REG - Eco Buildings Group - Issue of Shares

Eco BuildingsAnnouncement

17/01/2025 16:30

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RNS Number : 8364T  Eco Buildings Group PLC  17 January 2025

17 January 2025

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

Issue of shares

Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company,
announced that it has issued in aggregate 3,000,000 new ordinary shares at a
nominal value (1p) in settlement of existing liabilities.

Admission & Total Voting Rights

The New Ordinary Shares will rank pari passu with the existing ordinary shares
in all respects. Admission to AIM of the New Ordinary Shares will occur on or
around 23 January 2025.

Following the admission of the 3,000,000 new ordinary shares, the total issued
share capital of the Company will be 84,467,767 ordinary shares, each with
voting rights. The Company does not hold any ordinary shares in treasury. 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.

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 (http://www.eco-buildings.net/)

 

For more information contact:

 Eco Buildings Group plc                               Tel: +44 (0) 207 380 0999

 Sanjay Bowry, Chief Executive Officer

 Fiona Hadfield, Finance Director

 Spark Advisory Partners Limited (Nominated Adviser)   Tel:  +44 (0) 203 368 3550

 Matt Davis / James Keeshan
 Tavira Securities Limited (Broker)                    Tel:  +44 (0) 203 192 1739

 Oliver Stansfield / Jonathan Evans

 

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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