08:54 AM EST, 11/20/2025 (MT Newswires) -- Nexxen ( NEXN ) said Thursday it plans a new ordinary share repurchase program for up to $40 million to follow its existing buyback.

Nexxen ( NEXN ) said that as an Israeli company, it must wait for a 30-day creditor objection period to pass and also secure consent from its bank lenders before starting the program.

The planned buyback would not require the purchase of a set number of shares and could be paused, altered or ended at any time in line with legal and blackout rules, Nexxen ( NEXN ) said.

Shares bought under the program will be classified as dormant shares under Israeli Companies Law and held in treasury without rights, it said.

Shares of the company were up 2.2% in recent Thursday premarket activity.