Genius Group Announces Cancellation of Extraordinary General Meeting Scheduled On 18 September 2024
Genius Group (NYSE American: GNS), an AI-powered education company, has cancelled its Extraordinary General Meeting (EGM) scheduled for September 18, 2024. The meeting was originally planned to discuss a Proposed Share Consolidation. The board of directors made this decision after considering feedback from stakeholders and has chosen not to proceed with the share consolidation at this time. Shareholders are advised that the Notice of EGM has been withdrawn, and any previously submitted proxy forms will be cancelled. The company urges shareholders to read this announcement carefully and consult with financial advisors if they have any questions about the implications of this cancellation.
Genius Group (NYSE American: GNS), un'azienda educativa alimentata dall'IA, ha annullato la sua Assemblea Straordinaria (EGM) prevista per il 18 settembre 2024. L'incontro era inizialmente pianificato per discutere una Proposta di Consolidamento delle Azioni. Il consiglio di amministrazione ha preso questa decisione dopo aver considerato il feedback degli stakeholder e ha scelto di non procedere con il consolidamento delle azioni in questo momento. Si informa gli azionisti che l'Avviso di EGM è stato ritirato e tutti i moduli di delega precedentemente inviati saranno annullati. L'azienda esorta gli azionisti a leggere attentamente questo annuncio e a consultare consulenti finanziari se hanno domande sulle implicazioni di questa cancellazione.
Genius Group (NYSE American: GNS), una empresa de educación impulsada por IA, ha cancelado su Junta General Extraordinaria (EGM) programada para el 18 de septiembre de 2024. La reunión estaba originalmente planeada para discutir un Propuesta de Consolidación de Acciones. La junta directiva tomó esta decisión después de considerar los comentarios de los interesados y ha optado por no proceder con la consolidación de acciones en este momento. Se informa a los accionistas que el Aviso de EGM ha sido retirado, y cualquier formulario de poder previamente enviado será cancelado. La empresa insta a los accionistas a leer este anuncio detenidamente y consultar con asesores financieros si tienen alguna pregunta sobre las implicaciones de esta cancelación.
Genius Group (NYSE American: GNS), AI 기반 교육 회사,은 2024년 9월 18일로 예정된 임시총회(Extraordinary General Meeting, EGM)를 취소했습니다. 이 회의는 주식 통합 제안(Proposed Share Consolidation)을 논의하기 위해 예정되었습니다. 이사회의 결정은 이해 관계자들의 피드백을 고려한 결과이며, 현재로서는 주식 통합을 진행하지 않기로 선택했습니다. 주주들은 EGM 통지가 철회되었음을 알립니다, 이전에 제출된 모든 위임장도 취소됩니다. 회사는 주주들에게 이 발표를 주의 깊게 읽도록 권장하며, 이 취소의 의미에 대해 질문이 있는 경우 재정 고문과 상담할 것을 권장합니다.
Genius Group (NYSE American: GNS), une entreprise d'éducation alimentée par l'IA, a annulé sa Réunion Générale Extraordinaire (EGM) prévue pour le 18 septembre 2024. La réunion était initialement prévue pour discuter d'une Proposition de Consolidation d'Actions. Le conseil d'administration a pris cette décision après avoir pris en compte les retours des parties prenantes et a choisi de ne pas procéder à la consolidation des actions pour le moment. Les actionnaires sont informés que l'Avis d'EGM a été retiré, et tous les pouvoirs de vote préalablement soumis seront annulés. L'entreprise encourage les actionnaires à lire attentivement cet avis et à consulter des conseillers financiers s'ils ont des questions concernant les implications de cette annulation.
Genius Group (NYSE American: GNS), ein KI-gestütztes Bildungsunternehmen, hat seine Außerordentliche Hauptversammlung (EGM) abgesagt, die für den 18. September 2024 geplant war. Die Sitzung sollte ursprünglich eine Vorgeschlagene Aktienkonsolidierung besprechen. Der Vorstand hat diese Entscheidung getroffen, nachdem er das Feedback der Interessengruppen berücksichtigt hat und hat sich entschieden, zum jetzigen Zeitpunkt nicht mit der Aktienkonsolidierung fortzufahren. Die Aktionäre werden darauf hingewiesen, dass die Einladung zur EGM zurückgezogen wurde und alle zuvor eingereichten Vollmachtserklärungen storniert werden. Das Unternehmen fordert die Aktionäre auf, dieses Announcement sorgfältig zu lesen und sich bei Fragen zu den Auswirkungen dieser Absage an Finanzberater zu wenden.
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SINGAPORE, Sept. 16, 2024 (GLOBE NEWSWIRE) -- 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) 259-4987
GNS@mzgroup.us
www.mzgroup.us
FAQ
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