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Dutch Green Business Group N.V. (Euronext: DGB, “DGB” or “the Group”), a leading reforestation and carbon offsetting company, announces the launch of a €4.5 million capital raise via a placement of a convertible loan note.
Investors in this green impact bond will receive a return of 6% per annum and the notes convert into DGB equity shares on 30 September 2025 at a price of €2.00. The current DGB share price is €1.13.
DGB invests, manages and develops projects to generate nature compensation in the form of biodiversity offsets and carbon offsets, which are sold to businesses and consumers.
Proceeds from this green impact bond will be invested in the Group’s project pipeline. The Group has a pipeline of 9 projects in 10 different locations around the world and forecasts to generate over 6 million tons of carbon offsets in the second half of 2021.
DGB currently holds over 155,000 tons of carbon offsets on its balance sheet. After developing its project pipeline and not generating any revenue during the first half period, the Group has started to generate revenue in the recent quarter as businesses and individuals are offsetting their carbon emissions through DGB.
Selwyn Duijvestijn, Chief Executive of DGB Group, said: “We are delighted with indications of support for this green impact bond raise as it reflects the shared confidence that we and our investors have in the business. We are providing a credible green investment opportunity that is easy to understand and which delivers impactful improvements on the ground.”
Investors can participate in the Convertible Green Impact Bonds via https://invest.dgb.earth.
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.
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