Nexxen International Ltd. completed a February share repurchase of 496,981 shares at an average price of $6.02, reducing its ordinary shares outstanding to 55,720,779. The repurchase was part of the company’s ongoing capital‑allocation strategy, aimed at returning value to shareholders while maintaining a strong balance sheet.
The February buyback follows a consistent pattern of share repurchases: 495,000 shares were repurchased in December 2025 at an average price of $6.63, and 412,088 shares were repurchased in January 2026 at $6.18. The steady pace of repurchases demonstrates Nexxen’s commitment to returning capital to shareholders over time.
Nexxen has also received authorization to launch a new share‑repurchase program of up to $40 million. The new program will begin once the current program is exhausted; as of February 28, the current program had approximately $2 million remaining. Shares repurchased under the new program will be reclassified as dormant shares under Israeli Companies Law and held in treasury without rights. Management said the program “reflects the Company’s ongoing commitment to returning capital to shareholders and enhancing long-term shareholder value.”
Historically, Nexxen’s buyback announcements have produced modestly positive market reactions, with past updates moving the share about 0.45% on average.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.