Genius Group Cancels General Meeting to Reassess Share Strategy

Genius Group Cancels Upcoming Meeting

SINGAPORE -- Genius Group Limited (NYSE American: GNS), a leading provider of AI-powered educational solutions, has announced the cancellation of its extraordinary general meeting originally scheduled for 18 September 2024. This decision reflects the Board's further deliberation concerning the evolving needs and feedback from the company’s stakeholders.

Details of the Cancellation

The extraordinary general meeting was intended to discuss the highly anticipated Proposed Share Consolidation as outlined in the Notice of EGM dated 16 August 2024. This meeting was set to take place at Genius Central Singapore Pte Ltd and was planned for 4:00 PM Singapore time. However, the Board concluded that it would not proceed with the consolidation plan at this point in time.

Understanding the Decision

The decision to cancel the meeting underscores the company’s prioritization of stakeholder feedback and strategic alignment. By engaging in a thorough review process, Genius Group aims to position itself optimally for future growth and development. The Board, comprised of experienced Directors, assessed various factors before concluding that a temporary halt on the Proposed Share Consolidation would be in the best interests of the shareholders and the company's strategic goals.

Implications for Shareholders

Shareholders should be aware that any proxy forms previously submitted for the extraordinary general meeting are now void. As the company continues to navigate through these changes, shareholders are encouraged to stay updated with company announcements. They are urged to consult their financial advisors for guidance on their investments and the company’s future direction.

Company Overview

Genius Group (NYSE: GNS) is dedicated to reshaping education through its innovative AI-powered platforms. With a reach encompassing over 5.4 million users in more than 100 countries, the company embraces a holistic approach by creating a digital marketplace focused on AI training and tools. It combines AI capabilities with traditional educational methods, fostering a new generation of entrepreneurial skills suitable for today’s workforce.

Looking Ahead

The cancellation of the extraordinary general meeting provides an opportunity for Genius Group to reflect on the potential paths available to enhance shareholder value. With the landscape of educational solutions rapidly changing due to technological advancements, the company remains committed to evolving its offerings to meet the demands of a global audience.

Engagement with Stakeholders

In recognizing the necessity for communication with shareholders, Genius Group emphasizes its dedication to transparency and inclusivity in decision-making processes. The management team encourages shareholders to actively engage, share their perspectives, and participate in future discussions as the company progresses toward its strategic objectives.

Frequently Asked Questions

Why was the extraordinary general meeting canceled?

The meeting was canceled due to the Board’s decision to reassess the Proposed Share Consolidation after considering feedback from shareholders.

What does this mean for shareholders?

Shareholders should note that previously submitted proxy forms for the meeting will not be valid, and they are urged to stay informed about future announcements.

What is Genius Group’s focus?

Genius Group focuses on providing AI-powered education solutions, aiming to equip individuals with the skills necessary for the future of work.

How can shareholders get updates from Genius Group?

Shareholders can stay updated by closely monitoring company announcements and by consulting with their financial advisors regarding their investments.

What are the future plans for Genius Group?

The company intends to reflect on its strategies and make informed decisions about its offerings to maximize shareholder value and adapt to market trends.

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