DUBLIN--(BUSINESS WIRE)--Celestial Green Ventures PLC (CGV), an Ecosystems Conservation Company has initiated the process of upgrading their listing to the Entry Standard Level of the Frankfurt Stock Exchange. Having originally listed in May 2011 on the First Quotation Board, and after a very successful year, the company has approved a decision to progress their listing up to the Entry Standard Level.
This move will enable the company to provide additional levels of transparency, for its stakeholders, as a result of the increased regulatory compliance and reporting obligations, required for inclusion to the Entry Standard.
Dieter Huhn, Chairman of CGV PLC stated: “I am very proud that the company has met all its objectives in 2011 and 2012 thus far, and we are embracing this opportunity to increase our transparency in our business operations, which aligns with our transparency objectives for each of our REDD+ projects.”
Although an IPO is not expected, the upgrade will provide CGV with the opportunity to produce an Entry Standard Listing prospectus, which is currently being prepared in the company’s Head Office in Dublin, Ireland.
About CGV
Celestial Green Ventures develops REDD+ (Reduced Emissions from Deforestation and Degradation) carbon offset projects in the Amazonia region of Brazil. The goal is to protect vulnerable areas of natural forests, at risk of deforestation.
CGV have developed a new and innovative cloud-based data platform which enables the company to gather multiple layers of environmental data. This pioneering tool can illustrate historic & predicted levels of deforestation, existing sequestered carbon stocks & biomass density and the future risk of deforestation across the Amazon. Ultimately, this results in reduced lead time for each project, as the process becomes more streamlined, cost effective and therefore desirable for investors.
Our partnerships and strategic alliances with Amazonian Organisations and Environmental Experts in Brazil and Europe, have allowed CGV to develop projects that resonate with many diverse groups, and enable environmental, social and financial objectives to be simultaneously met.