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NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced that during March 2025, the Company repurchased 1,498,918 Ordinary Shares at an average price of $7.96 through its ongoing $50 million Ordinary Share repurchase program. As of March 31, 2025, Nexxen had 62,566,192 Ordinary Shares outstanding (excluding treasury shares) and approximately $5.5 million remaining under its current share repurchase program authorization.
As previously announced on March 5, 2025, Nexxen’s Board of Directors approved the launch of a new $50 million Ordinary Share repurchase program which is scheduled to begin on the earlier of May 19, 2025, or completion of the current program.
During periods when Nexxen has an active share repurchase program, the Company intends to issue a press release on the first trading day of each month announcing the number of shares repurchased during the prior month and the number of shares outstanding as of the end of the preceding month.
When Nexxen was listed on AIM, prior to its transition to a single listing on Nasdaq, the Company provided daily repurchase updates in accordance with AIM regulations. The SEC disclosure requirements for share repurchases by companies solely listed on Nasdaq is more limited. Nexxen believes that providing monthly updates offers a balanced approach that incorporates best practices from both markets. This disclosure not only underscores Nexxen’s shareholder-friendly capital allocation strategy but also reaffirms its commitment to transparency for both U.S. and international shareholders.
About Nexxen
Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform (“DSP”) and supply-side platform (“SSP”), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen’s robust capabilities span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to achieve their goals, no matter how far-reaching or hyper niche they may be.
Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded on Nasdaq (NEXN). For more information, visit www.nexxen.com.
For further information please contact:
Nexxen International Ltd.
Billy Eckert, Vice President of Investor Relations
ir@nexxen.com