Advancements in Nexxen's Trading Structure
Nexxen International Ltd. (AIM/NASDAQ: NEXN) is embarking on significant changes to its trading structure that promise to enhance its value to shareholders and streamline its operations. This innovative media and advertising technology company, recognized for its expertise in advanced TV and data-driven advertising solutions, is preparing for critical discussions around these developments.
Details of the Proposed Changes
The upcoming plans involve a few key components. First, Nexxen intends to exchange its Nasdaq-listed American Depository Receipts (ADRs) for Nasdaq-listed Ordinary Shares. This process will entail terminating the ADR facility while enabling a smoother transition for shareholders. Additionally, the company plans a reverse stock split at a two-for-one ratio. This means that for every two Ordinary Shares held, shareholders will receive one new share, facilitating a one-to-one exchange from ADRs to Ordinary Shares.
Delisting from AIM
As part of this restructuring, Nexxen will also cease trading on the AIM market, focusing solely on its Nasdaq listings. This move is designed to centralize its trading activities, reduce costs associated with maintaining multiple exchange listings, and ultimately enhance shareholder value.
Upcoming Presentations Hosted by Nexxen
Nexxen is set to host two presentations dedicated to discussing these changes in greater detail. The first presentation, aimed at U.S. investors and analysts, is scheduled for a date in December at 9:00 AM ET. Following this, a second presentation will take place for U.K. stakeholders, providing insights about the rationale behind the proposed changes and an opportunity for live engagement.
Engagement and Access
Both sessions will include question-and-answer segments where participants can engage directly with Nexxen’s leadership team. These presentations will be accessible via the company's investor relations platform after the events, ensuring that all stakeholders have an opportunity to gain insights even if they cannot attend live.
About Nexxen and Its Vision
Nexxen is dedicated to maximizing the capabilities of advertisers, agencies, and broadcasters worldwide. Their advanced technology stack, which incorporates a demand-side platform and a supply-side platform centered on the Nexxen Data Platform, allows for comprehensive media strategies encompassing planning, execution, and performance measurement. By embedding advanced TV and data solutions, Nexxen streamlines the advertising process, enabling partners to achieve targeted results.
The company operates on a global scale, with a presence in key markets across the U.S., Canada, Europe, and Asia-Pacific. This broad reach allows Nexxen to stay at the forefront of industry innovations and maintain competitive service offerings tailored to diverse market needs.
Investor Relations and Contact Information
Nexxen prioritizes transparency and accessibility in its communication with investors. For those interested in learning more about the company or the upcoming presentations, they can reach out to:
Nexxen International Ltd.
Billy Eckert, Vice President of Investor Relations
Email: ir@nexxen.com
Caroline Smith, Vice President of Communications
Email: csmith@nexxen.com
Should investors have questions during the upcoming presentations, provisions will be available for queries to be submitted ahead of time or during the live events.
Frequently Asked Questions
What changes is Nexxen proposing?
Nexxen is proposing to exchange Nasdaq-listed ADRs for Ordinary Shares, implement a reverse stock split, and delist from AIM.
When will the upcoming presentations take place?
The presentations for U.S. and U.K. investors will be held on separate dates in December.
How can investors access the presentations?
Investors can access the presentations through Nexxen's investor relations website following the events.
What is the primary benefit of these changes?
The main benefit is to streamline operations and enhance shareholder value by centralizing the trading activities on Nasdaq.
Who can I contact for more information about Nexxen?
Contact the Nexxen investor relations team or reach out to their communications department for any queries.
