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Nexxen announces approval of $40M share repurchase program

Tipranks - Tipranks - Sat Jan 3, 7:12AM CST

Nexxen (NEXN) International repurchased 495,000 shares at an average price of $6.63 during December. As of December 31, Nexxen had 56,284,083 Ordinary Shares outstanding, and approximately $7.5M remaining under its current share repurchase authorization. The Company has also received authorization, following the expiration of a 30-day creditor objection period and consent from its bank lenders, to initiate a new share repurchase program of up to $40M, as announced on November 20, which is scheduled to begin upon completion of its current program. The new program reflects the Company’s ongoing commitment to returning capital to shareholders and enhancing long-term shareholder value.

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