Genius Group Buys Back 6,600,000 Company Shares
Genius Group completed the first tranche of its board-authorized buyback, repurchasing 6.6 million Class A Ordinary Shares in a private off-market transaction. The repurchase price was below recent trading levels, providing immediate accretion to Net Asset Value per Share (NAVPS). The company will cancel these shares, reducing issued capital.
Key figures
- Shares Offered
- 6600000
- Erl identified shares
- 30100000
- Percent of public float
- 36%
- Remaining mandate shares
- 6600000
- Total shares targeted for removal
- 43300000
AI analysis
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