Nexxen Seeks Approval For $40 Mln Share Buyback
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Nexxen International Ltd. (NEXN) announced it is seeking authorization for a new $40 million share repurchase program, to begin after the current program ends. The company believes its shares are attractively valued and supports its long-term outlook. The program requires a 30-day creditor objection period and bank lender consent. Nexxen will update on the program's start or any delays. As of October 31, the company had 57,086,122 ordinary shares outstanding and $13.9 million remaining under its existing authorization.
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