SINGAPORE, February 13, 2023 (GLOBE Newswire) — Genius Group Limited (NYSE: GNS) (“Genius Group” or the “Company”), a leading entrepreneurial edtech and education conglomerate, today issues a schedule of shareholder actions:
Wednesday, February 15TeaH4.15 p.m. EST: virtual investor meeting
The Company’s CEO, Roger Hamilton, will hold a virtual investor meeting to provide investors with an update about the Company, including an overview of Genius Group’s curriculum, metaversity and AI development plans, the Company’s recent spin-off of Entrepreneur Resorts Ltd. Description of off is included. Process for shareholders to redeem their $10 per share NFT coupons and an opportunity to answer questions and respond to shareholder inquiries.
A press release with details of the virtual investor meeting was issued on February 6, 2023 and can be found on our Investor Relations website. Investors can watch the meeting live at the following link:
ThursdayFebruary 1st6th8.00 AM EST: Extraordinary General Meeting (EGM)
The company will hold an extraordinary general meeting of shareholders to consider and vote on the share buyback mandate and share consolidation proposals. Shareholders (whether beneficial shareholders or shareholders of record) who have pre-registered their participation may participate, and the results of the votes will be published after the EGM.
The details regarding the EGM meeting and the resolutions were issued and filed on January 25, 2023 and can be accessed on our Investor Relations website.
Tuesdayfebruary 28th, Record Date for the $10 Per Share NFT Coupon
The Company is issuing $10 blockchain-based digital discount coupons (Non Fungible Tokens (“NFTs”) per ordinary share to all shareholders based on the number of shares held by them at the end of the trading day on Tuesday, February 28 (‘the record’) ‘ date’). The company has formally applied for dual listing on upstream exchange MERJ, where NFT coupons will be issued to shareholders.
Details regarding the Dual Listing and NFT Coupons were issued on February 2, 2023 and can be accessed on our Investor Relations website.
Wednesday, march 15th, Issue Date for $10 per share NFT Coupon
The Company has scheduled the date of issue of NFT Coupons from Wednesday, March 15. Once shareholders have received their $10 NFT coupons, they can redeem the tokens for GeM (Genius Education Merits) on GeniusU, the edtech platform of Genius Group. GEMs work as a digital credit system similar to airmiles or Roblox’s ‘Robux’ in which students earn GEMs which can then be redeemed for further courses or discounts on products.
Shareholders will have 90 days to convert their $10 NFT coupons to GeM through a simple login and credit process on GeniusU, and another 90 days to redeem their GeM. The GEMs are for the use of each of the Designated Investors and neither the $10 NFT Token or the GEMs may be transferred, traded or sold.
The Company will provide more information regarding the process for shareholders to claim and redeem their $10 NFT coupons at the Virtual Investor Meeting on Wednesday, February 15, 2023 and at the next Investor Virtual Investor Meeting to be held in March.
Q2 2023 (estimated): Record Date for Spinoff of Entrepreneur Resorts Ltd.
The company has initiated legal process for restructuring and capital reduction of the company to spinoff its subsidiary Entrepreneur Resorts Limited (ERL). ERL is a public listed company on the Seychelles MERJ stock exchange with a share price of $2.75 and a market cap of $37 million, with Genius Group holding 97% of the outstanding shares.
This process will be subject to shareholder approval at a future EGM and possibly court orders. If approved, this would result in all shareholders of Genius Group receiving the same percentage of shares in ERL. This will also require another record date on which all shares and shareholders of Genius Group will be counted for allotment of shares in ERL.
The process is estimated to take 3-4 months to complete, indicating an approximate timing of a record date at the end of the second quarter of 2023. However, the exact date could be earlier or later depending on the pace of restructuring and approval process.
This schedule of actions provides an updated timeline incorporating previously disclosed actions in the company’s press release. The company will continue to release additional actions and updates as they become available.
About Genius Group
Genius Group is a world leading entrepreneurial edtech and education conglomerate whose mission is to transform the current education model with a student-centric, life-long learning curriculum that equips students with the leadership, entrepreneurial and life skills to succeed in today’s marketplace. prepares together. The group has a group user base of 4.3 million users in 200 countries, ranging in age from 0 to 100.
For more information, please visit
investor information
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described in our most recent Annual Report on Form 20-F for the fiscal year ended December 31, 2021, which will be filed with the SEC on May 13, 2022. was filed with If any of these risks occur, our business, financial condition or results of operations will be affected. In that case, our securities may decline in value, and you may lose part or all of your investment. The risks and uncertainties we describe are not the only ones we face. Additional risks that are not currently known to us or that we currently believe to be immaterial may also affect our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to forecast future results. See “Forward-Looking Statements” below.
forward-looking statements
Statements made in this press release include revised statements within the meaning of Section 27A of the Securities Act of 1933, and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words. such as “may,” “will,” “plan,” “should,” “expect,” “estimate,” “estimate,” “continue,” or comparable vocabulary. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot anticipate with accuracy and some of which the Company cannot anticipate, and such factors include may cause actual results to differ materially from those projected or projected. suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above along with additional factors under the heading “Risk Factors” in the Company’s Annual Report on Form 20-F, As may be supplemented or modified by a foreign private issuer’s company’s report on Form 6-K. The company does not undertake any obligation to update or supplement forward-looking statements should they become untrue, whether as a result of subsequent events, new information or otherwise.
Contact
Investors:
Flora Hewitt, Vice President of Investor Relations and Mergers & Acquisitions
Email: [email protected]
Media Contact: Adia PR
Email: [email protected]
American Investors:
dave gentry
Redchip Companies Inc
1-800-RED-CHIP
[email protected]
Source: www.globenewswire.com
