Genius Group Limited Share Buyback
Genius Group Limited announced the completion of its first tranche of share buyback, repurchasing 6,600,000 Class A Ordinary Shares. This represents 50% of the 13.2 million shares authorized for buyback by the Board of Directors on June 7, 2026. The shares were bought in a private, off-market transaction at a price below the recent trading price, leading to immediate accretion in Net Asset Value per Share (NAVPS). The company intends to cancel these shares, reducing its issued share capital. Genius Group has identified an additional 36.7 million shares for potential removal from issued capital, which includes shares authorized but not yet repurchased and shares targeted for retirement through arbitration proceedings. In total, up to 43.3 million shares, approximately 36% of the company's public float, are targeted for removal. The company aims to complete as much of the remaining mandate as practical before its expiry on July 6, 2026. Shareholders will be asked to approve a further buyback mandate of up to 20% of issued shares at the Annual General Meeting on July 7, 2026.