Genius Group Announces Cancellation of Extraordinary General Meeting Scheduled On 18 September 2024
17 September 2024 - 6:15AM
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading AI-powered education group, today announced
cancellation of Extra Ordinary General Meeting scheduled on 18
September, 2024.
The board of directors (the “Board” or the
“Directors”) of Genius Group Limited (the “Company”) refers to the
Company’s Notice of Extraordinary General Meeting dated 16 August
2024 (“Notice of EGM”) convening an extraordinary general meeting
to be held on 18 September 2024 at 4:00 PM (Singapore time) at
Genius Central Singapore Pte Ltd, 7 Amoy Street #01-01 Far East
Square Singapore 049949 (“EGM”) in relation to the Proposed Share
Consolidation, as detailed in the Notice of EGM (all capitalized
terms used and not defined herein are used as defined in the
aforementioned Notice).
Upon further deliberation and following
consideration of the feedback received from certain of the
Company’s stakeholders, the Board has decided not to proceed with
the Proposed Share Consolidation for the time being.
Accordingly, the Company wishes to withdraw its
Notice of EGM, and shareholders of the company (“shareholders”) are
to note that as at the date of this announcement, the EGM that was
intended to be convened on 18 September 2024 has been
cancelled.
Shareholders should take note that proxy forms
already submitted in relation to the EGM will be cancelled.
Shareholders are advised to read this
announcement and any further announcements by the Company
carefully. Shareholders should consult their stockbrokers, bank
managers, solicitors or other professional advisors if they have
any doubt about the actions they should take.
About Genius Group
Genius Group (NYSE: GNS) is a leading provider
of AI powered, digital-first education and acceleration solutions
for the future of work. Genius Group serves 5.4 million users in
over 100 countries through its Genius City model and online digital
marketplace of AI training, AI tools and AI talent. It provides
personalized, entrepreneurial AI pathways combining human talent
with AI skills and AI solutions at the individual, enterprise and
government level. To learn more, please
visit www.geniusgroup.net.
Forward-Looking Statements
Statements made in this press release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and 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,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company's Annual Reports on Form
20-F, as may be supplemented or amended by the Company's Reports of
a Foreign Private Issuer on Form 6-K. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or
otherwise.
Contacts
MZ Group - MZ North America(949)
259-4987GNS@mzgroup.uswww.mzgroup.us
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