Dutch Green Business Group N.V. (“DGB”, “DutchGreen” or “the Group”) (Euronext: DGB), a leader in carbon offsetting and ecosystem restoration company, has raised over €750,000 with the issue of convertible green bonds.
Investors in this green impact bond receive a return of 6% per annum with a maturity of 4 years and the notes contain a mandatory conversion into DGB equity shares on 30 September 2025 at a price of €2.00. The closing price of DGB on March 21nd, 2022 (yesterday) was €0,935.
Because of the mandatory conversion into DGB shares this instrument will classify as equity, except for the interest payments. This strengthens the solvability of the group.
Proceeds from this green impact bond will primarily be used to finance further expansion of DGB’s project pipeline of large-scale carbon projects. This is necessary because of the strong growth in the voluntary carbon markets and the related demand for carbon credits.
Selwyn Duijvestijn, CEO of Dutch Green Business, said: “It’s great to see so many people investing in nature and ecosystem restoration. With the proceeds from this bond issue, we can further expand the capacity of our project pipeline of nature-based solutions. We are keen to move forward with our high impact carbon projects with the tree planting and the manufacturing and distribution of energy-efficient cookstoves. Further Mr. Duijvestijn stated that he is honored with the faith bond holders showed in the Company that after receiving the interest of 6% per annum the share price will increase at the level of the mandatory conversion price.”
Investors can participate in the Convertible Green Impact Bonds until April 30th, 2022 via https://invest.dgb.earth
- Investor dashboard: https://invest.dgb.earth
DGB GROUP NV
+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.