Nexxen International Ltd - Tel Aviv-based advertising technology platform - Seeking authorisation for a new $50 million share buyback, as its current $50 million programme will expire on November 1. Nexxen says it needs to comply with new Israeli regulations that require companies to await the expiration of a creditor objection period before starting share repurchases. Assuming no objections, Nexxen will go ahead with the new buyback. Repurchased shares will be held in treasury as dormant shares with no voting rights.

Current stock price: 300.00 pence for £403.3 million market capitalisation

12-month change: more than doubled

Copyright 2024 Alliance News Ltd. All Rights Reserved.