DGB Group N.V. (“DGB”, “the Group”, or “the Company”) (Euronext: DGB: NL000916951), a leading carbon project developer and ecosystem restoration company, announces the initiation of a share buy-back programme, enhancing earnings per share and ultimately increasing shareholder value.
Key highlights
- Duration and scope: The buy-back is scheduled to start on Friday, 28 June 2024, and will continue until 27 December 2024, targeting up to 5.7 million ordinary shares (50% of DGB's issued share capital)—including both listed and unlisted shares.
- Pricing: Share purchases will be made at a price not exceeding 200% of the average market price on Euronext Amsterdam, calculated as the average highest price on each of the five trading days preceding the acquisition date.
- Authority and approval: This programme is authorised by the annual general meetings of shareholders which was held on 16 May 2024 and may be renewed or extended within the stipulated limits. All buy-back activities will adhere to market conditions and comply with relevant regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052.
- Notifications: Updates on the programme, including the commencement of share buy-backs, will be communicated through press releases in the Investors section of our corporate website.
"Our balance sheet allows us to start this share buy-back programme, seeing it as a smart move at today's company valuation. This action reflects our commitment to giving value back to our shareholders and shows our strong belief in DGB's future. We're investing in our company's success and making sure we continue to deliver real benefits to our shareholders”, stated Duijvestijn, CEO of DGB.
Contact for press enquiries
For more information about DGB's initiatives, please contact:
DGB GROUP NV
press@green.earth
+31320788118
Visit our website: https://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. The provision of DGB’s services and products is subject to its General Terms and Conditions.
