Genius Group approves share buyback for 20% of issued shares

Genius Group (GNS) announced that shareholders voted 97.5% in favor of a share buyback. Based on receiving shareholder approval at its April 7, 2025, the Company’s Board has instructed management to proceed with the share buyback, with the timing of the buyback at the management’s discretion. The buyback is for up to 20% of the Company’s shares, which is the maximum permitted by Singapore law to be approved at an EGM and shall be effected in compliance with any and all Singapore, federal securities law and NYSE requirements. Furthermore, the Company has previously reported it has been unable to issue shares related to its long-standing employee share compensation plan, in compliance with Singapore employment laws as a result of the Preliminary Injunction issued by the United States District Court Southern District of New York, which has been in effect since March 13, 2025. To regain legal compliance in Singapore, the Company’s Board has approved for all compensation that should have been paid through share issuances to be paid in cash instead, and it has granted permission for the effected employees to voluntarily reinvest their respective cash payouts into shares of the Company by purchasing shares directly on the open market as individual investors, subject to applicable securities laws.