Nexxen Launches New $20 Million Ordinary Share Repurchase Program
Rhea-AI Summary
Nexxen International (NASDAQ: NEXN), a global advertising technology platform, has announced a new $20 million Ordinary Share repurchase program following the completion of its previous $50 million program. The new initiative will run until March 19, 2026, or until completion, whichever comes first.
The program is flexible, allowing the company to suspend, modify, or discontinue it at any time. Any repurchased shares will be classified as dormant shares under Israeli Companies Law and held in treasury without rights. This announcement follows the end of the creditor objection period previously announced on August 15, 2025.
Positive
- Implementation of new $20 million share repurchase program demonstrates confidence in company's financial position
- Successful completion of previous larger $50 million share repurchase program
- Program flexibility allows company to adjust based on market conditions and business needs
Negative
- Potential impact on cash reserves that could be used for business operations or growth initiatives
- Exposure to global economic risks and conflicts, particularly in Israel and Middle East regions
News Market Reaction
On the day this news was published, NEXN gained 1.39%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $9M to the company's valuation, bringing the market cap to $623M at that time.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Sept. 19, 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 the launch of a new
Nexxen has completed its previous
The new repurchase program does not obligate Nexxen to repurchase any particular amount of Ordinary Shares and the program may be suspended, modified, or discontinued at any time at the Company’s discretion, subject to applicable law and outside of blackout periods. Any Ordinary Shares repurchased under the new repurchase program will be reclassified as dormant shares under the Israeli Companies Law and held in treasury without rights.
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
Caroline Smith, Vice President of Communications
csmith@nexxen.com
Forward Looking Statements
This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as “anticipates,” “believes,” “expects,” “intends,” “may,” “can,” “will,” “estimates,” and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Company’s capital allocation plans generally and with respect to its ongoing and future share repurchase programs. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen’s actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including, but not limited to, the following: negative global economic conditions, including risks related to tariff impacts or policy shifts (including trade negotiations or enforcement actions) that could materially affect market sentiment, consumer behavior and advertising demand; global conflicts and war, including the war and hostilities between Israel and Hamas, Hezbollah, the Houthis in Yemen and Iran, and how those conditions may adversely impact Nexxen’s business, customers and the markets in which Nexxen competes; changes in industry trends; and, other negative developments in Nexxen’s business or unfavorable legislative or regulatory developments. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission (www.sec.gov) on March 5, 2025. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law. Nexxen and the Nexxen logo are trademarks of Nexxen International Ltd. in the United States and other countries.
FAQ
What is the size and duration of Nexxen's (NEXN) new share repurchase program?
How much was Nexxen's previous share buyback program worth?
What happens to NEXN shares repurchased under this program?
Can Nexxen modify or suspend the share repurchase program?
What are the main risks to Nexxen's (NEXN) share repurchase program?
