Genius Group Provides Update on ERL Spinoff
September 25 2023 - 5:00PM
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading entrepreneur edtech and education group,
announces that the commencement date to claim the Entrepreneur
Resorts Ltd (“ERL”) spinoff shares is on September 26, 2023, with
the distribution date for the spinoff shares to commence on 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 the
dividend will receive restricted shares in ERL, which may be
eligible for removal of restrictions beginning six months after the
share distribution date, if certain requirements are met.
Genius Group will have no further contact with
Upstream as a result of the previously announced delisting. It will
not be involved with or take part in any listing of the shares of
its spun 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 entrepreneur Edtech
and education group, with a mission to disrupt the current
education model with a student-centered, life-long learning
curriculum that prepares students with the leadership,
entrepreneurial and life skills to succeed. Through its learning
platform, GeniusU, the Genius Group has a member base of 4.5
million users in 200 countries, ranging from early age to 100.
For more information, please visit
https://www.geniusgroup.net/
Investor Notice
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 amended for the fiscal year ended December 31, 2022, filed with
the SEC on June 6, 2023 and August 3, 2023. If any of these risks
were to occur, our business, financial condition or results of
operations would likely suffer. In that event, the value of our
securities could decline, and you could lose part or all of
your investment. The risks and uncertainties we describe are not
the only ones facing us. Additional risks not presently known to us
or that we currently deem immaterial may also impair 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 anticipate results in the future. See
"Forward-Looking Statements" below.
Forward-Looking Statements
Statements made 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
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company's Annual Reports on Form
20-F, as may be supplemented or amended by the Company's Reports of
a Foreign Private Issuer on Form 6-K. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or
otherwise.
Contacts
Investors:Flora Hewitt, Vice President of Investor Relations and
Mergers and AcquisitionsEmail: investor@geniusgroup.net
Media Contact:Adia PREmail: gns@adiapr.co.uk
US Investors:Dave Gentry, RedChip Companies
Inc1-800-RED-CHIPGNS@redchip.com
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