DGB Group N.V. (“DGB”, “the Group” or ¨the Company¨) (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, extends the maturity date of €400,000 of convertible debt and lowers the conversion price.
On 1 February 2023, DGB issued convertible bonds. The maturity date has been extended from 31 May 2023 to 31 July 2023, and the conversion price has been reduced to €0.47. These convertible bonds may be converted early at the discretion of the holder, who also retains the right to request a cash redemption on 1 August 2023 if no prior conversion request has been made. The loan notes carry no interest rate.
Due to the unavailability of a suitable Public Interest Entity audit firm in the Netherlands (“PIE audit firm”), DGB does not comply with Euronext Amsterdam's Rule 61003/2, which requires audited annual reports. On 13 April 2021, Euronext Amsterdam implemented a new rule, essentially meaning that companies without a PIE audit firm face delisting. The effective date of delisting is currently scheduled for 6 November 2023. DGB's Executive Board is committed to maximising the company's listing potential on the Amsterdam market, but also emphasises to shareholders the gravity of the 6 November 2023 deadline and advises them to stay updated with forthcoming communications.
Contact details:
DGB GROUP NV
press@dgb.earth
+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 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. Website: www.green.earth
Disclaimer:
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 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 about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB’s management. Although DGB 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 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, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.
