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Nexxen International - Director Dealings

April 8, 2024
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RNS Number : 6642J
Nexxen International Ltd
08 April 2024
 

8 April 2024

Nexxen International Ltd

("Nexxen" or the "Company")

 Director Dealings Pursuant to Previously Established Non-Discretionary Plans to Trade Under Rule 10b-5

Nexxen International Ltd. (AIM/NASDAQ: NEXN), a global, unified advertising technology platform with deep expertise in video and Connected TV ("CTV"), announces that pursuant to previously established non-discretionary plans to trade in the Company's Ordinary Shares in accordance with the terms of Rule 10b5-1 promulgated under the U.S. Securities Exchange Act of 1934, as amended (the "Rule 10b5-1 Plans"), Ofer Druker, the Company's Chief Executive Officer, has sold shares (the "Share Sale") of NIS0.01 each in the capital of the Company, in order to cover the tax obligations triggered by the vesting of RSUs announced on 26 March 2024. Full details of the Share Sale are detailed in the table below.

Director

Position

Ordinary Shares Sold

Share Sale Price

Resultant Holding

% of total voting rights

Ofer Druker

Chief Executive Officer

4,992

2,232

6,344

2,296

2,746

23,172

10,302

5,710

$2.4755

$2.4750

$2.5926

$2.6071

$2.5828

$2.5910

$2.6201

$2.5840

4,475,127

3.19%

 

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

 

KCSA (U.S. Investor Relations)
David Hanover, Investor Relations
nexxenir@kcsa.com

 

Vigo Consulting (U.K. Financial PR & Investor Relations)
Jeremy Garcia
Peter Jacob

Aisling Fitzgerald
Tel: +44 20 7390 0230 or nexxen@vigoconsulting.com

 

Cavendish Capital Markets Limited
Jonny Franklin-Adams / Charlie Beeson / George Dollemore (Corporate Finance)
Tim Redfern / Harriet Ward (ECM)
Tel: +44 20 7220 0500

 

About Nexxen International

Nexxen International empowers advertisers, agencies, publishers and broadcasters around the world to utilize video and Connected TV in the ways that are most meaningful to them. Comprised of a demand-side platform (DSP), supply-side platform (SSP), ad server and data management platform (DMP), Nexxen delivers a flexible and unified technology stack with advanced and exclusive data at its core. Our robust capabilities span discovery, planning, activation, measurement, and optimization - available individually or in combination - all designed to enable our partners to reach their goals, no matter how far-reaching or hyper niche they may be. For more information, visit nexxen.com.

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).

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ofer Druker

2. 

Reason for the Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nexxen International Ltd

b)

LEI

213800ZNSR7AIJZ2J557

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Restricted Stock Units over Ordinary Shares of NIS 0.01 each

Identification code

IL0011320343

b)

Nature of the transaction

Sale of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

$2.4755

$2.4750

$2.5926

$2.6071

$2.5828

$2.5910

$2.6201

$2.5840

4,992

2,232

6,344

2,296

2,746

23,172

10,302

5,710

d)

Aggregated information:

· Aggregated volume

· Price



57,794 Ordinary Shares

$149,190.81

 

e)

Date of the transaction

26 March 2024

27 March 2024

28 March 2024

1 April 2024

2 April 2024

3 April 2024

4 April 2024

5 April 2024

f)

Place of the transaction

NASDAQ Global Market

 

  

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