Nexxen announces $50M Ordinary Share repurchase program

The Company launched a new $50 million Ordinary Share repurchase program on May 7, 2024, following approval from its Lenders which will continue until the earlier of November 1, 2024 and the date the program is completed. 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. Upon completion of the current share repurchase program, the Company’s Board of Directors intends to evaluate the potential for an additional share repurchase program, subject to then current market conditions and necessary approvals.