Admission of Subscription Shares and Total Voting Rights

27 August 2024

Eco Buildings Group plc

(the "Company" or the "Group")

Admission of Subscription Shares and Total Voting Rights

Further to the announcement of the 21 August 2024, Eco Buildings Group plc is pleased confirm that 4,500,000 ordinary shares of £0.01 were admitted to listing on the AIM Market with effect from 8.00 am, 27 August 2024.

Admission & Total Voting Rights

The new ordinary shares will rank pari passu with the existing ordinary shares in all respects.

Following the admission of the new ordinary shares, the total issued share capital of the Company will be 81,461,747 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.

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

£450k Raised from New and Existing Shareholders at 10p; Deliveries and First Revenues Expected Imminently

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 August 2024

Eco Buildings Group plc

(the "Company" or the "Group")

£450k Raised from New and Existing Shareholders at 10p

Deliveries and First Revenues Expected Imminently

Deliveries from Upgraded Factory to the Group’s Two Existing Home Building Customers Set to Commence

Eco Buildings Group Plc (ECOB), a modular housing company, is pleased to announce that it has raised £450,000 via a subscription for 4,500,000 new ordinary shares (“Subscription Shares”) by several supportive existing and new shareholders (the “Fundraise”). The Subscription will be effected at a price of 10 pence per share (the “Issue Price”).

The Fundraise is conditional, inter alia, upon admission of the Subscription Shares to trading on AIM becoming effective in accordance with the AIM Rules for Companies ("Admission") and occurring by not later than 8.00 a.m. on 27 August 2024.

Use of Proceeds

The funds raised will be used to complete delivery on the previously announced 25,000 sqm purchase order for wall panels. Following the completion of the capital raise the Company also expects to sign additional purchase orders of wall panels that are currently being negotiated.

Whilst later than expected, following the completion of the lengthy process of equipment and software upgrades to our primary production line in Durres, we are now in a position to execute on our two long-standing contracts in the region, that are expected to generate revenues for the Company of over €114m over the coming 3 years.    

Sanjay Bowry, CEO, Eco Buildings said, “The management team at Eco Buildings is grateful to our shareholders for their patience and support. Today's capital raise allows us to execute on a short-term purchase order, as well as likely providing the springboard for further orders under negotiation in the near term.. While reaching this crucial revenue and cash flow point took longer than expected, our customers remain eager for our proven, innovative, low-cost modular solution. This business model, which minimizes delivery risks by batch producing near the site, keeps us competitive and ready to capture growing demand. We look forward to updating the market soon with new initiatives.”

Admission & Total Voting Rights

The new ordinary shares will rank pari passu with the existing ordinary shares in all respects.

Following the admission of the new ordinary shares, the total issued share capital of the Company will be 79,170,080 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.

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

Result of AGM

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

Results of AGM

Eco Buildings Group Plc, the AIM listed company, is pleased to announce that at its AGM held today, all resolutions were duly passed.

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

Sale of First Building

Eco Buildings Group plc

(the "Company" or the "Group")

Milestone Achieved with First Building Produced and Sold

Eco Buildings Group Plc (AIM: ECOB), the UK-listed modular housing company, has completed and sold its first full building.  This benchmark for the Company comes on the heels of its recent announcement of an upgrade to fully automated production at its panel manufacturing facility in Durres, Albania that allows the Company to produce panels at a higher rate and a lower cost than previously forecast.  The manufacture and sale of its first modular building showcases the Group's new facility, with fully automated production enhancing the Company's competitive edge in this high-growth industry.

Sanjay Bowry, CEO, Eco Buildings said, "The construction and sale of our first complete building to a customer in Albania is an important milestone for Eco Buildings.  Our dedicated management and engineering teams in Durres have delivered innovation, increased productivity and reduced cycle times. This important step underscores our ability to deliver on our pipeline of contracted projects.

Eco Buildings is now strategically positioned to leverage its manufacturing capabilities in the marketplace. The company continues to focus on expanding its presence in the modular construction sector, driving forward with a commitment to innovation and efficiency."

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 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

Final Results for the year ended 31 December 2023

Results announcement

Eco Factory in Albania fully automated and operational - Yields Significant Improvements in Productivity, Reduced Cycle Times and Increase in Operating Efficiency

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.

Eco Buildings Group plc

(the "Company" or the "Group")

Eco Factory in Albania fully automated and operational

Yields Significant Improvements in Productivity, Reduced Cycle Times and Increase in Operating Efficiency

Eco Buildings Group Limited (AIM: ECOB), the UK-listed modular housing company, after a lengthy process of innovation and equipment and software upgrades, announces that it has now achieved fully automated production at its Albanian facility.  This is a significant enhancement for the production line. The fully automated production line not only delivers walls of the highest-ever quality and consistency, but equally, does so at significantly higher output per day than previously achieved.  Production time has been reduced by 33% thus increasing operating efficiency.

A single production line is now capable of producing over 177,000 sqm of GFRG  (glass fibre reinforced gypsum) walls per year – enough to deliver 768 houses a year based on a standard 60 sqm two story flat roof detached house plan.

These improvements have been achieved through incorporating new technology into the production process and a rigorous engineering overhaul of every component. This has yielded a reduction in cycle-time to produce a wall, vastly improved panel quality standards and increased operational efficiency and cost reduction.  This upgrade will improve revenue and profit projections for the current production line in Albania, now and into the future. It will also increase the Company’s store of Intellectual Property. These innovations will be incorporated into further production lines as they are installed and as the Company expands into new markets such as the Republic of Chile.

Sanjay Bowry, CEO, Eco Buildings said, “The process to get our production line, in Durres, to this stage of fully automated continuous production has been challenging and was achieved due to the outstanding skills and innovation of our local teams. It has resulted in a significant upgrade in productivity, efficiency and output. Additionally, we have added to our IP and further differentiated ourselves from the competition. The developments made in our software systems, which will drive productivity, efficiency and increase production pushing out the need for a second line in Durres.  In addition, it is important to stress that these improvements will now be standardised in all our subsequent production lines.  I’d like to thank all stakeholders for their patience as we have innovated our production facility to fully automated production and look forward to now significantly accelerating our outreach to the market as the Company delivers into its existing contracts and enters new markets that are already identified.”

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 €144 million over the first three years 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.

Change of Auditor

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.

03 May 2024

Eco Buildings Group plc

(the "Company" or the "Group")

Change of Auditor

Eco Buildings Group PLC (ECOB), the UK-quoted modular housing company, announces the appointment of Shipleys LLP as its new external auditor to replace PKF Littlejohn LLP (“PKF”).  PKF have confirmed that there are no circumstances connected with their resignation which they consider should be brought to the attention of the Company's members or creditors in accordance with Section 519 of the Companies Act 2006

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.

Group Receives Official Certification for Latin American Markets

RNS REACH

18  April 2024

Eco Buildings Group plc

(the "Company" or the "Group")

Group Receives Official Certification for Latin American Markets

Highlights

·      The Group's walls have been approved for use under national building regulations in Chile, following a full range of stress tests.

·      Certification from this noted testing centre in Santiago is accepted by countries across Central and South America enabling market access across Latin America

Eco Buildings Group Limited (AIM: ECOB), the UK-quoted modular housing company, is pleased to announce that the government-approved testing department at the Catholic University of Chile in Santiago, has informed the Company that its wall panels, have successfully passed the government's rigorous testing program for use in its construction market. 

This noteworthy development is the result of months of meticulous testing that began back in July 2023 where the Group's building materials were subjected to the most extensive evaluations for strength, durability, fire-resistance, sound insulation and structural integrity.  The results from the Catholic University testing center surpassed their stringent standards on all test variables, demonstrating the reliability and adaptability required to meet the exacting building regulation standards governing the construction industry in the region.

As a result of this performance success in Chile, it is the Company's understanding that its walls will also be deemed compliant across a substantial number of Latin American markets, allowing for significant future growth prospects in Chile and across the wider region.  The full 40-page report will soon be made available on our website, www.eco-buildings.net.

Sanjay Bowry, CEO, Eco Buildings commenting on this exciting development, "Obtaining approval in a market with such exacting standards as Chile, is a significant milestone for Eco Buildings Group.  It re-affirms the quality of our product offering as well as allowing us to accelerate efforts to sign new opportunities for growth in Chile, and elsewhere in Latin America.  This opportunity is expected to complement our existing €114M order book in Europe, into which the Company expects to shortly commence deliveries from its recently upgraded factory in Albania.

I look forward to updating the market on these operations and delivery progress as well as further progress for the Company across production improvements and contract wins in the coming weeks as Eco continues to penetrate the world's modular housing markets."

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

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.

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.

Non-Executive Director Etrur Albani Appointed Executive Vice Chairman

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 April 2024

Eco Buildings Group plc

(the "Company" or the "Group")

Board Change  Non-Executive Director Etrur Albani Appointed Executive Vice Chairman

Eco Buildings Group Limited (ECOB), the UK-quoted modular housing company, is pleased to announce that Dr Etrur Albani, co-founder and non-executive board member, has agreed to assume a full-time role as the Group’s Executive Vice Chairman.  In his new role, Dr Albani will be responsible for managing existing client relationships as well as developing new contracts, working with CEO Sanjay Bowry in setting and maintaining the Company’s strategy on how best to capture the rapidly growing demand for modular housing worldwide in general, and for the Group’s innovative product offering in particular. 

Dr Albani has a PhD in High Speed Communication Devices and has been pivotal in commissioning  the Group’s manufacturing system for automated wall panel production and delivery into the Group’s standing 3-year, €114M order book in the region.   In addition, Dr Albani’s understanding of the Company’s manufacturing materials and processes have aided his efforts to introduce Eco Buildings’ housing solution to new markets.

Dr Etrur Albani, Incoming Executive Vice Chairman, Eco Buildings, “I have always believed in the potential for the modular housing sector and Eco’s role within this sector.  Eco’s is uniquely positioned with a process that creates robust housing materials that are both low cost and of the highest ecological specifications.  Therefore in consultation with the Board, I have agreed that one way to help the Company more efficiently capture its rightful share of this worldwide opportunity, is for me to formally dedicate myself to the Company as Executive Vice Chair.

As the Company’s largest shareholder, I want to assure our long-supporting as well as potential investors, that my efforts will be keenly focused on creating shareholder value and improving the performance of our shares.  Your trust and investment in our company are paramount and I am committed to working diligently towards our collective success.”

Don Nicolson, Chairman, Eco Buildings said, "On behalf of myself and the entire Eco Buildings’ board, I want to thank Etrur for agreeing to assume a senior, executive role at the Company.  He has been critical to the team’s efforts to date commissioning our production facilities while simultaneously developing new relationships in new markets.  Having him now as Executive Vice Chair, where he can be directly assist Sanjay in setting strategy and developing new markets for our products, will be good for all stakeholders”

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.

Board Changes

18 January 2024

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.

Eco Buildings Group plc

(the "Company" or the "Group")

Board Changes

Eco Buildings Group plc (the “Company” or the "Group") is pleased to announce the following board changes that the Board believes marks a new chapter in its journey towards sustainable growth and success.

Board Change – Retirement of Andrew Allner

Andrew Allner served as Chairman of Fox Marble Holdings PLC for over 12 years and continued as Chairman of Eco Buildings Group PLC following the RTO. He now feels, following the completion of the RTO, the relocation of the Company’s factory from Dubai to Durres, and the successful production of our first wall that now is the time for him to retire. He has played a pivotal role in leading the Board and Company through a transformative period and the Company extends its gratitude for his invaluable contribution throughout his tenure.

Appointment of Don Nicolson as Chair with Handover Period

Eco Buildings is pleased to announce that Don Nicolson has been appointed to take on the role of non-Executive Chairman. Don is a senior business leader with 40 years experience in a range of sectors, both in the UK and internationally. He has held multiple executive and non-executive roles in both publicly listed and private companies. Don spent 26 years at BP, where senior roles included Director North Sea and Chief of Staff to BP’s E&P CEO. Other notable roles include, Chairman and interim CEO for Spain’s Levantina Natural Stone Company, E&P Advisory Board member for SSE plc and Independent non-Executive Director for Scirocco Energy plc. Don is currently Non-Executive Chairman of Zenova Group plc.
To ensure a smooth transition, a handover period will take place until the end of February,  during which Andrew and Don will collaborate closely to transfer responsibilities and knowledge.

Dismissal of Dominic Redfern
The Company confirms the immediate dismissal of Dominic Redfern, Executive Vice Chairman, for cause. This decision aligns with our commitment to upholding the highest standards of conduct within our organisation.

Confidence in Future Growth
As we bid farewell to Andrew Allner, we express our heartfelt thanks for his significant contributions to the Group over the last twelve years. Don Nicolson, with his wealth of operational experience, steps in to steer Eco Buildings, as we transition into full production at the new Durres factory. We remain confident in our trajectory in the modular housing sector, and a positive future for Eco Buildings Group PLC.

Outgoing Chairman Andrew Allner, “I have very much enjoyed my time at Fox Marble and at Eco Buildings. We have faced a number of challenges over the years and whilst business has not been easy Fox Marble is now showing signs of stabilisation. I believe that the modular building sector will see significant future growth and opportunity across the world and that Eco Buildings is well positioned to take advantage of these trends and create value for shareholders. I am very pleased that Don Nicolson, with his extensive business experience, is taking over from me and I wish him and the Company the best of luck.”

Don Nicolson, incoming Non-Executive Chairman at Eco Buildings, "I have been familiar with Eco Buildings since well before the RTO, I'm honoured to lead the Company through its next developmental strides. Leveraging the substantial order book, we aim to accelerate growth, which is a key strategic focus for the Company. I extend my gratitude to Andrew for steering the Company to this stage, allowing me to guide the Company on delivering orders in Albania and expanding into new markets. "

Sanjay Bowry, CEO of Eco Buildings, states, "I express my sincere gratitude to Andrew for his invaluable advice, instrumental in propelling Eco Buildings to this critical pre-full-production stage. I warmly welcome Don to our Board, anticipating a collaborative effort to tap into tremendous growth opportunities for eco-friendly, modular housing on a global scale. Together, with Don's wealth of strategic, commercial and operational experience, we are poised for substantial success, making this news exciting for all our stakeholders."

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  

Nominated Adviser: Spark Advisory Partners Limited
Matt Davis / James Keeshan  
Tel: +44 (0)20 3368 3550  

Broker: Tavira Financial Limited
Oliver Stansfield / Jonathan Evans  
Tel: +44 (0)20 3192 1739  

AIM Rules Schedule 2(g) disclosures

The following information is disclosed in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies in connection with the appointment of Donald Oag Nicolson, aged 63, to the Board of the Company.

Current directorships

Zenova Group Plc

Past directorships (held within the last five years)

Scirocco Energy Plc

Zenova Distribution Ltd

Zenova Ltd

Levantina Y Asociados De Minerales, S.A.U.

There are no further disclosures required in accordance with Rule 17 or Schedule 2(g) of the AIM Rules.

Board Change

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.

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

Board Change

Eco Buildings Group Plc announces that Dominic Redfern has been suspended from his role as Executive Vice Chairman, pending further investigation by the Company.

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

Factory Update - First Wall Produced

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.

18th December 2023

Eco Buildings Group plc

(the "Company" or the "Group")

Factory Update - First Wall Produced

Highlights

·         Company’s first manufacturing facility established in Dürres, Albania

·         First walls have been produced at the new factory

·         Full scale commercial production in Q1 2024 to commence fulfilling orders in excess of €100 million over the next three years

Eco Buildings Group Limited (AIM: ECOB), the UK-listed green tech housing company, has commenced early production at its recently completed facility at Dürres, Albania with the manufacture and assessment of its first walls.

This follows the successful relocation of the production line from Dubai and an extensive programme of refurbishment and technical upgrades to the plant at the Company’s custom built 2,440 sqm facility at Dürres. This will improve production capacity, reliability and quality as the Group begins fulfilling an order book of some €114 million in Albania, as previously disclosed. An additional production line is expected to be installed during  2024.

Sanjay Bowry, CEO, Eco Buildings said, “I would like to congratulate the team in Albania for bringing the factory into operation as efficiently as they have, culminating in this major milestone for Eco Buildings of producing its first walls at the new facility.   

We have a significant existing order book which will generate in the order of €100m in revenue over the next 3 years. We expect to add to this during 2024, particularly in already identified markets such as Chile and Spain

The scale and scope of our target market continues to grow, and the team at Eco Buildings is building capacity to address this opportunity. Our factory-based construction technology is as little as half the cost, a third of the weight, and a fifth of the installation time as conventional construction, and with a significantly reduced impact on the environment.

We look forward to updating the market soon on these matters and to continue to provide regular updates over the coming months.”

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.

Results of AGM

Eco Buildings Group PLC

(“Eco Buildings” or the “Company”)

Eco Buildings Group Plc, the AIM listed company is pleased to announce that at its AGM held today, all resolutions were duly passed.

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

Factory Update

Eco Buildings Group plc

(the “Eco Buildings” or the "Company")

Factory Update

 Equipment Installation Complete and Production of First Wall Imminent

Eco Buildings Group Limited (ECOB), the AIM listed modular housing company, is pleased to announce that following the transfer of its innovative production equipment from Dubai to its new purpose built 2,440 square metre factory in Durres, it has completed a comprehensive refurbishment and upgrade programme of all essential machinery required to produce its wall panels. 

The refurbishment is expected to enhance production efficiency going forward as well as extending the operational life of the manufacturing plant.  The Company has assembled a team on site combining expertise from the factory in Dubai, with engineering professionals local to the region.

Sanjay Bowry, CEO, Eco Buildings said, "I am pleased that this important milestone has been reached ensuring a solid platform for manufacturing at Durres for years to come.  We look forward to the imminent manufacture of our first wall at the new facility.

The Company’s management and engineering team have worked diligently to deliver the new facility in Durres, needed for Eco Buildings to deliver on its order book, beginning with its first 2 contracts as noted in the Admission Document, valued at €114m in revenue spread over the next 3 years. 

I look forward to keeping shareholders appraised of our progress over the coming period.”

Images of the factory can be found at Gallery 1 — Eco Buildings Group Plc (eco-buildingsplc.com)

Interim Results For The Period Ended 30 June 2023

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Final Results for the year ended 31 December 2022

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Admission to Trading on AIM and First Day of Dealings

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.

Fox Marble Holdings plc (to be renamed Eco Buildings Group plc)
(the "Group")

Admission to Trading on AIM and First Day of Dealings

Fox Marble Holdings plc (AIM: ECOB) (to be renamed Eco Buildings Group plc), is pleased to announce the readmission of its shares to trading on AIM ("Admission") following completion of the reverse takeover of Eco Buildings Group Limited ("Eco Buildings" and the enlarged group following Admission being the "Group"), a company that will operate in the prefabricated modular housing sector.

Eco Buildings acquired the proven and innovative prefabricated modular technology using glass fibre reinforced gypsum (GFRG), an alternative construction method to achieve faster and more economical development of residential, commercial and industrial dwellings. Since 2006, over US $6 million has been invested in the technology by Dominic Redfern, who has joined the board, to establish a high quality, low cost and environmentally friendly range of modular housing products.

Based on this technology, Eco Buildings' management team has utilised its network, particularly in the Balkans, and has initially secured two contracts in Albania that are expected to generate gross sales revenue of up to €114 million in total over the first three years following Admission.

The Directors believe Eco Buildings' range of modular housing products provides a solution for the construction of both affordable and high-end housing, with Eco Buildings' products being up to 50% cheaper, two-thirds lighter and five times faster to deploy than conventionally built homes.

Sanjay Bowry, the incoming CEO of the Enlarged Group, commented:

"We are very proud to be re-joining AIM today with Eco Building's new strategic focus. We have an exciting opportunity ahead of us and being a quoted business will allow us to capitalise on this and accelerate our growth plans."

Placing

The Group has successfully raised £2.7 million (before expenses) via a placing of 4,946,313 new ordinary shares at an issue price of 55 pence per share (the "Placing"). The net proceeds of the Placing will be used to expand the Enlarged Group's production capacity, meet its obligations under two existing sales contracts and accelerate growth.

SPARK Advisory Partners Limited is acting as Nominated Adviser and Tavira Financial Limited is acting as broker in relation to Admission.

The ISIN of the Ordinary Shares is GB00BRJTP124, the SEDOL of the Ordinary Shares is BRJTP12 and the Group's LEI number is 213800GJKNNE3VRWDD37.

Total Voting Rights

The number of shares in issue immediately after Admission is 70,070,080 giving the Group a market capitalisation of approximately £38.5 million at the issue price of 55 pence per share. Admission took place at 8.00 a.m. today, 2 June 2023.

The Group holds no shares in treasury and therefore the figure above 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 share capital of the Group under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Change of Name and TIDM

The Group's TIDM has changed to "ECOB" with effect from Admission. The Group has today resolved to change its name to Eco Buildings Group plc ("Change of Name"), the Change of Name is being processed by Companies House and will take effect on the London Stock Exchange once this has occurred.

Board Changes

On Admission, Sanjay Bowry, Etrur Albani, Dominic Redfern and Ahmet Shala will join the Board, Christopher Gilbert and Roy Harrison have stepped down from the Board.

Full details of the Directors are given in the Group's Admission Document dated 28 April 2023. There are no further disclosures to be made pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

Christopher Gilbert, departing Chief Executive Officer, commented: 

"I, along with my colleague Roy Harrison, as departing directors, would like to wish Sanjay Bowry and the Eco Buildings' team the very best on their future endeavours. We are proud of what Fox Marble has achieved in completing the reverse takeover of Eco Buildings and have every confidence the executive team will deliver significant long-term value for the Group's shareholders"

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

Fox Marble Holdings PLC (to be renamed 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

Result of General Meeting, Change of Adviser, Change of website and Directorate changes

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.

Fox Marble Holdings plc
("Fox Marble" or the "Company" or “the Group”)
(to be renamed Eco Buildings Group plc)

Result of General Meeting
Change of Adviser
Change of Website
Directorate Changes

On 28 April 2023, Fox Marble announced the proposed acquisition of Eco Buildings Group Ltd ("Eco Buildings") for a total consideration of £30 million, to be satisfied by the issue of the Consideration Shares at the Placing Price. 

The acquisition was conditional, inter alia, on shareholder approval, and constituted a reverse takeover under the AIM Rules.  Upon completion, the Company will be renamed Eco Buildings Group plc and its new ticker symbol will be "ECOB".

General Meeting

Fox Marble is pleased to announce that, at the General Meeting held earlier today, all resolutions were duly passed, and that the acquisition of Eco Buildings is subject only to Admission, which is expected to take place at 8.00 a.m. on 2 June 2023.

Resolution numbered 15 in the notice of General Meeting, being an ordinary resolution to be voted on by the Independent Shareholders to approve the waiver by the Takeover Panel of the obligation that would otherwise arise for the Concert Party to make a general offer for the Enlarged Group under the Rule 9 of the Takeover Code, was passed.

Change of Name

As a result of the Resolutions having been passed at the General Meeting, Fox Marble will change its name to Eco Buildings Group plc on or around Admission.

Change of Nominated Adviser

Immediately following Admission, Spark Advisory Partners Limited will be appointed as the Company’s nominated adviser.

Share Reorganisation and Bonus Issue

As a result of the passing of the Resolutions, the Share Reorganisation will become effective as of 6.00 p.m. on 1 June 2023 and accordingly every one Existing Ordinary Share of the Company at the Record Date will be sub-divided into 13 Sub-divided Shares and every 659 Sub-divided Shares will then be consolidated into one Post-Consolidation Share. Each of the Post-Consolidation Shares, at the Record Date, will be sub-divided into one new ordinary share of £0.01 each and one new deferred share of £0.50 each, in each case having the rights and being subject to the restrictions set out in the New Articles. The new ordinary shares of £0.01 each shall have the same rights and be subject to the same restrictions as the Existing Ordinary Shares in the capital of the Company.

In addition, the passing of the Resolutions also means that the Bonus Issue of new Preference Shares will be effective as of 6.00 p.m. on 1 June 2023 and accordingly every holder of Ordinary Shares (following the Share Reorganisation) will receive one New Preference Share for every Ordinary Share held. The New Preference Shares shall have the rights, and be subject to the restrictions, set out in the New Articles.

Change of website

Following Admission, the website of the Company will change to www.eco-buildingsplc.com.

Placing

As announced on 28 April 2023, Fox Marble has raised approximately £2.7 million (before expenses) through a conditional placing of 4,946,313 Placing Shares at 55 pence per New Ordinary Share, which will be used to expand the Enlarged Group’s production capacity, meet its obligations under two existing sales contracts and accelerate growth.

Admission

Fox Marble has applied to the London Stock Exchange for the Admission of the Enlarged Issued Share Capital comprising 70,070,080 New Ordinary Shares to trading on AIM.  Admission is expected to become effective and dealings on AIM in the New Ordinary Shares are expected to commence at 8.00 a.m. on 2 June 2023.

The New Ordinary Shares will be traded under the TIDM "ECOB" and with the ISIN GB00BRJTP124.  The figure of 70,070,080 Ordinary Shares may be used by shareholders as the denominator for 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 FCA's Disclosure Guidance and Transparency Rules.

Board Changes

On Admission, Sanjay Bowry, Etrur Albani, Dominic Redfurn and Ahmet Shala will join the Board, Christopher Gilbert and Roy Harrison will resign from the Board on Admission.

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Company's announcement on 28 April 2023.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Fiona Hadfield, Finance Director

Tel: +44 (0)20 7380 0999

Cairn Financial Advisers LLP (Nominated Adviser)

Liam Murray/Sandy Jamieson/Ludovico Lazzaretti

Tel: +44 (0)20 7213 0880

Spark Advisory Partners Limited (Nominated Adviser to the Enlarged Group subject to Admission)

Matt Davis / James Keeshan / Jack Lund

Tel: +44 (0)20 3368 3550

Tavira Financial Limited (Broker)

Oliver Stansfield/Jonathan Evans

Tel: +44 (0)20 3192 1739

TR-1: Standard form for notification of major holdings

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Confirmation of Admission Date, Updated Timetable and Update on Shareholder Record Date

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