Genius Group Founder & CEO Roger James Hamilton To Purchase Up To 10M Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
Genius Group Limited (NYSE:GNS) announced that its Founder & CEO, Roger James Hamilton, will purchase up to 10 million ordinary shares of the company. The shares will be bought at 105% of the closing price on the prior trading day, using a combination of cash and debt conversion. The purchase may occur in multiple tranches as approved by the NYSE.
August 09, 2024 | 5:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Genius Group's Founder & CEO, Roger James Hamilton, will purchase up to 10 million shares at 105% of the prior day's closing price. This move is likely to positively impact the stock price in the short term.
The purchase of up to 10 million shares by the CEO at a premium price indicates strong insider confidence in the company's future. This is likely to be perceived positively by the market, leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100