DGB Group N.V. (“DGB”) today publishes its annual report 2020.
Although the 2020 annual accounts have not (yet) been provided with an auditor's report, the board of DGB considers it important to inform shareholders of the content of the annual report and annual accounts.
The following should be noted with regard to this publication:
- On September 4, 2020, the extraordinary meeting of shareholders (EGM) approved the asset-liability transaction already announced in July 2020, whereby, among other things, all shares held by DGB Group in its subsidiaries (De Groene Belangenbehartiger BV, DGB Lease BV, Energy BV, Renewables BV, VIVA Veterinary BV and DeGroSolutions BV) have been sold. This transaction took place on the same day.
- The half-year report 2020 provides an overview of the financial data of the continuing operations and the discontinued operations with regard to the asset-liability transaction. This split provides insight into the nature and size of the discontinued activities. In the half-year report, the discontinued operations were still consolidated because on the reporting date DGB Group had (decisive) control. As of September 4, 2020, decisive control no longer applies, so that no consolidated data is presented.
- The company announced on September 10, 2020 its commitment to the mission and purpose of global reforestation, conservation, ecosystem restoration and advanced energy compensation services. Because this did not lead to acquisitions in 2020, only the holding activities are included in the 2020 annual report.
The complete annual report 2020 can be consulted via the website www.dgb.earth
CEO Duijvestijn said: “This was a crucial year for the group, as we have set the building blocks that will enable us to grow and deliver shareholder value. We can now start to accelerate the pace of global reforestation and how people can trade and participate in the fast-growing carbon offsetting market. The total value of the global CO2 market rose by 20% last year to a record amount of € 229 billion as a result of the expected tightening of the emission ceilings. This sector has thus completed its sixth year of consecutive growth. We expect to play an active role in opening up this market to more investors with a range of up-to-date reforestation projects and an easy-to-understand trading platform. ”
Dutch Green Business Group N.V.
Selwyn Duijvestijn, Chief Executive
+31 (0) 20 8080825 (NL)
+44 (0) 20 8064 0936 (EN)
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 has 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 could lead to, or contribute to, differences in current expectations include, but are not limited to: developments in legislation, technology, taxation, 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 for updating the forward-looking statements contained in this document.