Forward-looking statements are all statements that do not relate to historical fact. 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(es) it runs. and is not an advice or recommendation to take or refrain from taking any action.
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. 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 qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 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. DGB's strategy is to participate in large forest carbon offset projects around the world that deliver commercial and environmental benefits. is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. Kudrenok-Mappin have not yet paid the purchase price for the shares and no valid share transfers have taken place) and that the agreements are not enforceable.ĭGB has invited the parties to settle this potential legal dispute amicably, but at this stage there is no certainty whether an amicable settlement can be reached.įurther announcements will be made by the Company if and when required in accordance with applicable laws and regulations.ĭutch Green Business Group N.V. However, the Board of Directors understands that Stichting Prosper and Nature has a different reading of the sale and purchase agreements and has taken the position that parties have not taken any steps to implement completion of the sale and purchase agreements,(i.e., Mr. Kudrenok-Mappin have taken the position that based on Dutch case law the share purchase agreements qualify as valid share transfer instruments. While it is the Company's policy not to comment on interactions with specific shareholders, it is important to note that Mr. The Board of Directors is currently still assessing the Company's legal position with the help of external legal counsel. This would have an impact on the validity of several of the shareholder and board resolutions of the Company taken since 6 October 2020 and could also mean that Stichting Prosper and Nature was legally required to make a mandatory public bid for all remaining shares in the capital of the Company as from 7 October 2020. 59.98% of the shares in the capital of the Company. In absence of proper instruments of transfer, the purported transferee, Stichting Prosper and Nature (f/k/a Stichting Dutch Green Foundation), will still hold the legal title to approx.
Kudrenok-Mappin as shareholders in the Company's shareholders' register in reliance upon several sale and purchase agreements which do not constitute proper instruments of transfer of registered shares in accordance with section 2:86c par 2 of the Dutch Civil Code.
Kudrenok-Mappin following the Company's EGM on 30 December 2021, the Board of Directors' preliminary assessment is that it may have registered Mr.
(Euronext: DGB, "DGB" or the "Company") announces today that it has taken notice of a potential legal dispute among certain of the Company's major shareholders with respect to several purported share transfers in October 2020.īased on a recent legal analysis of the share ownership position of Mr.
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