SCHEDULE 13G/A: Toscafund Entities Update Significant Stake in Nexxen International Ltd. to 8.6%

An amendment to Schedule 13G reveals that Toscafund Asset Management LLP and its related entities, including Martin Hughes, collectively hold an 8.6% beneficial ownership stake in Nexxen International Ltd. as of December 31, 2024.

Summary

• This document is Amendment No. 5 to a Schedule 13G filing concerning the Ordinary Shares (par value NIS 0.01) of Nexxen International Ltd.
• The filing updates the beneficial ownership percentages for a group of reporting persons, including Tosca Opportunity, Toscafund Asset Management LLP, Toscafund Limited, Old Oak Holdings Limited, and Martin Hughes.
• As of December 31, 2024, Toscafund Asset Management LLP, Toscafund Limited, Old Oak Holdings Limited, and Martin Hughes each beneficially own 11,214,317 shares, representing 8.6% of Nexxen International Ltd.'s outstanding class of securities.
• Tosca Opportunity separately beneficially owns 8,484,162 shares, which constitutes 6.5% of the class.
• The reporting persons certify that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer.
• All securities reported are directly owned by advisory clients of Toscafund Asset Management LLP, with Toscafund Limited, Old Oak Holdings Limited, and Martin Hughes potentially considered control persons of Toscafund Asset Management LLP.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a strong positive or negative sentiment. The maintenance of a significant stake by institutional investors is generally neutral to slightly positive.

Positives

• The filing provides increased transparency regarding significant institutional ownership in Nexxen International Ltd.
• The continued significant stake by Toscafund entities may signal ongoing confidence in the company's long-term prospects from a major institutional investor.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of significant beneficial ownership by institutional investors in a publicly traded company. It does not provide specific industry context beyond identifying Nexxen International Ltd. as the issuer, which operates in the digital advertising or technology sector based on its name and typical companies with this type of institutional ownership.

Stakeholder Impact

• Shareholders: Provides updated information on significant institutional ownership, which can influence market perception and liquidity.
• Investment Professionals: Offers data on institutional holdings for analysis of investor base and potential influence.

Key Dates

Keywords

Nexxen International Ltd., Toscafund Asset Management LLP, Schedule 13G/A, beneficial ownership, institutional investor, Ordinary Shares, SEC filing, Toscafund Limited, Old Oak Holdings Limited, Martin Hughes