Genius Group Founder & CEO Roger James Hamilton to Purchase up to 10 Million Shares
09 August 2024 - 7:14PM
Genius Group Limited (NYSE American: GNS) (“Genius Group” or
the “Company”), a leading entrepreneur edtech and education group,
announced today that its Board has approved the purchase of up to
10 million ordinary shares of the Company by Founder & CEO
Roger James Hamilton.
The shares – to be purchased at 105% of the
closing price on the prior trading day – will be issued and paid
for by a combination of cash and conversion of debt due from the
Company, and may be executed over one or more tranches as approved
by the NYSE.
Roger Hamilton, CEO of Genius Group,
said: “I founded this company to make a positive impact to
humanity through AI powered education. Now that the AI Revolution
is fully underway, I believe Genius Group has an extremely bright
future as a potential leader in its field.”
“I proposed this additional share purchase to
the board to illustrate my ongoing commitment and confidence in
Genius Group as its Founder and CEO. I’m grateful that they have
approved it, and I look forward to continuing on our growth journey
together,” concluded Hamilton.
With regard to the post by Mr. Hamilton on the X
platform on August 7, 2024, any commentary regarding potential
numbers of students and revenue goals, which had previously been
referenced in press releases, is hereby qualified in that the
Company confirms that such statements were not intended as and do
not constitute financial projections with regard to the Company or
its growth.
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
This press release contains certain
forward-looking statements within the meaning of the U.S. federal
securities laws, including (without limitation) statements
regarding our or our management’s expectations, hopes, beliefs,
intentions or strategies regarding the future and other statements
that are other than statements of historical fact. In addition, any
statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements.
Forward-looking statements are generally identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result”
and similar expressions, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions and, as a result, are subject to risks and
uncertainties.
Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: the Company’s goals and
strategies; the Company’s future business development; changes in
demand for online learning; changes in technology; fluctuations in
economic conditions; the growth of the online learning industry the
United States and the other markets the Company serves or plans to
serve; reputation and brand; the impact of competition and pricing;
government regulations; and assumptions underlying or related to
any of the foregoing and other risks contained in reports filed by
the Company with the Securities and Exchange Commission (the
“SEC”). For these reasons, among others, investors are cautioned
not to place undue reliance upon any forward-looking statements in
this press release. Additional factors are discussed in the
Company’s filings with the SEC, which are available for review
at www.sec.gov. The Company undertakes no obligation to
publicly update these forward-looking statements to reflect events
or circumstances that arise after the date hereof.
Investor Relations
MZ Group - MZ North America(949)
259-4987GNS@mzgroup.uswww.mzgroup.us
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