Nexxen Implements Share Repurchase Strategy for Investor Growth
Nexxen's Strategic Share Repurchase Announcement
NEW YORK — Nexxen International Ltd. (NASDAQ: NEXN), a pioneering name in the advertising technology sector, has unveiled exciting updates concerning its share repurchase program. This innovative initiative speaks to the company’s commitment to its shareholders and signals a strong financial position in a competitive marketplace.
Details of the March Share Repurchase
Throughout March 2025, Nexxen successfully repurchased a total of 1,498,918 Ordinary Shares, buying them back at an average price of $7.96. This repurchase is part of an ongoing strategy involving a $50 million program aimed at boosting shareholder value and signals confidence in the company's future. As of the end of March 2025, the company reported having 62,566,192 Ordinary Shares outstanding and about $5.5 million remaining in its current share repurchase fund.
Upcoming Share Repurchase Initiatives
Additionally, on March 5, 2025, Nexxen's Board of Directors sanctioned the initiation of a new $50 million share buyback program. This new program will commence on the earlier of May 19, 2025, or when the current program reaches completion, ensuring a continuous strategy for maintaining shareholder confidence and financial stability.
Commitment to Transparency
Nexxen has established a practice of releasing updates regarding its share repurchases regularly. The company plans to issue a press release at the beginning of each month detailing the number of shares bought back in the previous month along with the current outstanding shares. This approach aims to ensure transparency and keep investors informed about company activity.
Comparison with AIM Regulations
Previously, when Nexxen was listed on AIM, the company was required to provide daily updates on repurchases. With its current listing on Nasdaq, the disclosure requirements are less stringent. To merge best practices from both environments, Nexxen believes that these monthly updates will offer a harmonious solution while still adhering to SEC guidelines.
About Nexxen
Nexxen stands at the forefront of the advertising technology landscape, empowering advertisers, agencies, publishers, and broadcasters to harness data and maximize the impact of advanced TV. The company’s innovative technology stack includes both demand-side and supply-side platforms, centered around the Nexxen Data Platform. With a focus on streaming, Nexxen provides tools for discovery, planning, activation, monetization, measurement, and optimization, all designed to cater to the unique demands of its partners.
Global Presence and Connectivity
Headquartered in Israel, Nexxen extends its reach with offices spanning across the United States, Canada, Europe, and the Asia-Pacific region, firmly establishing its role as a global leader in its field. The company is traded on Nasdaq as NEXN, ensuring wide accessibility for investors.
Investor Relations Contact
For more information concerning financial queries or detailed investment strategies, interested parties are encouraged to reach out to:
Nexxen International Ltd.
Billy Eckert, Vice President of Investor Relations
ir@nexxen.com
Caroline Smith, Vice President of Communications
csmith@nexxen.com
Frequently Asked Questions
What is Nexxen's share repurchase program?
Nexxen's share repurchase program allows the company to buy back shares to increase shareholder value and signal financial strength.
How many shares did Nexxen repurchase in March 2025?
In March 2025, Nexxen repurchased 1,498,918 Ordinary Shares at an average price of $7.96.
What is the new buyback program's total value?
The newly approved share buyback program has a total value of $50 million.
When will Nexxen release share repurchase updates?
The company plans to release updates on the first trading day of each month regarding the shares repurchased in the prior month.
How does Nexxen's repurchase program differ from when it was listed on AIM?
While on AIM, Nexxen provided daily updates on repurchases; now on Nasdaq, it will provide monthly updates, balancing regulatory requirements and investor expectations.
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