Nexxen International Ltd.
For the period ended Mar 5, 2025. Filed Mar 5, 2025.
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Mar 5, 2025 · Filed Mar 5, 2025
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NEXN$8.84-1.4%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Share Repurchase Program Updates
Share Repurchase Program Updates
| o | Nexxen repurchased 4,493,721 Ordinary Shares during Q4 2024 (2,246,861 Ordinary Shares as adjusted for the Company’s reverse-split) at an average price of 347.48 pence (694.96 pence on a post-reverse-split adjusted basis), reflecting a total investment of £15.6 million or $20.1 million. |
| o | During 2024, Nexxen repurchased 18,275,064 Ordinary Shares (9,137,532 Ordinary Shares on a post-reverse-split adjusted basis), reflecting a total investment of £48.2 million or $61.7 million. |
| o | From March 1, 2022, when the Company launched a series of share repurchase programs, through December 31, 2024, the Company repurchased 37,909,216 Ordinary Shares (18,954,608 Ordinary Shares on a post-reverse-split adjusted basis), or 24.5% of shares outstanding, reflecting a total investment of £125.9 million or $157.3 million. |
| o | On November 19, 2024, the Company launched a new $50 million Ordinary Share repurchase program which is scheduled to continue until the earlier of May 19, 2025, or completion, following the expiration of its previous $50 million Ordinary Share repurchase program on November 1, 2024. Until the Company’s AIM-delisting on February 14, 2025, the Ordinary Share repurchases under the program were executed on the AIM Market, and beginning February 18, 2025, the Ordinary Share repurchases are now executed on Nasdaq. The 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. |
| o | As of December 31, 2024, the Company had $38.4 million remaining on its Ordinary Share repurchase program authorization. |
Nexxen’s Board of Directors Approved the Launch of a New $50 Million Ordinary Share Repurchase Program Following Completion of the Currently Ongoing Program
| o | On March 4, 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 currently ongoing program, and continue until the earlier of November 19, 2025, or completion. The launch of the new Ordinary Share repurchase program is subject to compliance with a creditor notice period required under Israeli law. |
| o | Nexxen’s Board of Directors intends to continue to evaluate implementing additional share repurchase programs following the completion of the ongoing and impending programs, subject to then current market conditions and necessary approvals. |
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