Nexxen International Ltd - Tel Aviv-based advertising technology platform - Launches new share buyback worth up to $50 million. The buyback will be run by Cavendish Capital Markets Ltd. It will start on Tuesday and be completed by February 14. Nexxen has a $476.3 million market capitalisation.

Last week, Nexxen said its plans to delist from London and trade its ordinary shares on Nasdaq in New York instead of American depositary receipts. The company also announced plans for a reverse share split at a two-for-one ratio which will allow for a one-to-one exchange of the ADRs into ordinary shares.

Current stock price: 330.00 pence, up 8.9% in London on Tuesday

12-month change: up from 147.70p

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