Nexxen International Ltd. (NEXN) has released an update.
Nexxen International Ltd. has initiated a new $50 million share repurchase program, leveraging its existing cash reserves to potentially enhance long-term shareholder value. The program, starting on May 7, 2024, offers the company an opportunity to buy back shares at prices they consider undervalued. Managed independently, the repurchase is flexible, may constitute a significant portion of the trading volume, and can be adjusted or halted as per the company’s discretion.
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