Nexxen outlines stock exchange and trading changes

TEL AVIV – Nexxen International Ltd., a company specializing in computer programming and data processing services with a market capitalization of $572 million and impressive gross profit margins of 82%, announced today its detailed timeline and process for the anticipated changes in its stock exchange and trading structure.

The Tel Aviv-based company, formerly known as Tremor International Ltd., has issued a statement reiterating the steps it will take as part of its transition. The changes are set to enhance the company’s trading framework and are in compliance with the AIM Market Rules. According to InvestingPro data, the company has demonstrated strong market performance with a 97.57% return over the past year.

Nexxen’s Chief Financial Officer, Sagi Niri, signed off on the announcement, marking a significant administrative update to the company’s operational procedures. The details of the announcement have been added to Nexxen’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC), which serves as an official record of the company’s monthly updates and is incorporated by reference into the company’s registration statement on Form S-8.

The company’s business address remains at 82 Yigal Alon Street, on the 13th floor in Tel Aviv, Israel, where it conducts its principal executive operations.

Investors and stakeholders can refer to Nexxen’s SEC filing for further details on the upcoming changes. The information provided in the Form 6-K is intended to be a part of the company’s registration statement from the date of submission, except where documents or reports filed or furnished subsequently may supersede it.

This announcement is based on a press release statement and aims to provide shareholders with a clear understanding of Nexxen’s next steps in its corporate evolution. The company’s commitment to keeping its investors informed is reflected in its timely disclosure of these changes. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with strong financial health indicators and multiple positive factors that subscribers can explore in the comprehensive Pro Research Report, available among 1,400+ detailed company analyses.

In other recent news, Nexxen International has been the focus of several significant developments. JMP Securities maintained a positive stance on Nexxen, reiterating a Market Outperform rating with a price target of $11.00. The firm highlighted Nexxen’s improved sales execution and the importance of its unique data assets in driving future expansion. Nexxen’s commitment to enhancing shareholder value was demonstrated through a new $50 million share repurchase program.

Furthermore, Nexxen’s Annual General Meeting (AGM) results were recently disclosed, although the specific resolutions approved were not detailed in the filing. In another development, Needham raised its price target on Nexxen’s shares to $12.00, reaffirming a Buy rating. The firm projected a 10% net revenue growth and a 69% EPS growth rate for Nexxen in 2025, indicating confidence in the company’s growth trajectory.

Lastly, Nexxen announced the initiation of a new share repurchase program, planning to buy back $50 million of its ordinary shares as part of its strategy to manage capital allocation and shareholder value. These are among the recent developments shaping the future of Nexxen International.

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