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Nexxen International Enhances Shareholder Value with Strategic Buyback

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Nexxen International Enhances Shareholder Value with Strategic Buyback

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An update from TREMOR INTERNATIONAL LIMITED ( (GB:NEXN) ) is now available.

Nexxen International Ltd announced the repurchase of 125,000 ordinary shares on the AIM market as part of its ongoing Buyback Programme. This move, involving the reclassification of shares as dormant, aligns with their strategy of optimizing capital structure and potentially increasing shareholder value by reducing outstanding share count. The transaction impacts the total voting rights, which now consist of 128,624,586 ordinary shares, and stakeholders must use this updated figure for any disclosures regarding their shareholdings.

More about TREMOR INTERNATIONAL LIMITED

Nexxen International Ltd is a global advertising technology platform specializing in data and advanced TV. It provides a unified technology stack that includes a demand-side platform and a supply-side platform, with the Nexxen Data Platform at its core. Nexxen’s services cover discovery, planning, activation, monetization, measurement, and optimization, catering to advertisers, agencies, publishers, and broadcasters worldwide. The company is headquartered in Israel and operates offices across the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on the London Stock Exchange and NASDAQ.

YTD Price Performance: -4.75%

Average Trading Volume: 501,540

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £490.9M

For a thorough assessment of NEXN stock, go to TipRanks’ Stock Analysis page.

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