BuybackJun 22, 2026, 08:02 AM
Genius Group removes 32.6M shares, 27% of public float, via buyback
AI Summary
Genius Group Limited announced the buyback of 6,037,851 Class A Ordinary Shares in a privately negotiated off-market transaction. This repurchase, combined with a previous buyback and share cancellation, has resulted in the removal of 32.6 million shares from the company's issued capital in the last 8 days, representing 27% of its public float. The company aims to continue reducing its share capital to increase Net Asset Value per Share, having completed 75% of its 43.3 million share removal target.
Key Highlights
- Genius Group bought back 6,037,851 Class A Ordinary Shares in an off-market transaction.
- This buyback, combined with a previous one, completes 96% of the 13.2 million share authorization.
- A total of 32.6 million shares have been removed from issued capital in the last 8 days.
- This removal is equivalent to 27% of the Company's public float.
- The 32.6 million shares represent 75% of the 43.3 million shares targeted for removal.
- The current buyback mandate expires on July 6, 2026.
- Shareholders will vote on a new buyback mandate of up to 20% at the July 7, 2026 AGM.
Price Impact
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