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Press Release Dec 24, 2020 6:01:55 PM 9 min read

DGB convenes its Annual General Meeting of shareholders

DGB GROUP N.V. (Euronext: DGB, “DGB”) announces the convocation of its Annual General Meeting of shareholders (”AGM”), which will take place on 4 February 2021 at 2:00pm CET. As announced on 10 September 2020, the Board of Directors, after careful consideration of the strategic, economic and financial aspects for all stakeholders involved, 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 alternative proposed by the Board of Directors involves the task and goal of global reforestation, nature preservation, ecosystem restoration. Founded in 1957 with a rich history, the vision for the company is to stay a leading high-impact investor by providing competitive real investment returns for its shareholders, combined with high social impact. The Board of Directors believes that the long-term value creation for shareholders is better safeguarded if DGB remains a listed company with activities in the sustainable sector.

Global reforestation

At the AGM 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. By increasing carbon sequestration in vegetation and soil to reduce net carbon emissions, DGB wants to offer carbon offsetting solutions to individuals, companies and institutions worldwide.

Selwyn Duijvestijn: ”A successful outcome in reforestation of the planet requires a commercial viable company driven by purpose with significant on-the-ground organizational capabilities. The strength of DGB lies in the fact that we can economically speed up the reforestation process. The listing allows us to finance our operations through private arrangements with individual shareholders, family offices, venture capital firms or alliances with larger corporations through loans, bonds or equity deals. We are able to offer securities for our shareholders in the acquisition of existing forests, lands or companies. A listing allows us to match and access the capital requirement for the job at hand with the urgency of what is needed and the increasing demand to see reforestation occur planet wide.”

Preferent shares

On 10 September 2020 DGB announced the nomination and involvement of Mr. John Mappin and Ms. Irina Kudrenok-Mappin. It's in the best interests of DGB that Mr. D.J. Mappin and Ms. I. Kudrenok - Mappin will be installed on the Board of Stichting Preferente Aandelen DGB Group and therefore fulfill the ultimate supervisory function.

During the AGM on 26 April 2019 the General Meeting voted in favour of the structure to take protective measures against a possible threat to the strategy, continuity, independence and/or identity of the company. DGB shall now optimize and implement the Protective Measures by a) withdrawing the priority shares and b) installing Mr. D.J. Mappin and Ms. I. Kudrenok - Mappin as respectively Chairman of the Board and Board Member of Stichting Preferente Aandelen DGB Group with the power to issue preference shares to secure the purpose of the company.

John Mappin: “My wife Irina and I are extremely excited by the potential and positive effects that DGB can create for this planet. DGB’s Global Reforestation project solves the very practical and real challenges of man’s symbiosis and relationship with trees to harness free market forces and the access to capital needed to rapidly accelerate the reforestation of earth.

Annual General Meeting of shareholders

The AGM will take place on 4 February 2021 at 2:00pm CET. At the AGM shareholders will be able to vote on the alternative to the distribution of special dividend. The AGM’s full convocation notice, agenda and the explanatory notes thereto and further AGM materials can be downloaded from DGB’s website www.dgb.earth.

 

Links:

 

Contact details:

DGB GROUP NV
press@dgb.earth
020 8080825

 

About DGB:

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. 

 

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 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.