BuybackJun 22, 2026, 08:47 AM
Genius Group Buys Back 6M Shares; 32.6M Removed in 8 Days
AI Summary
Genius Group Ltd announced it bought back 6,037,851 Class A Ordinary Shares in a privately negotiated transaction. This repurchase, combined with a previous one, completes 96% of the 13.2 million share buyback authorized by the Board. In total, 32.6 million shares have been removed from the company's issued capital in the last 8 days, representing 27% of its public float, with the aim of increasing Net Asset Value per Share.
Key Highlights
- Genius Group bought back 6,037,851 Class A Ordinary Shares in a privately negotiated transaction.
- This buyback, combined with a previous one, represents 96% of the 13.2 million share buyback authorized on June 7, 2026.
- The company will cancel the 6,037,851 shares, reducing its issued share capital.
- A total of 32.6 million shares have been removed from the company's issued capital in the last 8 days.
- This 32.6 million share reduction is equivalent to 27% of the company's public float.
- The company has identified up to 43.3 million shares for removal, with 75% already removed.
- Shareholders will vote on a new buyback mandate of up to 20% of issued shares at the July 7, 2026 AGM.
Price Impact
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