Stapelaar schreef op 1 juni 2023 16:27:
Press release
DGB extends maturity date and lowers
conversion price of convertible bonds
01 June 2023 | 07:30h CET
DGB Group N.V. (“DGB”, “the Group” or ¨the Company ¨) (Euronext: DGB:
NL0009169515), a leading carbon project developer and ecosystem restoration
company, extends the maturity date of €400,000 of convertible bonds and lowers the
conversion price.
On 1 February 2023, DGB issued convertible bonds. The maturity date has been
extended from 31 May 2023 to 31 July 2023, and the conversion price has been reduced
to €0.47. These convertible bonds may be converted early at the discretion of the holder,
who also retains the right to request a cash redemption on 1 August 2023 if no prior
conversion request has been made. The loan notes carry no interest rate.
Due to the unavailability of a suitable Pubic Interest Entity audit firm in the Netherlands
(“PIE audit firm”), DGB does not comply with Euronext Amsterdam's Rule 61003/2, which
requires audited annual reports. On 13 April 2021, Euronext Amsterdam implemented a
new rule, essentially meaning that companies without a PIE audit firm face delisting. The
effective date of delisting is currently scheduled for 6 November 2023. DGB's Executive
Board is committed to maximizing the company's listing potential on the Amsterdam
market, but also emphasizes to shareholders the gravity of the 6 November 2023
deadline and advises them to stay updated with forthcoming communications