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RNS Number : 0563P Nexxen International Ltd 06 December 2024
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/ (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/
(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/ (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
(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 (http://www.nexxen.com) .
For further information please contact:
Nexxen International Ltd.
Billy Eckert, Vice President of Investor Relations
ir@nexxen.com (mailto:ir@nexxen.com)
Caroline Smith, Vice President of Communications
csmith@nexxen.com (mailto:csmith@nexxen.com)
Vigo Consulting (U.K. Financial PR & Investor Relations)
Jeremy Garcia / Peter Jacob
Tel: +44 20 7390 0230 or nexxen@vigoconsulting.com
(mailto: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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