Nexxen Announces Calls to Discuss its Proposed Stock Exchange and Trading Structure Changes
December 06 2024 - 9:00AM
Nexxen International Ltd. (AIM/NASDAQ: NEXN) (“Nexxen” or the
“Company”), a global, flexible advertising technology platform with
deep expertise in data and advanced TV, announces it will host two
separate presentations to discuss the process, timing and strategic
rationale of its proposed stock exchange and trading structure
changes, which shareholders will vote on at the Company’s upcoming
Annual General Meeting (“AGM”) on December 20, 2024.
These proposed changes include exchanging the
Company’s Nasdaq-listed ADRs for Nasdaq-listed Ordinary Shares and
terminating the ADR facility, conducting a reverse stock split of
the Company’s Ordinary Shares at a two-for-one ratio which will
allow for a one-to-one exchange from ADRs to Ordinary Shares and
delisting from the AIM to trade solely on the Nasdaq in the
U.S.
The Company will host a presentation for U.S.
investors and analysts on Thursday, December 12, 2024, at 9:00 AM
ET and a presentation for U.K. investors and analysts on Monday,
December 16, 2024, at 2:00 PM GMT followed by question-and-answer
sessions, and both presentations can be accessed on the Company’s
investor relations website following the events.
U.S. Presentation Details
- When: December 12,
2024, at 9:00 AM ET
- Webcast: A live
and archived webcast can be accessed from the “Events and
Presentations” section of Nexxen’s investor relations website at
https://investors.nexxen.com/
- Participant Dial-In
Numbers:
- U.S. / Canada Toll-Free Dial-In
Number: (888) 596-4144
- U.K. Toll-Free Dial-In Number: +44
800 260 6470
- International Dial-In Number: +1
(646) 968-2525
- Conference ID: 2310437
U.K. Presentation Details
- When: December 16,
2024, at 2:00 PM GMT
- Webcast: A live
webcast can be accessed on the Investor Meet Company platform at
https://www.investormeetcompany.com/ while an archived webcast can
be accessed on both the Investor Meet Company platform and the
“Events and Presentations” section of Nexxen’s investor relations
website at https://investors.nexxen.com/
Investors can sign up to Investor Meet Company
for free and add Nexxen International Ltd. in order to attend the
webcast via
https://www.investormeetcompany.com/nexxen-international-ltd/register-investor.
Investors who already follow Nexxen on the Investor Meet Company
platform will automatically be invited.
Questions related to the presentation with U.K.
investors and analysts can be submitted pre-event via the Investor
Meet Company dashboard up until 9:00 AM GMT on December 15, 2024,
or at any time during the presentation.
About Nexxen
Nexxen empowers advertisers, agencies,
publishers and broadcasters around the world to utilize data and
advanced TV in the ways that are most meaningful to them. Our
flexible and unified technology stack comprises a demand-side
platform (“DSP”) and supply-side platform (“SSP”), with the Nexxen
Data Platform at its core. With streaming in our DNA, Nexxen’s
robust capabilities span discovery, planning, activation,
monetization, measurement and optimization – available individually
or in combination – all designed to enable our partners to achieve
their goals, no matter how far-reaching or hyper niche they may
be.
Nexxen is headquartered in Israel and maintains
offices throughout the United States, Canada, Europe and
Asia-Pacific, and is traded on the London Stock Exchange (AIM:
NEXN) and NASDAQ (NEXN). For more information, visit
www.nexxen.com.
For further information please contact:
Nexxen International Ltd.Billy Eckert, Vice
President of Investor Relationsir@nexxen.com
Caroline Smith, Vice President of
Communicationscsmith@nexxen.com
Vigo Consulting (U.K. Financial PR &
Investor Relations)Jeremy Garcia / Peter Jacob Tel: +44 20
7390 0230 or nexxen@vigoconsulting.com
Cavendish Capital Markets LimitedJonny
Franklin-Adams / Seamus Fricker / Rory Sale (Corporate
Finance)Tim Redfern / Jamie Anderson (ECM)Tel: +44
20 7220 0500
Forward Looking Statements
This press release contains forward-looking
statements, including forward-looking statements within the meaning
of Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities and
Exchange Act of 1934, as amended. Forward-looking statements are
identified by words such as “anticipates,” “believes,” “expects,”
“intends,” “may,” “can,” “will,” “estimates,” and other similar
expressions. However, these words are not the only way Nexxen
identifies forward-looking statements. All statements contained in
this press release that do not relate to matters of historical fact
should be considered forward-looking statements, including without
limitation statements regarding the anticipated benefits and
potential timing of the Company’s proposed ADR exchange and
termination, reverse split and AIM delisting, as well as any other
statements related to Nexxen’s future financial results and
operating performance. These statements are neither promises nor
guarantees but involve known and unknown risks, uncertainties and
other important factors that may cause Nexxen’s actual results,
performance or achievements to be materially different from its
expectations expressed or implied by the forward-looking
statements, including, but not limited to, the following: negative
global economic conditions; global conflicts and war, including the
war and hostilities between Israel and Hamas, Hezbollah and Iran,
and how those conditions may adversely impact Nexxen’s business,
customers and the markets in which Nexxen competes; changes in
industry trends; the risk that Nexxen will not realize the
anticipated benefits of its acquisition of Amobee and strategic
investment in VIDAA; and, other negative developments in Nexxen’s
business or unfavourable legislative or regulatory developments.
Nexxen cautions you not to place undue reliance on these
forward-looking statements. For a more detailed discussion of these
factors, and other factors that could cause actual results to vary
materially, interested parties should review the risk factors
listed in the Company’s most recent Annual Report on Form 20-F,
filed with the U.S. Securities and Exchange Commission
(www.sec.gov) on March 6, 2024. Any forward-looking statements made
by Nexxen in this press release speak only as of the date of this
press release, and Nexxen does not intend to update these
forward-looking statements after the date of this press release,
except as required by law.
Nexxen, and the Nexxen logo are trademarks of
Nexxen International Ltd. in the United States and other countries.
All other trademarks are the property of their respective owners.
The use of the word “partner” or “partnership” in this press
release does not mean a legal partner or legal partnership.
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