Nexxen Unveils New Share Buyback Program for Stakeholder Growth
Nexxen Shares Update and Repurchase Initiatives
Nexxen International Ltd. (NASDAQ: NEXN), a leading player in the global advertising technology sector, has recently made impressive strides to enhance its stakeholder value. In April, the company announced the repurchase of 1,877,280 Ordinary Shares at an average price of $8.74, signaling a strong commitment to its shareholders.
Details of the Share Repurchase Program
Nexxen’s progressive attitude is further evidenced by the completion of its initial $50 million Ordinary Share repurchase program. Following this, the company has initiated a new ongoing share repurchase program also valued at $50 million. This new program is designed to continue until the earlier of November 19, 2025, or until the total amount is repurchased. Importantly, Nexxen has the flexibility to modify or halt the program as per discretion, providing it with agility to adapt to market conditions.
Current Shareholding Scenario
As of the end of April, Nexxen had a total of 60,713,596 Ordinary Shares outstanding, excluding treasury shares. Additionally, the company has approximately $39 million remaining under its current buyback authorization. This financial structure allows Nexxen to sustain confidence in its stock and demonstrates strong financial management in aligning shareholder interests with corporate growth.
About Nexxen: Pioneering Advertising Technology
Nexxen stands out in the advertising landscape by empowering a diverse range of stakeholders including advertisers, agencies, and publishers. At its core, the company boasts a robust technology stack that integrates both demand-side (DSP) and supply-side (SSP) platforms. With a data-centric approach, Nexxen offers unparalleled capabilities in key areas such as planning, activation, and performance measurement.
A Unified Technology Stack
The cornerstone of Nexxen’s operations is its Data Platform, which enhances both the advertiser and consumer experience in the digital space. Their comprehensive approach not only focuses on data utilization but also explores innovative avenues for optimizing advertising processes, facilitating a seamless journey from discovery to monetization.
Market Presence and Global Reach
Headquartered in Israel, Nexxen operates with a formidable presence in numerous locations, including the United States, Canada, Europe, and the Asia-Pacific region. This strategic positioning enables Nexxen to tailor its services according to regional market needs while leveraging local insights. Being traded on Nasdaq (NEXN), Nexxen remains committed to fostering transparency and strategic growth.
Contact Information for Stakeholders
For any inquiries or further information, Nexxen encourages stakeholders and interested parties to reach out to their Investor Relations and Communications teams:
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 the purpose of the share repurchase program?
The share repurchase program aims to enhance shareholder value by reducing the number of outstanding shares and signaling confidence in the company’s financial health.
How does Nexxen’s technology platform work?
Nexxen’s technology platform unifies both demand-side and supply-side tools, allowing users to effectively manage their advertising strategies with a focus on data-driven outcomes.
What is Nexxen's market presence?
Nexxen has a significant market presence globally, with operations in North America, Europe, and Asia-Pacific, providing services across diverse markets.
How can stakeholders contact Nexxen?
Stakeholders can reach out to Nexxen directly through their Investor Relations or Communications teams via the provided email addresses.
Where is Nexxen headquartered?
Nexxen is headquartered in Israel, with a strong presence across multiple global territories, enhancing its operational reach.
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