Nexxen Seeks Authorization for New $40 Million Ordinary Share Repurchase Program

Core Viewpoint - Nexxen International Ltd. is initiating a new Ordinary Share repurchase program for up to $40 million, reflecting confidence in its long-term prospects and aiming to acquire shares at a discounted valuation [1] Group 1: Repurchase Program Details - The new repurchase program will commence after the current program concludes and is subject to a 30-day creditor objection period as per Israeli regulations [2] - The program requires consent from the Company's bank lenders but does not need Israeli court approval [2] - If no creditor objections arise and lender approvals are obtained, the program can begin, allowing for flexibility in the number of shares repurchased [3] Group 2: Current Share Status - As of October 31, 2025, Nexxen had 57,086,122 Ordinary Shares outstanding, excluding treasury shares, with approximately $13.9 million remaining under the current repurchase authorization [4] Group 3: Company Overview - Nexxen operates as a global advertising technology platform, specializing in data and advanced TV, with a technology stack that includes a demand-side platform and a supply-side platform [5] - The company is headquartered in Israel and has a presence in the United States, Canada, Europe, and Asia-Pacific, and is traded on Nasdaq under the ticker NEXN [6]