Dutch Green Business Group N.V. (Euronext: DGB, “DGB” or “the Group”), a leading reforestation and carbon offsetting company, today announced the closing of a private investment in public equity (PIPE) in the Company. DGB received a total net commitment of up to EUR 6 million.
The investment is made by a consortium of Dutch-based accredited investors with investment expertise in emerging leaders in rapidly expanding sectors (the “Consortium”). This private placement facility will be used to finance further growth of the Company and development of its carbon offsetting marketplace.
The Consortium is committed to invest up to a maximum of EUR 6.0 million subject to certain conditions over a maximum period of 12 months. Pursuant to the terms of the investment agreement, the Company may draw the investment at the Board’s discretion in tranches of EUR 500,000 subject to operational and corporate requirements.
The principal amount of each share placement of ordinary shares of DGB (the “Ordinary Shares”) is determined by reference to the average of the lowest 5 trading day volume weighted average prices of Ordinary Shares on the Euronext Amsterdam Exchange over the 20 trading days immediately preceding the investment date of each tranche.
The first tranche of EUR 500,000 has disbursed today.
"This investment facility provides DGB with access to flexible funding at reasonable conditions. Under the current market conditions, this will enable the Group to further invest in the development of the trading platform for CO2 offsetting and at the same time to participate more frequently in large-scale CO2 reduction projects to increase our revenue and market share.," says Selwyn Duijvestijn, CEO of DGB.
Contact details:
Dutch Green Business Group N.V.
Selwyn Duijvestijn, Chief Executive
+31(0) 20 8080825 (NL)
+44(0) 20 8064 0936 (EN)
press@dgb.earth
About Dutch Green Business:
Dutch Green Business Group N.V. is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. DGB’s strategy is to participate in large forest carbon offset projects around the world that deliver commercial and environmental benefits. DGB’s vision is to be a leading high-impact investor in sustainably managed forests by providing competitive real investment returns for shareholders combined with high social impact. www.dgb.earth
Disclaimer:
This press release qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and contains inside information within the meaning of Article 7 paragraph 1 MAR. This press release does not contain (an invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB Group N.V. and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including with regard to the financial position of the DGB Group, the results it achieved and the business (ies) it runs. Forward-looking statements are all statements that do not relate to historical fact. These statements are based on information currently available and on forecasts and estimates made by DGB Group management. Although the DGB Group believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to, or contribute to, differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions . These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB Group are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation to do so, the DGB Group assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.
