SCHEDULE: Toscafund Group Discloses 5.5% Stake in Nexxen International

Toscafund Asset Management LLP and its affiliates have reported a 5.5% beneficial ownership stake in Nexxen International Ltd., holding 3,193,481 ordinary shares.

Summary

• Toscafund Asset Management LLP, Toscafund Limited, Old Oaks Holdings Limited, and Martin Hughes collectively reported beneficial ownership of 3,193,481 ordinary shares of Nexxen International Ltd.
• This represents 5.5% of the class of securities, with a par value of NIS 0.02 per share.
• The reporting persons share both voting and dispositive power over all 3,193,481 shares, with no sole voting or dispositive power.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Toscafund Asset Management LLP is identified as the relevant entity for which Toscafund Limited, Old Oaks Holdings Limited, and Martin Hughes may be considered control persons.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor and does not contain information that would inherently be positive or negative for the company's operational performance or financial health.

Positives

• The disclosure of a significant institutional investor holding a 5.5% stake may signal confidence in Nexxen International Ltd. from a prominent investment group.

Negatives

• No specific negative information regarding Nexxen International Ltd.'s operations or financial health is contained within this ownership disclosure.

Risks

• The filing itself does not detail operational or financial risks for Nexxen International Ltd.
• The primary risk related to this filing is the potential for future changes in ownership by this significant holder, which could impact the company's share price.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Nexxen International Ltd.'s future performance or operations.

Industry Context

This filing is a standard disclosure of significant ownership by an institutional investor and does not provide specific insights into broader industry trends or the competitive landscape for Nexxen International Ltd.

Related Party Transactions

• All reported securities are directly owned by advisory clients of Toscafund Asset Management LLP. None of those advisory clients or accounts are deemed to beneficially own more than 5% of the class, except as reported in this filing.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and trading activity.
• Management: Awareness of a significant shareholder's position and potential influence.

Key Dates

Keywords

Nexxen International Ltd., Toscafund Asset Management, Schedule 13G, Beneficial Ownership, Institutional Investor, Ordinary Shares, M8T80P204, Investment Adviser, Shareholder Disclosure