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

Director Appointment

Fox Marble Holdings plc
("Fox Marble" or the "Company")

Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region is pleased to announce that Sir Mark Lyall Grant will be joining the board as a Non-executive Director from 3 April 2022.

Sir Mark is one of the United Kingdom's most senior public servants, with more than 30 years of experience in leadership, policy making, negotiation and public presentation. He has held diplomatic postings on four continents, including High Commissioner to Pakistan and Ambassador to the United Nations. He was National Security Adviser to the Prime Minister from 2015 to 2017. He is currently a visiting professor at King's College London, and a Consultancy Adviser on National and International Security.  He is a qualified barrister and was appointed to the Bench of Middle Temple in 2011.

Andrew Allner, Chairman, commented: 

"We are pleased to welcome Sir Mark to the Board and look forward to leveraging his wealth of experience. This appointment comes at an important time for the Company and the Board looks forward to updating the market on progress made between now and the end of the year."

Further information pursuant to Rule 17, Schedule 2 (g) of the AIM Rules is set out below.

Sir Mark Justin Lyall Grant (aged 65) has held the following current and former directorships in the past five years:

Current Directorships

Lyall Grant Consulting Limited

Former Directorships in the past five years

None

Sir Mark does not hold any shares or options in the Company.

There is no other information regarding Sir Mark Lyall Grant required to be disclosed under the AIM Rules.

Ends

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

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0)20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0)20 7380 0999

Quatro PR

Gary Pleasants

Tel: +44 (0)207 566 7963/+44 (0)7966 487 739

Mark Herbert

Tel: +44 (0)7770 381608

Allenby Capital Limited (Joint Broker)

Nick Naylor/Nick Athanas/Liz Kirchner (Corporate Finance)

Amrit Nahal (Sales and Corporate Broking)

Tel: +44 (0)20 3394 2973

Tavira Securities Limited (Joint Broker)

Oliver Stansfield/Jonathan Evans

+44 (0)203 192 1739

Cairn Financial Advisers (Nomad)

Liam Murray/Sandy Jamieson/Ludovico Lazzaretti

Tel: +44 (0)20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX) is a marble production, processing and distribution company with operations in Kosovo and the Balkans.

Its marble products, which include Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argent, are gaining sales globally to wholesale companies and directly to luxury residential properties. In the UK these include St George's Homes and Capital and Counties Plc's Lillie Square development. In Sydney, Australia, Rosso Cait, Alexandrian White and Breccia Paradisea have been used in what is expected to be Australia's most expensive residential property. These sales serve to demonstrate the desirability of Fox Marble's premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

Directorate Change

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that Richard Round, a non executive director of the Company, will be stepping down from the Board with immediate effect in order to pursue other professional commitments.

The Board of Fox Marble would like to thank Richard Round for his contribution to the Company during his service and wishes him well in his future endeavors.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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

Fox Marble Holdings plc
Andrew Allner, Non Executive Chairman
Tel: +44 (0) 20 7380 0999
Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Tel: +44 (0) 20 7213 0880

Brandon Hill Capital (Broker)
Oliver Stansfield (CEO)
Tel: +44 (0) 20 3463 5000

Yellow Jersey PR
Felicity Winkles
Tel: +44 (0) 77 4884 3871
Francesca Hillier
Tel: +44 (0) 7708 400 470

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

The Company has 40 year mining licences for six separate marble quarries of which three are now in production and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres (over 1bn tons) of marble of premium quality marble.

In addition, Fox Marble has rights to extract marble from two further premium quality marble quarries, at Drini and at Malesheva in Kosovo, which is in full production, and from the Prilep Quarry in Macedonia which is also in full production and, one of only two sources worldwide of a highly prized white marble.

Directorate Changes

AIM:  FOX
20 September 2016

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces the following directorate changes effective today, 20 September 2016. 

Dr Etrur Albani will be stepping down from the Board as Managing Director in order to focus on the operational activities of the Company.  Dr Albani remains fully committed to Fox Marble and will continue supporting the Company in achieving its goals.

Dr Paul Jourdan will be retiring as a non-executive director due to increased demands on his time from his role at Amati Global Investors.

Mr Richard Round will be joining the board as a non-executive director.  Mr Round was previously Chief Executive Officer and Finance Director of a number of AIM listed and private equity backed companies in the resources sector, most recently leading the successful sale of Green Highland Renewables Limited in 2015. Mr Round now holds a number of non-executive positions across various industries.

Ms Fiona Hadfield has been re-appointed to the Board as Chief Financial Officer, following maternity leave. She replaces Ms Candice Sutherland, who will resign from the Board in order to pursue other business interests. 

Andrew Allner, Chairman, commented:

“We are pleased to welcome both Richard and Fiona to the Board and look forward to leveraging their combined wealth of experience. These appointments come at an important time for the Company and the Board looks forward to updating the market on progress made between now and the end of the year. 

“We would like to thank Etrur for his unwavering support to date.  We are pleased that Etrur remains fully committed to Fox Marble’s development and that he has confirmed he has no plans to dispose of his shareholding in the Company.

“The team and I would further like to extend collective thanks to Paul and Candice for their contributions to date, in their respective roles, and wish them well in their future endeavours. Amati Global Investors remains a highly valued investor and we will of course continue to keep closely in touch with Paul.” 

Further information pursuant to Rule 17, Schedule 2 (g) of the AIM Rules is set out below. 

Richard Calvin Round, age 58 is currently, or has been previously, a director of the following companies within the past five years:

Current directorships                                           Previous directorships
West Cumbria Mining (Holdings) Limited           Green Highland Renewables Limited
West Cumbria Mining Limited                              Green Highland Renewables (Roroyere) Limited
Cyberhawk Innovations Limited                           Lewis Wave Power Limited
Rimar Services Limited                                           Renewable Technology Ventures Limited
Anglo Asian Operations Limited                           Marine Power Projects Limited
Anglo Asian Mining plc                                           Aquamarine Power Limited
                                                                                   Brough Head Wave Farm Limited

There is no other information regarding Richard Round required to be disclosed under the AIM Rules. 

Fiona Clare Hadfield, age 36 has previously been a director of the following companies within the past five years: 

Current directorships                                             Previous directorships
None                                                                            Fox Marble Holdings plc

There is no other information regarding Fiona Hadfield required to be disclosed under the AIM Rules. 

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

Fox Marble Holdings plc     
Chris Gilbert, Chief Executive Officer     

Tel: +44 (0) 20 7380 0999
    
Cairn Financial Advisers LLP (Nomad)
Liam Murray
Sandy Jamieson
    
Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker)     
Oliver Stansfield     

Tel: +44 (0) 20 3463 5000
    
Yellow Jersey PR     
Aidan Stanley
Dominic Barretto

Tel: +44 (0) 75 8408 5670

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. 

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble. 

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia. 

Non-executive appointment

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