IBI Group Announces Appointment of Michael Nobrega as Chair of the Board of Directors
Global design and technology firm, IBI Group Inc. ("IBI" or "the Company"), announced today the appointment of Michael Nobrega as its new Chair of the Board of Directors. Mr. Nobrega has been a Board Member with the firm for three years, and succeeds Dale Richmond, who retires from the Board effective today, and has served as Board Chair since 2014. The Company is currently undergoing a search to replace Mr. Nobrega's now vacant Board Member position on its Board of Directors.
IBI Group Inc. Announces Redemption of 5.5% Convertible Unsecured Subordinated Debentures Due December 31, 2021 and Having a Conversion Price of $8.35 Per Common Share
IBI Group Inc. (the "Company" or "IBI") (TSX:IBG) announced today that the Company has sent a notice to CIBC Mellon Trust Company, as trustee under the trust indenture dated as of September 30, 2009 between the Company and CIBC Mellon Trust Company, that IBI will redeem the entire aggregate principal amount of $46,000,000 of its outstanding 5.5% convertible unsecured subordinated debentures due December 31, 2021 and having a conversion price of $8.35 per common share, which are listed for trading on the Toronto Stock Exchange under the symbol "IBG.DB.D" (the "Debentures") in accordance with the terms of the Debentures.
IBI Group Announces Asset Acquisition of Cole Engineering Group Ltd.
IBI Group Inc. (TSX: IBG) ("IBI" or the "Company"), a global design and technology firm, announced today that it has completed the purchase of the assets of southern Ontario-based Cole Engineering Group Ltd. ("Cole"), (the "Acquisition"). Founded in 2003, Cole provides a complementary fit for IBI as one of the largest independent civil engineering firms in Ontario, offering consulting and advisory services in the water, transportation, urban development and environmental sectors. Cole's geographic reach and fulsome capabilities across the water sector include demand modelling and planning; design and construction management for water infrastructure facilities, pipelines and tunnels; as well as operations and maintenance.
IBI Group, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / November 6, 2020 / IBI Group, Inc. (TSX:IBG) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 6, 2020 at 8:30 AM Eastern Time.
IBI Group Inc. Announces Q3 2020 Results With Robust Net Revenue and 16.5% Adjusted EBITDA(1,2) as a Percentage of Net Revenue
IBI Group Inc. ("IBI" or the "Company"), a globally integrated design and technology firm, today announced its financial and operating results for the three and nine months ended September 30, 2020. Select financial and operational information is outlined below and should be read with IBI's consolidated financial statements ("Financial Statements") and management's discussion and analysis ("MD&A") as of September 30, 2020, which are available on SEDAR at www.sedar.com and on IBI's website at www.ibigroup.com.
IBI Group Inc. to Announce Third Quarter 2020 Results and Host Conference Call / Webcast
IBI Group Inc. ("IBI" or the "Company") (TSX:IBG) today confirms the Company intends to release its financial and operating results for the three and nine months ended September 30, 2020 after markets close on Thursday, November 5, 2020.
IBI Group Awarded Airport Ground Transportation Management System Contract by the Port Authority of New York and New Jersey
IBI Group (TSX:IBG), a global design and technology firm, has been awarded a four-year Airport Ground Transportation Management System (GTMS) contract for the Port Authority of New York and New Jersey (PANYNJ). Leveraging IBI Group's Smart Airport Taxi - Virtual Dispatch System, the cloud-hosted solution will reduce the need for high-volume holding areas for commercial vehicles by automating the dispatch of ground transportation and connecting drivers to ride opportunities via a mobile application. The technology is being implemented at JFK, LaGuardia, and Newark airports, and includes a feature that will provide airport ground transportation operators with data related to the health of drivers and the cleanliness of their vehicles. This contract adds to IBI Group's Intelligence-sector portfolio and aligns with the firm's strategic technology-driven direction.
IBI Group Announces $40 Million Offering of 6.50% Senior Unsecured Debentures
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