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Eco Buildings Secures over €400m Chile Contract
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.
21 October 2025
Eco Buildings Group PLC
(“Eco”, “Eco Buildings” or the “Company”)
Eco Buildings Secures over €400m Chile Contract
Highlights
· Landmark agreement to manufacture and supply 20,000 homes in Chile under the Government’s flagship social housing programme.
· Approximately €420 million gross revenues over seven years, with Government-backed payment structure.
· First 607-house tranche funded with 50% deposit of €12.75 million.
· Establishes Eco as a key provider in Chile’s housebuilding programme.
Eco Buildings Group PLC (“Eco Buildings” or the “Company”), the UK-listed modular housing innovator (AIM: ECOB), is pleased to announce that it has signed a landmark agreement with the authorities in Chile to deliver 20,000 high-quality modular homes under the Chilean Government’s flagship social housing programme. The approximately €420 million contract spans seven years and marks Eco’s transition from certification to full-scale commercial rollout in Latin America.
Background
In July 2023, Eco initiated the rigorous two-tier approval process in Chile, one of the most stringent in Latin and Central America. Following successful completion of all required testing and acoustic and insulation validations, Eco has now achieved full certification, joining a select group of approved building systems in the country.
As previously announced on 3 March 2025, Eco constructed demonstration homes in Melipilla (Metropolitan Region) and Valparaíso, two strategically important areas near Santiago. These show homes were visited by senior Government officials, parliamentarians and municipal leaders, allowing them to assess first-hand the quality, speed and aesthetics of Eco’s technology.
Following these visits and town hall allocation meetings, the first tranche of 607 homes has already been designated to beneficiary families. It is expected this initial tranche will be delivered during the course of 2026 and is fully costed by a 50% deposit of €12.75 million, in line with Chile’s government payment framework. By the seventh year of the contract, the Company is expected to be delivering up to 5,000 homes per year.
Under the terms of the agreement, Eco will supply 20,000 homes over seven years, generating approximately €420 million in gross revenues. To deliver this efficiently, Eco will deploy a new manufacturing line in Chile, leveraging its fully automated GFRG (glass fibre reinforced gypsum) panel technology. Factory installation is planned for Q2 2026.
The Chilean Government’s long-term programme targets 250,000 homes nationwide. With certification achieved and commercial rollout underway, Eco is well positioned to become a long-term partner in addressing Chile’s social housing deficit. The Board anticipates replicating this model across Latin America.
Chile’s social housing programmes are delivered through a structured framework involving EGIS (Social Housing Management Organisations) and SERVIU (the national housing authority). More than 370 EGIS entities coordinate technical and social aspects, site selection, design, and contracting. This decentralised model allows private companies like Eco to integrate rapidly into national programmes while maintaining rigorous oversight and payment security.
Structured Payment Framework
The contract is governed by Chile’s Ministry of Housing administrative procedures framework (Resolution 1439, DS No. 49 (2011)), which establishes the mechanism by which Housing Association companies supervise and fund the development of social housing programmes.
Under this framework, Eco, as the manufacturer of industrialised housing components, is entitled to receive advance payments of up to 50% of the contract value for each lot, with the balance payable upon delivery and on-site verification by the national housing authority (Serviu).
Each of the multiple lots within the 20,000 home programme will be contracted and funded individually, with 50% deposits lodged directly with Eco at the commencement of each lot. This structure provides payment security, predictable cash flows, and minimal working-capital exposure over the seven-year programme.
Dr Etrur Albani, Executive Vice-Chairman of Eco Buildings, commented:
“Securing our first project in Latin America represents an important milestone for Eco Buildings and demonstrates the scalability of our revolutionary technology across new markets. Chile provides a strong regulatory framework and a strategic entry point into the wider region.
Our focus is on delivering high-quality, sustainable and affordable housing through an efficient, industrialised approach. We believe our technology can support governments and developers in accelerating housing delivery across Latin America in a cost-effective and environmentally responsible way.”
Eco anticipates announcing further joint venture arrangements, in line with those previously disclosed in regions such as Senegal and Sudan.
Eco’s GFRG walling system has been analysed against ACI 318-08 standards, demonstrating ductility, axial load capacity and shear performance suitable for seismic regions. Reinforced panels achieve axial load capacities up to four times higher than unfilled panels, with shear strengths exceeding 45 MPa in representative calculations, confirming the system’s structural integrity and seismic resilience.
Notes
· Eco’s technology is based on large-format, glass fibre reinforced gypsum (GFRG) panels, enabling faster, cheaper, greener construction compared to conventional methods.
· The certification obtained in Chile is recognised regionally, providing a platform for expansion into neighboring countries with lower regulatory barriers.
· Eco already has contracts in Albania and Kosovo, generating €114 million in expected revenues over three years, and is advancing multiple pipeline opportunities globally.
Further information is available on Eco Buildings website: www.eco-buildings.net
For more information contact:
Eco Buildings Group plc
Dr Etrur Albani, Executive Vice Chairman
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
CMC Capital Markets (Joint Broker)
Tel: +44 (0) 203 003 8632
Operational Update on Geographic Expansion
16 October 2025
Eco Buildings Group PLC
("Eco Buildings" or the "Company")
Operational Update on Geographic Expansion
Eco Buildings Group plc ("Eco" or the "Company"), a technology-driven modular housing company quoted on AIM, is pleased to provide an operational market update outlining its geographic expansion strategy and technology roll-out which the Board believes will position Eco Buildings to become a leader in affordable, sustainable, high-quality housing delivery.
Dr Etrur Albani, Executive Vice Chairman of Eco Buildings Group plc, commented:
"I am pleased by the progress Eco is making as we continue to successfully expand our technological and manufacturing capacity. Our aim is to deploy our unique technology in all countries where there are acute housing shortages, across both developed and emerging economies.
In the UK, where affordable housing remains one of the most pressing national priorities, we believe our technology offers a ready-to-deploy, scalable solution. We encourage policymakers to explore how innovative approaches like ours can become part of the solution to the country's housing challenge."
Improving Housing Through Technology
The Company has completed the computerisation and integration of the entire modular housing production process, creating a fully automated, high-precision housing manufacturing platforms.
At the heart of the system is the Company's proprietary Vertical Panel Casting Machine (VPCM) combined with Glass Fibre Reinforced Gypsum (GFRG) wall technology, a blend of advanced materials science, precision automation, and architectural flexibility.
Key technological features include:
Vertical casting and CNC finishing: Walls are cast with millimetre precision and pre-cut using CNC systems, enabling fast integration of openings and service routes.
Structural performance: Panels meet or exceed international standards for fire safety, thermal insulation, acoustic performance and water resistance, tested under ISO 9001 and 17025 regimes in accredited laboratories in Chile, Australia, UAE and Albania.
Architectural adaptability: Homes produced using Eco technology can reflect traditional, modern or regional designs, blending seamlessly into local environments.
Damp- and mould-free for life: GFRG's natural resistance to water and rot ensures healthier and longer-lasting buildings.
Environmental leadership: Eco walls floors and roofs are recyclable and manufactured with significantly lower carbon, water, sand, cement and steel inputs than traditional methods, and are certified under ISO 14001, CE marking and CodeMark.
Each production line can deliver up to six completed homes per day (based on a 60 sqm dwelling), combining speed, precision, quality and sustainability at industrial scale.
Geographic Roll-Out Strategy
The Board's objective is to deploy its technology platform in key markets across the world, enabling governments, developers and communities to address urgent housing needs through a standardised, certified, rapidly deployable system.
The Company's roll-out strategy is built around the following pillars:
1. Localised Production
Eco establishes local production lines deployed in each country of operation, eliminating shipping delays and costs, reducing carbon footprint, and stimulating local economies.
2. Minimum Two Lines Per Country
Eco plans to deploy a minimum of two fully operational automated production lines in every country.
The first line accelerates pilot delivery and market entry and rapid accretive cash generation
The second provides redundancy, scalability, and the capacity to support national housing programmes.
3. Strategic Partnerships
Each deployment is carried out with strong local partners that contribute capital and market access, ensuring long-term alignment and shared success.
4. Phased Regional Expansion
Phase 1: Albania, Kosovo, Chile, Senegal and Sudan, addressing regions with the most immediate housing delivery programmes and demonstrating industrial scalability.
Phase 2: Western Europe and North America applying the same platform to affordable, sustainable and ESG-compliant housing initiatives in mature markets.
Standardisation and Certification & Global Momentum
All production lines operate under a single global technical and quality framework, enabling uniform performance standards, financing flexibility, and replicable delivery models for governments and institutional partners.
A Scalable Platform for Global Impact
The Board believes Eco's platform represents a real shift in how housing shortages can be resolved. By establishing at least two automated production lines per country, Eco aims to create permanent, high-capacity local industries capable of delivering thousands of homes annually, adapted to local needs but built to a global standard.
The Company is actively progressing developments in Albania, Kosovo, Chile, Senegal and Sudan, while finalising ISO certifications and assessing opportunities in the UK Canada and Germany to support entry into Western markets.
The Company has secured a strong pipeline of projects across multiple jurisdictions. The production line model is designed for rapid replication, enabling Eco Buildings to scale quickly in each market while maintaining consistent global quality and environmental standards.
About Eco Buildings Group Plc
Eco Buildings Group Plc is a technology company redefining global housing delivery. Its proprietary automated GFRG modular building system enables the construction of sustainable, high-quality homes at unmatched speed and cost, certified across multiple jurisdictions. Eco's strategy is to deploy at least two production lines per country in partnership with governments and developers to meet urgent housing demand worldwide. Our modular housing solutions cater to both affordable and high-end housing markets. 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
About Reach announcements
Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only/non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.
For more information contact:
Eco Buildings Group plc
Dr Etrur Albani , Executive Vice Chairman
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
CMC Capital Markets (Joint Broker)
Douglas Crippen
Tel: +44 (0) 203 192 1739
Tel: +44 (0) 203 003 8254
Eco Buildings to Launch Sudanese Subsidiary to Deploy Next-Generation Modular Housing Technology with €5 Million Local Funding Commitment
Eco Buildings Group PLC
("Eco Buildings" or the "Company")
Eco Buildings to Launch Sudanese Subsidiary to Deploy Next-Generation Modular Housing Technology with €5 Million Local Funding Commitment
Highlights
Eco Buildings launches a new subsidiary with Socotra Real Estate Development and Investment Company to focus on modular housing in Sudan.
Contracted investment of €5 million by Socotra to Eco Buildings to fund two new production lines.
Eco Buildings, a UK-listed modular construction company, is pleased to announce that it is establishing a new subsidiary, Eco Buildings Sudan Ltd ("Eco Sudan"), to address the significant market opportunities for modular housing in Sudan.
To enable this expansion, Eco Buildings has entered into a memorandum of understanding ("MOU") and signed an Agreement with Socotra Real Estate Development and Investment Company ("Socotra"), a well-established Khartoum-based facilities management and logistics group with a proven track record in delivering complex infrastructure projects. Socotra's operational strength and established public and private sector relationships make it an ideal strategic partner for rapid deployment and scale.
To enable the rapid deployment of production capacity, Socotra has agreed to make a €5 million contracted investment in Eco Buildings for which it will receive a stake in Eco Sudan, which will be responsible for operating and selling the output from the Company's wholly-owned manufacturing facilities and production lines in the Sudan. Under the terms of the MOU and the Agreement, Socotra will be entitled to receive 50% of any net profits generated by Eco Sudan.
The €5 million commitment will be used by the Company to fully fund the deposit and capital required to deploy and install two production lines owned by the Company in the Sudan. This structure ensures that Eco Sudan can move from MOU to operational capacity without further capital outlay from Eco Buildings, while retaining meaningful strategic upside. The production lines will be delivered via Eco Buildings' EPC contractor, providing the scale required for major housing delivery programmes.
The Company and Socotra have entered into an agreement (the "Agreement") governing the terms and operation of Eco Sudan, which will manage the establishment of the manufacturing facility and the production of the homes to be built.
Socotra will be responsible for the day-to-day operations of Eco Sudan, including the set-up and running of the manufacturing facilities. In accordance with the Agreement, the funding commitment will be received over the course of the next six months. This will allow for the provisioning of a site to locate the manufacturing facility and initiate the corporate structure and governance of Eco Sudan.
Sudan has already demonstrated its ambition for large-scale development through landmark projects such as the Al-Mogran riverside development in Khartoum. Eco Buildings' technology provides the scalable and cost-efficient platform needed to bring such ambitions to fruition.
Strategic Vision & Technological Edge
Eco Buildings' entry into Sudan is part of a broader strategy to deploy high-tech modular construction platforms globally, enabling markets to leapfrog traditional building methods. Its GFRG technology integrates digital controls, automation and precision engineering, delivering speed, cost discipline and quality unmatched in regional construction.
By combining this proprietary platform with Socotra's local operational strength, Eco Buildings is establishing a scalable blueprint that can be replicated rapidly across Sudan and neighbouring markets. Once the first two lines are installed and optimised, this model allows for fast geographic expansion with minimal incremental investment.
Dr Etrur Albani, Executive Vice Chairman of Eco Buildings Group plc, commented:
"The landmark JV in Sudan with Socotra not only serves to further demonstrate the increasing global demand for our GFRG modular housing solutions, but also the efficiency of our international expansion strategy. Sudan lies at the centre of a geographic region with significant potential. The MOU with Socotra is a material step forward in realising that potential. Their decision to back Eco Buildings with a substantial, early-stage, €5 million contracted investment should make their faith in the ability of Eco's technology to tackle the scale of this opportunity, as well as Socotra's deep, long-term commitment to its success, evident to all our stakeholders."
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
Dr Etrur Albani , Executive Vice Chairman
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
CMC Capital Markets (Joint Broker)
Douglas Crippen
Tel: +44 (0) 203 192 1739
Tel: +44 (0) 203 003 8254
First Canadian Order
Eco Buildings Enters Canadian Market with Strategic First Order to Drive National Expansion
Highlights
A developer in Toronto, Ontario, Canada has placed an order for a two-storey loft showhouse (130 sqm) to be shipped from Eco's factory in Albania to Toronto.
The showhouse will serve as a strategic sample home, where government approval institutions, regulators, and developers will validate Eco Buildings' technology to confirm local certification and adoption.
This order is the launchpad for Eco Buildings' Canadian strategy, including the planned establishment of a dedicated Eco factory in Ontario to produce modular GFRG housing systems locally.
This initiative directly aligns with national housing needs, with Canada requiring approximately 3.5 million additional homes by 2030 to restore housing affordability (source: CMHC).
Eco Buildings Group plc, a UK-listed modular construction company, is pleased to announce the commencement of construction of a two-storey loft showhouse of 130 square metres in its factory in Albania, to be shipped to site in Toronto, Canada. The site is 30,000 square metres and the individual plot size for this house is 370 square metres.
This initial project represents far more than a single sale; it is the first tangible step in Eco Buildings' strategic entry into the Canadian market. Upon completion of local certification and building regulation approvals, the showhouse is expected to be the precursor for a major housing development on the same site.
The client is purchasing the house at a price of €600 per sqm, as well as covering all shipping and transportation costs from the Eco factory in Albania to the site in Toronto.
The Toronto showhouse will act as a national demonstration hub, where government approval bodies and major developers will be invited to experience Eco Buildings' rapid, sustainable modular building system first-hand. This approach provides regulatory approvals and unlocks large-scale deployment potential across the country.
Following this initial phase, Eco Buildings plans to establish a dedicated Eco factory processing plant in Ontario, enabling local production of its GFRG modular building systems. This facility will support high-volume housing delivery to help tackle Canada's housing shortage, estimated at 3.5 million additional homes by 2030.
Dr Etrur Albani, Executive Vice Chairman of Eco Buildings Group plc, commented:
"This is a genuine breakthrough moment for Eco Buildings in Canada. After years of concern over how to close the housing gap, Eco's proven technology provides a practical, rapid, and scalable solution. By delivering a turnkey, high-quality building in a fraction of the usual time and cost, we are demonstrating a model that can be replicated nationwide. This order represents the launchpad for our strategic Canadian expansion, fully aligned with the country's housing affordability objectives."
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
About Reach announcements
Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only/non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.
For more information contact:
Eco Buildings Group plcDr Etrur Albani, Executive Vice ChairmanFiona Hadfield, Finance DirectorTel: +44 (0) 207 380 0999
Spark Advisory Partners Limited (Nominated Adviser)Matt Davis / James KeeshanTel: +44 (0) 203 368 3550
Tavira Securities Limited (Joint Broker)Oliver Stansfield / Jonathan EvansTel: +44 (0) 203 192 1739
CMC Capital Markets (Joint Broker)Douglas CrippenTel: +44 (0) 203 003 8254
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 walls ("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 and the other in Kosovo, which are expected to generate gross sales revenue of approximately up to €38 million 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, quality, and affordability.
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Operational Update on Senegalese Subsidiary
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.
7th October 2025
Eco Buildings Group PLC
"Eco Buildings", "Eco" or the "Company"
Eco Buildings Secures Senegal JV to Deliver 900,000 m² / 5,000-Home Modular Housing Programme
JV with G2 Invest advances to execution phase; factory mobilisation underway and first-phase planning approvals expected before year-end
Eco Buildings Group plc (the "Company" or the "Group"), a UK-listed modular construction company, is pleased to announce a major milestone in its strategic joint venture in Senegal with G2 Invest Group, one of Dakar's leading logistics and facilities management companies.This milestone follows Eco Buildings' previously announced strategic framework for a 10,000-home programme in Senegal, demonstrating rapid progression from agreement to on-the-ground mobilisation.
Following the binding Memorandum of Understanding (MoU) signed earlier this year, the parties have now entered into a full Shareholders Agreement (the "Agreement") establishing the terms of the joint venture vehicle to be named, Eco Buildings Senegal Limited. In accordance with the Agreement and as previously announced, G2 Invest has committed to making an initial €1.75m payment into Eco Buildings Senegal LLC. This payment is expected to be received in December 2025. G2 Invest confirmed that phase one of the housing programme totaling approximately 900,000 m² of built-up floor area - equivalent to 5,000 homes - has been formally allocated to the joint venture. This programme will be delivered using Eco's proprietary modular building systems.
This marks a significant commercial inflection point for Eco Buildings as the project moves from planning into the execution and delivery phase.
Eco's modular system enables rapid, high-quality delivery at scale, providing a cost-effective solution to address significant housing deficits in emerging markets.Planning approvals are expected to be completed before year-end, reflecting the sequencing of regulatory and mobilisation steps. This will allow site works and factory deployment to begin immediately thereafter.Mobilisation of the first manufacturing line is underway, with deployment scheduled to align with the planning approval timetable, positioning the JV to commence site works immediately following regulatory sign-off.
Dr Etrur Albani, Executive Vice Chairman of Eco Buildings Group plc, commented:
"This joint venture has now moved decisively from agreement to action. With the JV structure in place, factory mobilisation underway, final planning approvals expected before year-end, and a 5,000-home programme allocated, we are positioned to deliver meaningful scale in Senegal. This partnership combines Eco's proven modular technology and delivery capability with G2 Invest's strong local presence and government relationships. Together, we are addressing Senegal's housing challenge with speed, scale, and sustainability.
This first phase not only represents a significant revenue pipeline in its own right, but also establishes a strategic operational base from which Eco Buildings intends to replicate its modular housing model across other West African markets."
This announcement contains 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 redefining construction for the future.More information: www.eco-buildings.net
For more information, please contact:
Eco Buildings Group plc
Dr Etrur Albani, Executive Vice Chairman
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 (Joint Broker)
Oliver Stansfield / Jonathan Evans
Tel: +44 (0) 203 192 1739
CMC Capital Markets (Joint Broker)
Douglas Crippen
Tel: +44 (0) 203 003 8632
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
Conversion of Loan Notes
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.
19 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 25 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 or contact:
Eco Buildings Group plc
Etrur Albani, Executive Vice Chairman
Fiona Hadfield, Finance Director
Tel: +44 (0)20 7380 0999
Spark Advisory Partners Limited (Nominated Adviser)
Matt Davis / James Keeshan
Tel: +44 (0)20 3368 3550
Tavira Financial Limited (Joint Broker)
Oliver Stansfield/Jonathan Evans
Tel: +44 (0)20 3192 1739
CMC Markets UK Plc (Joint Broker)
Douglas Crippen
Tel: +44 (0)20 71708200
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.
Fundraise of £600,000
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.
12 September 2025
Eco Buildings Group plc
(the "Company" or the "Group")
Fundraise of £600,000
Eco Buildings Group Plc (ECOB), a modular housing company, announces that it has raised an aggregate of £600,000 through a firm placing of new ordinary shares at a placing price of 4 pence per share (“Placing Price”) arranged by its broker, Tavira Financial Limited.
Firm Placing
The Company has raised gross proceeds of £600,000 through the Placing of 15,000,000 new ordinary shares at the Placing Price (“Placing”). The Placing enables the Company to fast-track its growth and has been undertaken at the same level as the Convertible Note announced last week.
Use of Funds
The Placing proceeds will be used to enable the Company to expand manufacturing capacity at the facility and secure and commence construction on additional contracts currently under negotiation. These contracts are expected to utilise the Company’s fully operating manufacturing facilities in Albania and compliment the recently announced apartment block development in Tirana. The funds will also accelerate delivery of large-scale contracts in Albania.
Admission & Total Voting Rights
The new ordinary shares in relation to the Firm Placing will rank pari passu with the existing ordinary shares in all respects. Admission of the new ordinary shares for the Firm Placing to the AIM Market will occur on or around 18 September 2025.
Following the admission of the new ordinary shares in relation to the Firm Placing, the total issued share capital of the Company will be 116,211,747 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.
Etrur Albani, Vice Executive Chairman , commented: “This successful placing underlines investor belief in Eco Buildings’ vision. With this support we can complete our first major projects, expand manufacturing capacity and deliver innovative, sustainable housing at scale. The strengthened balance sheet allows Eco Buildings to progress new GFRG production lines and strategic partnerships."
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 or contact:
Eco Buildings Group plc
Etrur Albani, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0)20 7380 0999
Spark Advisory Partners Limited (Nominated Adviser)
Matt Davis / James Keeshan
Tel: +44 (0)20 3368 3550
Tavira Financial Limited (Broker)
Oliver Stansfield/Jonathan Evans
Tel: +44 (0)20 3192 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.
Eco Buildings Group plc Announces Board Changes
5th 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
For more information contact:
Eco Buildings Group plc
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
CMC Markets UK plc (joint Broker)
Douglas Crippen
Tel: +44 (0) 203 003 8632
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.
€2.2 Million Contract Signed and £300,000 Convertible Loan Note Issue to existing shareholder.
4th September 2025
Eco Buildings Group PLC
(“Eco Buildings” or the “Company”)
€2.2 Million Contract Signed and £300,000 Convertible Loan Note Issue to existing shareholder.
Highlights
● €2.2 million contract signed for construction of a luxury 18-unit apartment block.
● Construction will commence immediately
● A further 5 identical structures
● A £300,000 zero coupon convertible loan note an existing shareholder to fund the initial contract.
Eco Buildings Group plc, a UK-listed modular construction company, is delighted to announce the award of a new contract to construct a luxury low-rise apartment block comprising 18 single dwellings, each averaging 100 square meters. Following the construction of this first apartment block, the Company has a letter of intent in place to build another two identical apartment blocks in Q1-Q2 next year. Negotiations are ongoing to then build a further 3 apartment blocks once the initial three are built.
The Eco Buildings’ Board believes this will serve as a precursor to a larger villa development in Albania, which the Board hopes will commence upon completion of these 6 apartment blocks.
Each apartment block is anticipated to generate €2.2 million in revenue, with anticipated gross margins consistent as those previously reported by the Company of 40%.
The Directors believe that Eco Building's innovative technology has enabled the Company to secure this contract by delivering a significantly more affordable solution compared to traditional wall construction, thereby saving the developer substantial time and costs. Each apartment block is expected to be completed and ready for handover within 6-9 months of the construction start date. Building of the first luxury apartment block commenced this week.
Convertible Loan Note Issue
Eco Buildings Group plc has raised £300,000 through the issuance of a zero coupon, 2-year loan note, convertible at 4p (the “Note”) to provide additional working capital to service the contract to build the first apartment block.
This compares favourably to the 30-day volume weighted average price (VWAP) of X.XX pence, representing a premium of approximately X%.
The Note, which has been subscribed for by Frazer Lang, an existing investor in the Company, is convertible at any time, at the election of the Note holder, during its 24 month term into new ordinary shares in the Company at a price of 4 pence per share. No interest is payable on the Note.
The Company has also agreed to issue Warrants as part of the Note on a basis of 1 Warrant for every 2 Shares issued. The Warrants may be exercised at a price of 8p and are exercisable at any time up to the third anniversary of the date of this announcement at which time they will lapse.
Commenting, Etrur Albani Executive Vice Chairman of Eco Buildings Group plc, said:
“This contract represents the first phase of a premier luxury development in Tirana, It highlights the superior quality of our factory-produced products and reaffirms our strategic decision to establish operations in Albania.
The new funding from Frazer Lang, a long-standing and supportive shareholder, will enable us to capitalize on the surging demand fuelled by Albania's flourishing construction industry."
Commenting, Frazer Lang said: "Having recently visited Eco’s production site in Albania, I am deeply impressed by the team's expertise and the disruptive potential of their technology to revolutionize the construction industry. This funding will enable the Company to accelerate growth and capitalize on exciting opportunities, such as this landmark apartment development, amid Albania's booming construction sector."
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 the Eco Buildings website: www.eco-buildings.net
For more information, contact:
Eco Buildings Group plc
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 (joint Broker)
Oliver Stansfield / Jonathan Evans
Tel: +44 (0) 203 192 1739
CMC Capital Markets (joint Broker). Tel: +44 (0) 203 003 8632
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 walls (“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.
Litigation update re Fox Marble vs the Republic of Kosovo
14 July 2025
Eco Buildings Group PLC
("Eco Buildings" or the "Company")
Litigation update re Fox Marble vs the Republic of Kosovo
Litigation Update - Case Fully Funded by High-Profile Legal Finance Leader
Eco Buildings Group PLC, the AIM-listed modular housing and marble quarrying company, is pleased to announce a major positive development regarding the ongoing €195 million arbitration proceedings brought by its subsidiary, Fox Marble Ltd, against the Republic of Kosovo.
The Company has secured an offer of full litigation funding from Atticus Litigation Financing, a new litigation financing fund set to become operational in August 2025. Atticus is advised by Nick Rowles-Davies, a recognised pioneer and global leader in the litigation funding sector. Mr Rowles-Davies previously led Burford Capital PLC (the largest litigation funder in the world) globally outside of the Americas as Managing Director and was a director of Burford Capital until 2016. He was the co-founder of Vannin Capital from 2010 to 2014 and a Partner at Bridgehouse Partners from 2004 to 2011.
This backing will ensure that Fox Marble is fully resourced and able to pursue its €195 million claim through the International Court of Arbitration, where the arbitration panel nomination process is already underway. The case relates to substantial losses resulting from adverse and improper actions taken by various government agencies in Kosovo.
Leading the legal strategy, Fox Marble has engaged BSA Law, a prominent international firm headquartered in Dubai, operating on a Conditional Fee Arrangement (CFA) basis, underscoring their confidence in the strength of the claim.
Sanjay Bowry, CEO of Eco Buildings, commented:
"This is an important moment in moving forward on this issue. With this offer to fully fund our case by Atticus that is advised by one of the most respected figures in global litigation finance, we are confident in our ability to see this claim through to a positive outcome. The support from Atticus and BSA Law is a strong external validation of our legal position and the compelling merits of our case."
This announcement is further to the disclosures in the Company's AIM Admission Document published on 28 April 2023 and the announcement by the Company on 5 May 2023.
This announcement contains inside information as defined under Article 7 of the EU Market Abuse Regulation (596/2014).
About Eco Buildings Group PLC
Eco Buildings is a leading innovator in prefabricated, sustainable housing technology, leveraging proprietary GFRG panel-based systems. The Company serves both the affordable and high-end housing markets with solutions that dramatically reduce construction time and cost while maintaining architectural integrity and environmental responsibility.
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 (joint Broker)
Oliver Stansfield / Jonathan Evans
CMC Capital Markets (joint Broker). Tel: +44 (0) 203 003 8254
Thomas Curran
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.
Completion of fundraise
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.
15 May 2025
Eco Buildings Group plc
(the "Company" or the "Group")
Fundraise of £670,000 to support capital expansion
Eco Buildings Group plc (ECOB), a modular housing company, announces that it has raised gross proceeds of £670,000 through a firm placing of 16,750,000 new ordinary shares at a price of 4 pence per share (the "Placing Price").
£250,000 was placed directly with one new subscriber, with the balance placed with existing shareholders.
This compares favourably to the 30-day volume weighted average price (VWAP) of 5.12 pence, representing a discount of approximately 22%.
Proceeds from the Placing will be used primarily to fund the purchase of additional capital equipment and working capital, specifically a further manufacturing line at its existing site. This investment is aimed at scaling production to help service the increasing order book emerging from Albania and Kosovo.
The Company has also agreed to issue Warrants to placees as part of the Placing on a basis of 1 Warrant for every 2 placing Shares. The Warrants may be exercised at a price of 13p. The Warrants are exercisable at any time up to the third anniversary of the date of this announcement at which time they will lapse.
Sanjay Bowry, Chief Executive Officer, commented:
This fund raise enables us to deploy additional manufacturing lines to satisfy the demand that Eco is seeing as a result of its abilities to produce inexpensive housing of high quality and at speed.
We anticipate announcing updates to this deployment throughout the year and the subsequent sales of housing as a result
Admission and Total Voting Rights
The Placing Shares will rank pari passu with the existing ordinary shares in all respects. Admission of the new ordinary shares for the Placing to the AIM Market will occur on or around 20 May 2025.
Following the admission of the new ordinary shares in relation to the Placing, the total issued share capital of the Company will be 101,211,747 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.
Appointment of Joint Broker
The Company is pleased to announce that it has appointed CMC Markets, trading as CMC CapX, as broker to the Company, with immediate effect.
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 or contact:
Eco Buildings Group plc
Sanjay Bowry, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0)20 7380 0999
Spark Advisory Partners Limited (Nominated Adviser)
Matt Davis / James Keeshan
Tel: +44 (0)20 3368 3550
Tavira Financial Limited (Broker)
Oliver Stansfield/Jonathan Evans
Tel: +44 (0)20 3192 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.
Strategic Milestones in Senegal JV and EPC Contractor Deployment
6 May 2025
Eco Buildings Group PLC
("Eco Buildings" or the "Company")
Strategic Milestones in Senegal JV and EPC Contractor Deployment
Highlights
• EPC contractor appointed to deliver Senegal production line as part of global expansion
• €1.75M investment from G2 Invest into Eco Buildings Senegal confirmed
• Visit to Albania by G2 Invest CEO Elhadji Boudy Sarr marks operational alignment
• Training of Senegalese team underway; EPC site planning visits scheduled
Eco Buildings Group plc, a UK-listed modular construction company, is pleased to provide an operational update on its newly formed Senegalese subsidiary, Eco Buildings Senegal LLC ("Eco Senegal"), a joint venture with local partner G2 Invest Group.
Following the signing of a memorandum of understanding with G2 Invest, a Dakar-based facilities management and logistics leader with over 2,000 staff, a significant milestone has now been reached: G2 Invest has formally committed to a €1.75 million investment for a 35% stake in the project. These funds will directly support the installation and activation of a new modular construction line in Senegal.
In parallel, Eco Buildings has now formally appointed a leading Engineering, Procurement, and Construction (EPC) contractor to manage the end-to-end implementation of the Senegal production facility. This EPC contractor, with a workforce of over 500 and a processing capacity of up to 700 tonnes of steel per month, brings proven expertise in delivering complex modular construction capabilities at scale.
A senior delegation from G2 Invest, led by CEO Elhadji Boudy Sarr, recently visited Eco Buildings' production site in Albania. The visit reinforced alignment between both partners and enabled hands-on collaboration on factory setup, technology transfer, and workforce training. As part of this strategic roll-out, a structured training programme for the Senegalese technical and operations team is now underway. Planning visits to the EPC contractor's facility have also been scheduled to finalise site readiness for Senegal's production launch.
Sanjay Bowry, CEO of Eco Buildings Group plc, commented:
"This momentum in Senegal reflects the operational acceleration of our global strategy. From appointing a highly capable EPC contractor to receiving the committed €1.75 million from G2 Invest, we are now entering the execution phase. The visit of Mr. Sarr and his team to Albania shows the strength of our partnership and the readiness of our ecosystem to deliver modular housing at scale in West Africa."
Elhadji Boudy Sarr, Managing Director of G2 Invest Group, added:
"Our visit to Albania confirmed the strength of Eco Buildings' production model. We are proud to bring this proven solution to Senegal, supported by a world-class EPC contractor and a clear operational roadmap. Together, we are building a foundation for affordable, efficient, and sustainable housing in the region."
⸻
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Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only/non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.
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 walls ("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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Certification of Environmental Management Award
28 April 2025
Eco Buildings Group PLC
("Eco Buildings" or the "Company")
Eco Buildings Group Albania Achieves ISO 14001:2015 Certification for Environmental Management
Eco Buildings Group plc (the "Company" or the "Group"), a UK-listed modular construction company, is proud to announce that its Albanian subsidiary, Eco Buildings Group Albania, has been awarded the ISO 14001:2015 certification for its Environmental Management System (EMS). This internationally recognized standard underscores the Group's unwavering commitment to environmental stewardship and sustainable business practices.
Commitment to Environmental Excellence
ISO 14001:2015 is a globally acknowledged standard that provides a framework for organizations to effectively manage their environmental responsibilities. Achieving this certification demonstrates Eco Buildings Group Albania's dedication to minimizing environmental impact, complying with applicable laws and regulations, and continually improving its environmental performance.
The certification encompasses the production and sale of prefabricated, Glass Fibre Reinforced Gypsum (GFRG) load-bearing wall products, highlighting the Company's focus on sustainable building materials that contribute to eco-friendly construction solutions.
Strategic Advantage in Sustainable Construction
In an era where environmental considerations are paramount, obtaining ISO 14001:2015 certification positions Eco Buildings Group Albania at the forefront of sustainable construction in the region. This achievement not only enhances the Company's reputation but also provides a competitive edge in the market, as clients and partners increasingly prioritize environmental responsibility in their selection of suppliers and contractors.
CEO Statement
Sanjay Bowry, CEO of Eco Buildings Group plc, commented:
"Securing the ISO 14001:2015 certification is a significant milestone for Eco Buildings Group Albania and reflects our Group's overarching commitment to sustainability. This accomplishment reinforces our dedication to environmental management and aligns with our strategic vision of delivering innovative, eco-friendly building solutions. We believe that responsible environmental practices are integral to long-term success and value creation for our stakeholders."
Looking Ahead
Eco Buildings Group plc remains steadfast in its pursuit of excellence in environmental management across all its operations. The Company will continue to implement best practices, invest in sustainable technologies, and engage with stakeholders to promote environmental awareness and responsibility.
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 walls ("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.
Launch of Senegalese Subsidiary with a Local Partner
24th April 2025
Eco Buildings Group PLC
("Eco Buildings" or the "Company")
Launch of Senegalese Subsidiary with a Local Partner
Highlights
· Eco Buildings launches a new subsidiary to focus on modular housing in Senegal.
· Local partner G2 Invest has pledged a €1.75M investment into the new subsidiary to fund a new construction line.
· Eco Buildings is in negotiation to construct an initial 10,000 homes for a Senegalese Government body.
Eco Buildings, a UK-listed modular construction company, is pleased to announce that it has set up a new subsidiary Eco Buildings Senegal LLC ( "Eco Senegal") to address the significant market opportunities for modular housing in Senegal.
In order to take advantage of this opportunity Eco Buildings has entered into a memorandum of understanding ("MOU") with a local partner G2 Invest Group ("G2 Invest"), a large Dakar-based facilities management and logistics company, led by MD Elhadji Boudy Sarr. G2 Invest has over 2,000 staff focussed on Real Estate and Facilities Management. G2 Invest will be responsible for the day-to-day operations of the Eco Senegal including the set up and operation of the manufacturing facilities.
To enable the rapid deployment of production capacity, G2 Invest has pledged €1.75 million into Eco Senegal for an equity stake of 35% in the subsidiary. It is anticipated that this investment will be received over the course of the next 3 months.
The €1.75m will be used to fund the deposit and full costs associated with the installation of the new production line in Senegal. This production line will be delivered via Eco Buildings Group's newly appointed EPC contractor and will provide the necessary scale for broader housing delivery as required.
All costs and expenses and cashflows are to be shared between Eco and G2 Invest.
Sanjay Bowry, Chief Executive Officer of Eco Buildings Group plc, commented:
"The setting up of Eco Senegal with G2 Invest demonstrates the increasing global demand for our GFRG modular housing solutions and the effectiveness of our international expansion strategy. Senegal is a geographic region that we have been focussing on as it has significant potential. The MOU with G2 Invest is a material step forward in realising the potential for Eco Buildings in delivering revenues and cashflows. The Directors believe that G2 Invest has the local contacts and expertise to ensure the opportunities are effectively exploited. G2 Invest's decision to invest €1.75m in Eco Senegal demonstrates both the scale of the opportunity and their commitment to its success."
Elhadji Boudy Sarr, Managing Director of G2 Invest Group SARL commented
"This partnership reflects our shared commitment to sustainable development and inclusive housing. With Eco Buildings' innovative technology and our deep local roots, we aim to transform the construction landscape in Senegal and beyond."
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 walls ("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.
Production Milestone Achieved - 16,200 sqm Modular Walls Ready for Delivery
8th April 2025
Eco Buildings Group PLC
("Eco Buildings" or the "Company")
Production Milestone Achieved - 16,200 sqm Modular Walls Ready for Delivery
Eco Buildings Group plc (the "Company" or the "Group"), a UK-listed modular construction company, is pleased to announce that it has significantly improved production time and operational efficiency at the Company's factory in Albania. This significant achievement underscores our commitment to rapid, high-quality delivery of sustainable modular housing solutions.
Figure 1: Full size Wall Figure 2: Inventory ready to dispatch
Outstanding Production Performance
The Group has produced 450 modular wall panels, each measuring 36 sqm, resulting in a total of 16,200 sqm of modular walls. These units have been produced and will be delivered to an existing contracted customer, upon completion of groundwork and foundations at the customer's site which is expected this month. This milestone is a testament to our robust production capabilities and meticulous planning. The Company expects payment in Q2 2025, a further update will be made in due course. The full value of this order is expected to generate €4M in revenue.
The direct sale of walls, for use in larger structures, rather than the sale of modular housing, is another revenue stream the Company can quickly supply through its fully operational Albanian factory.
One Shift Operation with a Vision for Expansion
Currently, this output is achieved on a single production shift. We are currently training additional staff and plan to be able to introduce double shifts each day, during this quarter, effectively doubling our production capacity. The Directors believe this significant increase will help ensure we can meet our sizeable order book and the rising market demand, while providing further economies of scale.
Sanjay Bowry, CEO of Eco Buildings, stated:
"Reaching full production from a single shift operation, at a rate significantly greater than anticipated is due to the excellent work of our engineering team and the improvements they have made to the production unit and the operating software. Our ability to produce 16,200 sqm of modular walls under a single shift operation not only demonstrates our excellent operational effectiveness but also sets the stage for even greater production capacity. By training additional staff for a second shift, we are positioning the Company to rapidly scale production and meet already contracted demand."
Looking Ahead
Achieving full production capability on a single shift is a major boost for the Company, reinforcing our position as a leader in modular construction and providing a strong foundation for future growth. As we prepare to implement the second shift, we remain committed to delivering exceptional quality and efficiency to our customers.
For more information, visit www.eco-buildings.net.
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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.