REG - Eco Buildings Group - Board Changes

Focus XploreAnnouncement

05/09/2025 10:00

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RNS Number : 1161Y  Eco Buildings Group PLC  05 September 2025

5(th) September 2025

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

 

Eco Buildings Group plc Announces 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.

 

Resignation of Sanjay Bowry

 

Eco Buildings announces that Sanjay Bowry has stepped down as CEO of Eco
Buildings Group PLC effectively immediately and is no longer a director of the
company. As part of making the board being efficient and with the focus of
activity increasingly global and especially in Albania these duties will be
subsumed into Dr Etrur Albani's existing role as Executive Vice-Chairman and
co-founding shareholder.

The short term focus will be to continue to enhance operational resource
capability on the ground in the Balkans to support our growth agenda in the
region and to focus on increasing commercial Joint Venture partnerships
internationally.

Don Nicolson, Chairman of Eco Buildings plc, commented:

" I wish Sanjay well in his future endeavours and look forward to Etrur
continuing to drive forward the Company's growth agenda"

 

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

 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

CMC Markets UK plc (joint Broker)    Tel: +44 (0) 203 003 8632

 Douglas Crippen

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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