Board Changes

Eco Buildings

28/03/2025 13:17

RNS Number : 7467C

Eco Buildings Group PLC

28 March 2025

 

28th March 2025

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

Board Changes

 

Eco Buildings Group plc (the "Company" or the "Group") announces a change to its board as part of its continued commitment to strong governance and long-term growth.

Eco Buildings announces that Sir Mark Lyall Grant has stepped down as a Non-Executive Director due to his increasing overseas travel and professional commitments. Since joining the Board, Sir Mark has provided invaluable insight, leveraging his extensive experience in international affairs, governance, and strategic advisory roles.

Commenting on his resignation, Sir Mark Lyall Grant said:

"It has been a privilege to serve on the board of Eco Buildings Group plc during an exciting period of growth and transformation. The Company is well-positioned for future success, with a strong leadership team, a clear strategy, and a commitment to innovation. I remain a firm supporter of Eco Buildings and look forward to seeing its continued progress."

Sanjay Bowry, Chief Executive Officer of Eco Buildings Group plc, commented:

"Sir Mark has been a valued member of our Board, and we deeply appreciate his advice and expertise.  We are grateful for his contributions and wish him well for the future. Eco Buildings remains focused on delivering sustainable growth, and we look forward to building on the strong foundations we have laid."

 

Don Nicolson, Chairman of Eco Buildings plc, commented:

"Mark has been a valuable contributor to the Board since he joined pre-listing on AIM. We wish him well in his new endeavours and thank him for his counsel."

 The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

About Eco Buildings Group plc

Eco Buildings is a leading innovator in prefabricated, green housing products, leveraging proven technology based on GFRG panels. Our modular housing solutions cater to both affordable and high-end housing markets, combining cost efficiency, speed of construction, and sustainability. With a growing portfolio of international projects, Eco Buildings is dedicated to redefining construction for the future. 

Further information is available on Eco Buildings website: www.eco-buildings.net

 

For more information contact:

Eco Buildings Group plc
Sanjay Bowry, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0) 207 380 0999
Spark Advisory Partners Limited (Nominated Adviser)
Matt Davis / James Keeshan
Tel: +44 (0) 203 368 3550
Tavira Securities Limited (Broker)
Oliver Stansfield / Jonathan Evans
Tel: +44 (0) 203 192 1739

 

Notes

The Company has acquired proven and innovative prefabricated technology which has been in development and commercial use since 2006. Eco Buildings' range of prefabricated, green housing products based on glass fibre reinforced gypsum panels ("GFRG") provides a construction solution for both affordable and high-end housing.

Eco Buildings has already secured two sales contracts with major construction companies, one in Albania, the other in Kosovo, which are expected to generate gross sales revenue of approximately up to €38 million in total per annum over the first three years (approximately €114 million in total) following Admission.

The market share for factory-based building technology is expected to grow significantly over the coming years as private developers and the public sector seek to address the substantial and growing deficit in housing stock and issues of construction cost, speed and quality and housing affordability.

 

 

 

 

 

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