Singapore, September 25, 2023 (GLOBE NEWSWIRE) — Genius Group Limited (NYSE: GNS) (“Genius Group” or the “Company”), a leading entrepreneurial edtech and education group, announces the commencement of the spin-off of Entrepreneur Resorts Ltd (“ERL”) The allotment date for spin-off shares dated September is October 2, 2023, and the allotment date for spin-off shares is October 2, 2023. Shareholders can find detailed instructions on how to claim their ERL shares on the ERL Investor Relations website.
All Genius Group shareholders entitled to receive dividends will receive restricted shares of ERL, which may be eligible for derestriction beginning six months after the date of the stock distribution, if certain requirements are met.
Due to the previously announced delisting, Genius Group will have no further engagement with Upstream. It will not participate in or participate in any listing of the shares of its spin-off subsidiary ERL on Upstream or any other exchange, which will be the sole responsibility of ERL.
About Genius Group
Genius Group is a leading entrepreneurial edtech and education group with a mission to disrupt the current education model through student-centered, lifelong learning programs that help students develop successful leadership, entrepreneurship and life skills. Through its learning platform GeniusU, Genius Group has 4.5 million users in 200 countries, ranging in age from toddlers to 100 years old.
For more information, please visit https://www.geniusgroup.net/
Notice to investors
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described in our most recent Annual Report on Form 20-F, as revised for the fiscal year ended December 31, 2022, And filed with the SEC in June on June 6, 2023 and August 3, 2023. If any of these risks occur, our business, financial condition or results of operations could be affected. In such event, the value of our securities may decline and you may lose some or all of your investment. The risks and uncertainties we have described are not the only risks and uncertainties we face. Additional risks that we are not currently aware of or that we currently believe are immaterial could also harm our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to predict future results. Please see “Forward-Looking Statements” below.
Statements 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 similar terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot accurately predict and some of which the Company may not even anticipate, and involve risks that may cause actual results to differ from those of Factors causing material differences in forecasts or forecasts. suggestion. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors described above and other factors under the heading “Risk Factors” in the Company’s Annual Report on Form 20-F (as may be supplemented) or in accordance with the Company’s Foreign Private Offerings on Form 6-K Report for revision. The Company undertakes no obligation to update or supplement forward-looking statements that may become untrue as a result of subsequent events, new information or otherwise.
Flora Hewitt, Vice President, Investor Relations and M&A
Media contact information:
Dave Gentry, Red Chip
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