Genius Group initiates 20% share buyback, buys back 1M shares

Genius Group (GNS) announced that further to receiving shareholder and board approval for a share buyback of up to 20% of the company’s issued ordinary shares, on July 9, the company bought back one million shares of its stock on the open market at an average price of $1.30 per share. At Genius Group’s Annual General Meeting on July 7, shareholders voted 98.8% in favor of a proposed share buyback mandate to buy back up to 20% of the company’s issued ordinary shares at any time over the next twelve months or until the company’s next AGM. On July 9, the company’s CEO, Roger Hamilton, executed a buy back of 1M shares of the company’s ordinary shares at an average price of $1.30 per share. The 1M repurchased shares represent 7% of the permitted shares to be repurchased based on the approved share buy back mandate.