DGB Group N.V. (“DGB”, “the Group” or ¨the Company¨) (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, appoints KPMG as independent audit firm for DGB Green Earth Limited - which holds all projects and activities for the Group. This marks a key step in the organizational restructuring plan of the Company to maintain a listing on a robust exchange. DGB announces the convocation of an Extraordinary General Meeting of Shareholders (”EGM”) to present next steps to its shareholders.
The engagement of KPMG completes the process of the Board of Directors to identify and appoint an independent audit firm for the activities of the Group.
DGB Green Earth Limited is headquartered in Dublin, Ireland, is wholly owned by DGB and acts as a holding company for all its subsidiaries, all its projects and all activities of the Group. KPMG will be auditing and reporting on the consolidated financial statements for the previous financial year and subsequent financial years.
The Board of Directors selected KPMG based on its reputation and scale of international capabilities.
‘KPMG is a well-respected top-tier global accounting firm with a strong practice. KPMG has worked with various businesses who operate in the carbon markets and the Irish team has been involved in this market since the early 2000s. KPMG offered us a fair fee and I am confident DGB will receive a first-class, efficient audit service, delivered by experts who have a deep knowledge of the origination and sale of carbon credits, that adds real value to our operations’, stated Duijvestijn, CEO of DGB Group.
On 13 April 2021 Euronext Amsterdam implemented a new rule, essentially meaning that companies without a Public Interest Entity audit firm face delisting. To comply with this policy, the engagement of KPMG marks a key step in DGB's organizational restructuring plan to maintain a listing on a strong exchange.
Following the appointment of an external audit firm, DGB convenes an EGM on 26 May 2023 to present its plan to its shareholders, ensuring they are fully informed throughout the process. The EGM’s full convocation notice, agenda and the explanatory notes thereto and further EGM materials, can be downloaded from DGB’s website.
Contact details:
Please note: DGB Green Earth Limited, headquartered in Dublin, Ireland, wholly owned by DGB GROUP NV and acting as holding company for all subsidiaries, all projects and all activities of the Group, signed an Audit Engagement Letter with KPMG Ireland. For more information, please contact DGB via email at press@green.earth or via phone at +31108080126.
About DGB:
DGB is a project developer of high-quality large-scale carbon and biodiversity projects accredited by third parties. The Group is focused on nature conservation and helping biodiversity flourish by assisting governments and corporations in achieving net zero. Global megatrends drive the demand for carbon credits and underpin the growth opportunities. DGB GROUP NV is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. www.green.earth
Disclaimer:
This press release contains no (invitation to make an) offer to buy or sell or otherwise acquire or subscribe for shares in DGB Group NV and is not advice or recommendation as to whether action should be taken. This press release contains statements that may be interpreted as forward-looking statements, inter alia relating to the financial position of the DGB Group, the results achieved, and the company(ies) it operates. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and on forecasts and estimates made by the management of the DGB Group. 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 can be construed as forward-looking statements. Factors that can lead to, or contribute to, differences in current expectations include developments in legislation, technology, taxation, regulation, fluctuations in stock prices, legal proceedings, regulatory investigations, competitive conditions, and general economic conditions. These and other factors, risks, and uncertainties that may affect forward-looking statements or the actual results of DGB Group are discussed in the Annual Report. The forward-looking statements in this document apply only as of the date of this document. Subject to any legal obligation to do so, the DGB Group accepts no obligation or responsibility to update the forward-looking statements contained in this document, whether they relate to new information, future events or otherwise.
