DGB GROUP N.V. (Euronext: DGB, “DGB” or “the Company”) announces the convocation of an Extraordinary General Meeting of Shareholders (”EGM”), to be held virtually on 30 December 2021 at 9:00 am (CET).
At the EGM, the shareholders of DGB will be asked to vote on the proposal to amend the Company’s articles of association (the “Articles of Association”), which amendment entails an adjustment of the Group’s financial year.
If this proposal to amend the Articles of Association is adopted, the Company’s financial year will run from 1 July to 30 June (instead of being equal to a calendar year), and the current financial year 2021 will be an extended financial year of 18 months from 1 January 2021 up to and including 30 June 2022.
The extension of the financial year is necessary in view of the very limited number of PIE audit firms in the Netherlands, and the fact that the Company has not yet been successful in appointing an audit firm for the audit of the annual accounts for the current financial year 2021. Based on the feedback of the PIE audit firms, capacity of audit professionals has been a regular argument for not accepting the engagement. With the amendment of the financial years the Company wants to address this capacity issue at the PIE audit firms.
The EGM’s full convocation notice, agenda and the explanatory notes thereto and further EGM materials, including the draft deed of amendment of the Articles of Association, can be downloaded from DGB’s website www.dgb.earth.
Selwyn Duijvestijn, CEO
DGB GROUP N.V.
+31 (0) 20 8080825 (NL)
+44 (0) 20 8064 0936 (EN)
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.
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.