Reach announcement*
6 December 2024
Nexxen International
Ltd
("Nexxen" or
the "Company")
Nexxen Announces Calls to
Discuss its Proposed Stock Exchange and Trading Structure
Changes
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:
o U.S.
/ Canada Toll-Free Dial-In Number: (888) 596-4144
o U.K.
Toll-Free Dial-In Number: +44 800 260 6470
o International Dial-In Number: +1 (646) 968-2525
o 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 Relations
ir@nexxen.com
Caroline Smith, Vice President of
Communications
csmith@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 Limited
Jonny
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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