Nexxen Announces March 2025 Share Repurchase Program Summary

Core Insights - Nexxen International Ltd. announced the repurchase of 1,498,918 Ordinary Shares at an average price of $7.96 during March 2025, as part of its ongoing $50 million share repurchase program [1] - As of March 31, 2025, Nexxen had 62,566,192 Ordinary Shares outstanding and approximately $5.5 million remaining under its current share repurchase program authorization [1] Share Repurchase Program - The Board of Directors approved a new $50 million Ordinary Share repurchase program, set to begin on the earlier of May 19, 2025, or upon completion of the current program [2] - Nexxen intends to issue monthly press releases detailing the number of shares repurchased and the total shares outstanding [3] Disclosure Practices - Nexxen previously provided daily repurchase updates while listed on AIM, but now follows SEC disclosure requirements, which are more limited for Nasdaq-listed companies [4] - The company believes that monthly updates represent a balanced approach, enhancing transparency for both U.S. and international shareholders [4] Company Overview - Nexxen is a global advertising technology platform specializing in data and advanced TV, offering a flexible technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [5] - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is traded on Nasdaq under the ticker NEXN [6]