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Genius Group's ( NYSE: GNS ) Board has received shareholders approval to execute a share repurchase mandate at such time that they may choose within the next 12 months.
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Additionally, the Board also has approval to execute a share consolidation at such time that they may choose within the next 12 months.
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“The Board thanks Genius Group’s shareholders for empowering Genius Group with additional mechanisms that the Company can use to protect shareholders and enhance shareholder value. At this immediate time, we have not set any timeline for the share buyback and share consolidation. We plan to monitor and assess the situation regularly to action them at the appropriate time,” said Roger Hamilton, CEO of Genius Group.
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Shares are trading up 8% .
For further details see:
Genius Group gains on shareholders approval for share buyback and share consolidation