On September 25, 2024, Roger Hamilton, CEO and Director of Genius Group Limited, notified the company of his intention to exercise contractual rights to acquire approximately 5.5 million additional shares, which would increase his stake to over 20% of the issued share capital. This move would reinstate him as the largest shareholder. Hamilton also called for an Emergency Board Meeting to address recent allegations against certain board members and the conduct of an invalid board meeting. He emphasized the fiduciary duties of the board members and proposed the appointment of an independent US-based investigator to look into the allegations of misconduct and alleged fraud. Furthermore, Hamilton has taken legal action against Mr. Moe and Mr. Ritz for alleged misconduct and breaches of contract...Show More

On September 25, 2024, Roger Hamilton, CEO and Director of Genius Group Limited, notified the company of his intention to exercise contractual rights to acquire approximately 5.5 million additional shares, which would increase his stake to over 20% of the issued share capital. This move would reinstate him as the largest shareholder. Hamilton also called for an Emergency Board Meeting to address recent allegations against certain board members and the conduct of an invalid board meeting. He emphasized the fiduciary duties of the board members and proposed the appointment of an independent US-based investigator to look into the allegations of misconduct and alleged fraud. Furthermore, Hamilton has taken legal action against Mr. Moe and Mr. Ritz for alleged misconduct and breaches of contract, and is considering expanding this to include others potentially involved. He is also rallying a group of shareholders to potentially bring separate action for damages. Hamilton's letter to the board, intended as an open letter to all investors, underscores his commitment to the company and the need for trust and unity among the board and shareholders.