Dutch Green Business Group N.V. (Euronext: DGB, “DGB”) signs a letter of agreement for land sourcing and acquisition with a specialist company in the field of corporate carbon offset programs through natural carbon sequestering and forest conservation (“the Company”).
The Company intends to work with DGB to source and acquire native forest land in order to develop nature based carbon sequestration projects. The Company partners with native forest landowners for Verified Carbon Standard (VCS) and Climate, Community & Biodiversity Standards (CCBS) project development, validation, and monitoring, reporting and verification.
DGB hires the Company to perform due diligence and to acquire native forest land to generate and certify carbon offsets from forest conservation and restoration activities. The Company will source, and negotiate against specifically agreed upon criteria, large-scale native forest land of at least 50.000 hectares for DGB’s acquisition. The Company will further facilitate negotiations on price and all due diligence related work for the considered land acquisitions.
The Company CEO: “We share the vision that in today’s world, carbon sequestration with social and biodiversity high-impact investments are urgently needed, and such investments must provide competitive economic returns. We are therefore extremely pleased to be associated with DGB in the sourcing and protection of large-scale native forest land.”
All outcomes of the land sourcing and due diligence into native forest land are pending shareholder approval. As announced on December 24th, 2020, the Board of Directors wishes to present an alternative to the distribution of special dividend and the liquidation of DGB as announced by the previous Board of Directors on 14 July 2020. The vision for the company is to stay a leading high-impact investor by providing competitive real investment returns for its shareholders. At the AGM on 4 February 2021 at 2:00pm CET the Board of Directors presents its plan to protect and reforest the world’s land at a scale never before achievable and to bring back nature where it cannot come back unaided. Shareholders will be able to vote on the global reforestation project.
DGB GROUP NV
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.
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 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.