Nexxen announces approval of $40M share repurchase program

Core Viewpoint - Nexxen International has actively engaged in share repurchase activities, demonstrating its commitment to returning capital to shareholders and enhancing long-term shareholder value [1]. Group 1: Share Repurchase Activities - In December, Nexxen repurchased 495,000 shares at an average price of $6.63 [1]. - As of December 31, Nexxen had 56,284,083 Ordinary Shares outstanding and approximately $7.5 million remaining under its current share repurchase authorization [1]. - The company has received authorization to initiate a new share repurchase program of up to $40 million, which will begin upon completion of the current program [1]. Group 2: Financial Commitment - The new share repurchase program reflects the company's ongoing commitment to returning capital to shareholders [1]. - The authorization for the new program followed the expiration of a 30-day creditor objection period and consent from its bank lenders [1].