Genius Group approves share buyback for 20% of issued shares

Core Points - Genius Group Limited announced a significant shareholder vote, with 97.5% in favor of a share buyback [1] - The buyback will be for up to 20% of the Company's shares, adhering to Singapore law and relevant securities regulations [2] - The Company is facing legal challenges due to a Preliminary Injunction from a U.S. court, affecting its ability to issue shares for employee compensation [3] - To comply with Singapore laws, the Company will pay employee compensation in cash instead of shares, allowing employees to reinvest in the Company [4] - CEO Roger Hamilton emphasized the support from shareholders for the buyback, despite legal restrictions on selling shares [5] - Genius Group operates as a Bitcoin-first education group, serving 5.4 million users globally with AI-powered solutions [6]