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DGB Group navigates through PIE audit challenges successfully

DGB Group N.V. (“DGB” or “the Group”) (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, has successfully obtained a confirmation letter from a European Public Interest Entity (PIE) audit firm. This letter signifies the audit firm's readiness and capability to conduct the audit of DGB's financial statements for the fiscal year 2024.

This development is a significant step towards solidifying DGB’s long-term listing status. The receipt of a confirmation letter is in line with the compliance guidelines set by Euronext Amsterdam on 11 October 2023, underscoring DGB's commitment to regulatory adherence and robust financial oversight. 

The selected audit firm, based within the European Union, fulfills all PIE registration requirements. The firm has informed DGB of its registration with the AFM and anticipates that this process will be completed shortly. The audit will be carried out by a Dutch external accountant who is already registered with both the NBA and AFM.

DGB has promptly communicated this progress to Euronext. Meeting the Euronext requirements, DGB expects that the delisting process will soon be halted. The halting of the delisting process will reaffirm DGB's presence on Euronext Amsterdam, but it will be on Euronext Amsterdam's penalty bench until a PIE audit is completed.

Following the completion of the audit firm's registration, the Board of Directors of DGB intends to formally recommend the appointment of this audit firm at the next scheduled shareholders' meeting. DGB is dedicated to maintaining transparency and will ensure that all stakeholders are promptly informed about any further developments.

 

Contact details

DGB GROUP NV
press@dgb.earth
+31320788118

 

About DGB

DGB is a project developer of high-quality, large-scale carbon and biodiversity projects accredited by third parties. The Group is focused on nature conservation and helping biodiversity flourish by assisting governments and corporations in achieving net zero. Global megatrends drive the demand for carbon credits and underpin growth opportunities. DGB GROUP NV is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. www.green.earth 

 

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 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 about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB’s management. Although DGB 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 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, DGB 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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