Nexxen International Ltd. (AIM:NEXN) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares. The program will be funded from existing cash reserves.
Any Ordinary Shares acquired by the Company as a result of the repurchase program will be reclassified as dormant shares under the Israeli Companies Law (without any rights attached thereon) and will be held in treasury. The program will continue until May 19, 2025, or until it has been completed.