Genius Group announces extraordinary general meeting
GNS•Genius Group will hold an extraordinary general meeting in Singapore on December 29, 2026, to consider cancelling up to 27,387,374 Class A ordinary shares and authorize a further 1-for-3 to 1-for-19 share consolidation.
1. Meeting proposals
Genius Group said shareholders will consider cancelling 20,000,000 ERL-related Class A ordinary shares and up to 7,387,374 Class A ordinary shares held by LZG, measured before consolidation. Cancellation of the LZG shares would depend on their transfer or surrender to the company.
2. Consolidation authority
Shareholders will also consider authorizing a further 1-for-3 to 1-for-19 share consolidation, in one or two steps, within 18 months. The company said no further consolidation is currently planned and that the proposed cancellations would increase net asset value per share if net assets remain unchanged.
