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Dutch Green Business Group N.V. (“DGB”, “the Group” or ¨the Company¨) (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, terminates the share option rights in DGB for a former advisor to the Group.
On 15 September 2021, the Annual General Meeting of shareholders approved the DGB Share Option Scheme 2021 (¨Option Scheme¨) and the grant of share options to Mr Farage. As part of his remuneration, the former member of the advisory board received one million call options with a strike price of €1,40, which could be exercised into ordinary DGB shares the moment the share price would hit €20.
In October 2021, the position of the advisor was suspended. Mr Farage has since not played an active role in the Company, nor is there any current relationship. Since the agreement has been terminated, the share options rights have lapsed.
DGB GROUP NV
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 the 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
This press release contains no (invitation to make an) offer to buy or sell or otherwise acquire or subscribe for shares in DGB Group NV and is not advice or recommendation as to whether action should be taken. This press release contains statements that may be interpreted as forward-looking statements, inter alia relating to the financial position of the DGB Group, the results achieved, and the company(ies) it operates. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and on forecasts and estimates made by the management of the DGB Group. 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 can be construed as forward-looking statements. Factors that can lead to, or contribute to, differences in current expectations include developments in legislation, technology, taxation, regulation, fluctuations in stock prices, legal proceedings, regulatory investigations, competitive conditions, and general economic conditions. These and other factors, risks, and uncertainties that may affect forward-looking statements or the actual results of DGB Group are discussed in the Annual Report. The forward-looking statements in this document apply only as of the date of this document. Subject to any legal obligation to do so, the DGB Group accepts no obligation or responsibility to update the forward-looking statements contained in this document, whether they relate to new information, future events or otherwise.
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