Genius Group confirmed the purchase by Roger Hamilton, its CEO, of 500,000 ordinary shares from the Company. The purchase of the ordinary shares was approved by the Board on August 9, 2024 at a per share price equal to 105% of the closing price on the prior trading day to the date of purchase, in a combination of cash and conversion of debt due from the Company. Based upon the closing price on the prior trading day prior to the date Roger Hamilton provided notice of intent to purchase, which was September 24, 2024, Mr. Hamilton is acquiring the shares today at a purchase price of $0.91 per share. The most recent application to the company follows a series of funding rounds Mr. Hamilton has personally made in the company over the last twelve months, including over $2.1 million in funding via an interest free loan in the fourth quarter of 2023, participation in the Company’s funding round in January 2024 with a $1.0 million equity purchase, and a further $330,000 interest free loan in July 2024.
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