Genius Group calls EGM to approve share buyback, cancels rights offering.

Core Viewpoint - Genius Group Limited has announced plans for a share buyback of up to 20% of its issued share capital and the creation of new classes of ordinary and preferred shares, in response to its current share price being significantly below its Bitcoin Treasury value and net asset value [1][4][8]. Group 1: Share Buyback and Rights Offering - The Board of Directors has called for an Extraordinary General Meeting (EGM) to authorize a share buyback of up to 20% of the issued share capital [1][8]. - The rights offering previously announced has been canceled due to the company's share price being below the exercise price [2][3]. - All subscription payments from holders who exercised their rights will be returned without interest or penalty [3]. Group 2: Financial Position and Strategy - The current market capitalization of Genius Group is reported to be 50% of the value of its Bitcoin Treasury and 30% of the company's net asset value [4]. - The company aims to increase its Bitcoin Treasury through reserves and other funding means [2]. - The CEO emphasized a strong growth plan for profitable growth in 2025, with expectations of building company value relative to asset and treasury growth [4]. Group 3: Upcoming EGM Details - The record date for the upcoming EGM is set for February 24, 2025 [5]. - Items to be voted on at the EGM include the approval for the share buyback, the issuance of a new class of preference shares with dividends, and a new class of ordinary shares that will carry 10 votes per share [8]. Group 4: Company Overview - Genius Group is a Bitcoin-first education group that provides AI-powered education and acceleration solutions, serving 5.4 million users in over 100 countries [6]. - The company focuses on personalized, entrepreneurial AI pathways that combine human talent with AI skills and solutions at various levels [6].