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TREMOR INTERNATIONAL LIMITED ( (GB:NEXN) ) has issued an announcement.
Nexxen International Ltd announced the buyback of 200,000 ordinary shares as part of its ongoing share buyback program. These shares, acquired on the AIM market, will be held as dormant shares in treasury under Israeli Companies Law, impacting the total number of shares with voting rights. This move is part of the company’s broader strategy to manage its capital structure, potentially influencing shareholder dynamics by altering the denominator used for calculating shareholder interests under regulatory guidelines.
More about TREMOR INTERNATIONAL LIMITED
Nexxen International Ltd is a global advertising technology company specializing in data and advanced TV solutions. The company offers a flexible and unified technology stack that includes a demand-side platform and a supply-side platform, centered around the Nexxen Data Platform. Nexxen operates in various regions, including the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on the London Stock Exchange and NASDAQ.
YTD Price Performance: -2.50%
Average Trading Volume: 543,516
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £484.2M
See more insights into NEXN stock on TipRanks’ Stock Analysis page.