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Eco Buildings Group Plc issued 5,000,000 new ordinary shares on 22 September 2025, following the conversion of £200,000 in Loan Notes at a price of 4 pence per share. Admission of these shares to AIM is expected around 26 September 2025, increasing the total issued share capital to 121,211,747 ordinary shares. Separately, The Lang Family notified the company on 19 September 2025 of an acquisition of voting rights, resulting in a direct holding of 8.91%, or 10,802,683 voting rights.
| Date | 22 Sept 2025 |
| Time | 10:30:00 |
| Category | Miscellaneous |
| ID | 2569A |
Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.
22 September 2025
Eco Buildings Group plc
(the "Company" or the "Group")
Conversion of Loan Notes
Eco Buildings Group Plc (ECOB), a modular housing company, announces that it has issued 5,000,000 new ordinary shares following receipt of a conversion notice of £200,000 on the Loan Notes issued by the Company on the 4 September 2025 at a conversion price of 4 pence per share (the "Conversion").
Admission & Total Voting Rights
The new ordinary shares in relation to the Conversion will rank pari passu with the existing ordinary shares in all respects. Admission of the new ordinary shares on the AIM Market pursuant to the Conversion will occur on or around 26 September 2025.
Following the admission of the new ordinary shares in relation to the Conversion, the total issued share capital of the Company will be 121,211,747 ordinary shares, each with voting rights. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For more information on Eco Buildings please visit www.eco-buildingsplc.com or contact:
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Eco Buildings Group plc Etrur Albani, Executive Vice Chairman Fiona Hadfield, Finance Director |
Tel: +44 (0)20 7380 0999
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Spark Advisory Partners Limited (Nominated Adviser) Matt Davis / James Keeshan |
Tel: +44 (0)20 3368 3550 |
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Tavira Financial Limited (Joint Broker) Oliver Stansfield/Jonathan Evans
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Tel: +44 (0)20 3192 1739 |
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CMC Markets UK Plc (Joint Broker) Douglas Crippen |
Tel: +44 (0)20 71708200
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Notes
The Company has acquired proven and innovative prefabricated technology which has been in development and commercial use since 2006. Eco Buildings' range of prefabricated, green housing products based on glass fibre reinforced gypsum panels ("GFRG") provides a construction solution for both affordable and high-end housing.
Eco Buildings has already secured two sales contracts with major construction companies, one in Albania, the other in Kosovo, which are expected to generate gross sales revenue of approximately up to €38 million in total per annum over the first three years (approximately €114 million in total) following Admission.
The market share for factory-based building technology is expected to grow significantly over the coming years as private developers and the public sector seek to address the substantial and growing deficit in housing stock and issues of construction cost, speed and quality and housing affordability.
TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: |
Eco Buildings Group PLC |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
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Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv |
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Name |
The Lang Family |
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City and country of registered office (if applicable) |
St Helier, Jersey |
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4. Full name of shareholder(s) (if different from 3.)v |
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Name |
G.P. (Jersey) Limited Martin Lang Jacqueline Lang Frazer Lang |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reachedvi: |
19/09/2025 |
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6. Date on which issuer notified (DD/MM/YYYY): |
19/09/2025 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights of issuervii |
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Resulting situation on the date on which threshold was crossed or reached |
8.91% |
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8.91% |
10,802,683 |
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Position of previous notification (if applicable) |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rightsix |
% of voting rights |
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Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
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10,802,683 |
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8.91% |
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SUBTOTAL 8. A |
10,802,683 |
8.91% |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii |
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Full chain of controlled undertakings through which the voting rights and/or the |
X |
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Namexv |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi |
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Place of completion |
St Peter's Port, Guernsey |
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Date of completion |
19/09/2025 |