or Instruction without the prior written permission of Issuer, which written permission shall be provided to Broker directly from Issuer. Seller further understands and agrees that they bear all
legal and regulatory risks associated with any such amendment, substitution or alteration.
|
8. |
Buyer further represents and warrants that they do not have another outstanding (and may not subsequently enter into any additional) contract, instruction or plan that would qualify for the affirmative defense under the amended Rule
10b5-1 for transactions in any class of securities of the issuer on the open market during the same period. This restrictions does not apply to:
|
a. |
plans maintained at the same time, so long as one of them only authorizes qualified sell-to-cover transactions
|
b. |
a series of separate Rule 10b5-1 plans with different broker-dealers or other agents acting on behalf of the person to execute trades of securities held in separate accounts, provided that the contracts with each broker-dealer or other
agent, when taken together as a whole, meet all of the applicable conditions of Rule 10b5-1(c)(1)
|
c. |
two separate Rule 10b5-1 plans maintained at the same time, so long as trading under the later-commencing plan is not authorized to begin until after all trades under the earlier-commencing plan are completed or expire without execution
|
9. |
If this plan is a single-trade plan “designed to effect” the open-market purchase or sale of securities as a “single transaction,” the Buyer further represents and warrants that they have not, during the prior 12-month period, adopted
another plan that was designed to effect the open-market purchase or sale in a single transaction; and such other contract, instruction, or plan in fact was eligible to receive the affirmative defense.
|
10. |
This Selling Plan shall terminate upon the earlier of (i) notice of termination from the Seller that is sent in compliance with the Issuer’s insider trading policies, (ii) when all shares of Stock subject to this Selling Plan are sold in
accordance with Annex A, (iii) when Seller transfers all of the shares of Stock subject to this Selling Plan in a transaction exempt from Issuer’s insider trading policies, such as a pro-rata, in-kind distribution, and Seller agrees to
promptly advise Broker upon occurrence of such event, and (iv) when Issuer’s insider trading policies are no longer in effect with respect to Seller, and Seller agrees to promptly advise Broker upon occurrence of such event.
|
11. |
This Selling Plan shall by governed by and construed in accordance with the laws of the State of New York and may be modified or amended only by a writing signed by the parties hereto.
|
√
|
A Director and/or a Section 16 officer1
|
o |
10b5-1 Plan requires a cooling-off period the later of
|
— |
90 days after the adoption of the Rule 10b5-1 plan or
|
— |
two business days following the disclosure in a periodic report of the issuer’s financial results for the fiscal quarter in which the plan was adopted (but not to exceed 120 days following plan
adoption)
|
A person other than an issuer, director or Section 16 officer1
|
o |
10b5-1 Plan requires a 30 day cooling-off period
|
Seller: PineBridge Global Emerging Markets Partners II, L.P.
|
Signature:
|
/s/ John Leone
|
Printed name:
|
John Leone
|
Title:
|
Vice President of PineBridge GEM II G,P., Co., general partner of PineBridge GEM II GP., L.P., sole director of general partner of PineBridge Global Emerging Markets Partners II, L.P.
|
Date signed:
|
June 14, 2024
|
Company representing:
|
RBC Wealth Management, a division of RBC Capital Markets, LLC:
|
Signature:
|
/s/ Jeffery J. Kapala
|
Name:
|
Jeffery J. Kapala – Director / Corporated & Executive Services
|
Date signed:
|
June 14, 2024
|
Company acknowledgement:
|
Company name:
|
IBEX Limited
|
Name of officer:
|
Christy O’Connor
|
Title:
|
Chief Legal Officer & Assistant Secretary
|
Signature:
|
/s/ Christy O’Connor
|
Date:
|
June 14, 2024
|
© 2023 RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC. |
23-37-01397 _3708 (05/23)
|