REG - Eco Buildings Group - Conversion of Loan Notes & Holding(s) in Company

Eco BuildingsAnnouncement

22/09/2025 10:30

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RNS Number : 2569A  Eco Buildings Group PLC  22 September 2025

Certain information contained within this Announcement is deemed by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon
publication of this Announcement, this information is now considered to be in
the public domain.

22 September 2025

Eco Buildings Group plc

(the "Company" or the "Group")

Conversion of Loan Notes

Eco Buildings Group Plc (ECOB), a modular housing company, announces that it
has issued 5,000,000 new ordinary shares following receipt of a conversion
notice of £200,000 on the Loan Notes issued by the Company on the 4 September
2025 at a conversion price of 4 pence per share (the "Conversion").

Admission & Total Voting Rights

The new ordinary shares in relation to the Conversion will rank pari passu
with the existing ordinary shares in all respects. Admission of the new
ordinary shares on the AIM Market pursuant to the Conversion will occur on or
around 26 September 2025.

Following the admission of the new ordinary shares in relation to the
Conversion, the total issued share capital of the Company will be 121,211,747
ordinary shares, each with voting rights. The above figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company, under the Disclosure and Transparency Rules.

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

 

For more information on Eco Buildings please visit www.eco-buildingsplc.com
(http://www.eco-buildingsplc.com) or contact:

 Eco Buildings Group plc                              Tel: +44 (0)20 7380 0999

 Etrur Albani, Executive Vice Chairman

 Fiona Hadfield, Finance Director
 Spark Advisory Partners Limited (Nominated Adviser)  Tel: +44 (0)20 3368 3550

 Matt Davis / James Keeshan
 Tavira Financial Limited (Joint Broker)              Tel: +44 (0)20 3192 1739

 Oliver Stansfield/Jonathan Evans

 CMC Markets UK Plc (Joint Broker)                    Tel: +44 (0)20 71708200

 Douglas Crippen

 

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.

 

TR-1: Standard form for notification of major holdings

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
 FCA in Microsoft Word format if possible)(i)

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    Eco Buildings Group PLC
 which voting rights are attached(ii):
 1b. Please indicate if the issuer is a non-UK issuer  (please mark with an
 "X" if appropriate)
 Non-UK issuer
 2. Reason for the notification (please mark the appropriate box or boxes with
 an "X")
 An acquisition or disposal of voting rights                                                                                                                                                                                                      X
 An acquisition or disposal of financial instruments
 An event changing the breakdown of voting rights
 Other (please specify)(iii):
 3. Details of person subject to the notification obligation(iv)
 Name                                                                                                                                                         The Lang Family
 City and country of registered office (if applicable)                                                                                                        St Helier, Jersey
 4. Full name of shareholder(s) (if different from 3.)(v)
 Name                                                                                                                                                         G.P. (Jersey) Limited

                                                                                                                                                              Martin Lang

                                                                                                                                                              Jacqueline Lang

                                                                                                                                                              Frazer Lang
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached(vi):                                                                                                   19/09/2025
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               19/09/2025
 7. Total positions of person(s) subject to the notification obligation
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments      Total of both in % (8.A + 8.B)  Total number of voting rights of issuer(vii)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  8.91%                                                                                                        8.91%                           10,802,683

 Position of previous notification (if

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached(viii)
 A: Voting rights attached to shares
 Class/type of                                  Number of voting rights(ix)                                                                                 % of voting rights

shares

 ISIN code (if possible)
                                                Direct                                          Indirect                                                    Direct                                           Indirect

                                                (Art 9 of Directive 2004/109/EC) (DTR5.1)       (Art 10 of Directive 2004/109/EC) (DTR5.2.1)                (Art 9 of Directive 2004/109/EC) (DTR5.1)        (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
                                                10,802,683                                                                                                  8.91%

 SUBTOTAL 8. A                                  10,802,683                                                                                                  8.91%

 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
 (DTR5.3.1.1 (a))
 Type of financial instrument                   Expiration              Exercise/                                                   Number of voting rights that may be acquired if the instrument is        % of voting rights

date(x)
Conversion Period(xi)

                                                                                                                                    exercised/converted.

                                                                        SUBTOTAL 8. B 1

 B 2: Financial Instruments with similar economic effect according to Art.
 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
 Type of financial instrument  Expiration                               Exercise/                                 Physical or cash                                                  Number of voting rights  % of voting rights

date(x)
Conversion Period (xi)

                                                                                                                  settlement(xii)

                                                                                                                  SUBTOTAL 8.B.2

 

 9. Information in relation to the person subject to the notification
 obligation (please mark the

 applicable box with an "X")
 Person subject to the notification obligation is not controlled by any natural
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer(xiii)
 Full chain of controlled undertakings through which the voting rights and/or                                                                                                                                             X
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity(xiv) (please add additional rows as
 necessary)
 Name(xv)                    % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                         than the notifiable threshold

 10. In case of proxy voting, please identify:
 Name of the proxy holder
 The number and % of voting rights held
 The date until which the voting rights will be held

 11. Additional information(xvi)

 

 Place of completion  St Peter's Port, Guernsey
 Date of completion   19/09/2025

 

 

 

 

 

 

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