Dominican Republic Delegation Visit Follow-Up

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.

19th November 2024

Eco Buildings Group plc

(the "Company" or the "Group")

Dominican Republic Delegation Visit Follow-Up

Letter of Intent confirming order for 10,000 houses valued at USD237m

Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company, is pleased to provide an update following the recent visit of the Dominican Republic delegation, led by Minister Carlos Bonilla Sanchez ( Minister for Housing, Habitat and Buildings)  to our manufacturing facility in Albania.

The visit marks a significant milestone in the partnership discussions between Eco Buildings and the Dominican Republic government. The delegation's inspection of our state-of-the-art, fully automated factory underscored the transformative potential of our modular housing solutions. With products that are up to 50% cheaper, two-thirds lighter, and five times faster to build than conventional homes, our technology is uniquely positioned to address the Dominican Republic's pressing social housing needs.

During the visit, Minister Bonilla Sanchez expressed strong interest in the advanced capabilities of our manufacturing processes and the quality of our glass fibre-reinforced gypsum (GFRG) panels, which have already been certified in Chile and approved for use across multiple Latin American markets. This visit reinforced the Dominican Republic government's confidence in Eco Buildings as a strategic partner for delivering affordable, sustainable housing solutions.

Following the visit, detailed negotiations have progressed positively, building on the Letter of Intent signed with Gramma Constructora SRL (a large private construction company headquartered in the Dominican Republic). This agreement outlines the purchase of 10,000 modular homes over the next five years, subject to regulatory approvals. Importantly, the approval process will require homologation rather than full certification, significantly streamlining the timeline. Additionally, the sample wall is already on its way to the Dominican Republic for evaluation and testing. Gramma Constructora SRL has committed to acquiring an initial tranche of 2,000 units annually upon receiving the necessary governmental certifications. Discussions are also advancing regarding the potential establishment of a turnkey manufacturing facility in the Dominican Republic, further demonstrating Eco Buildings' commitment to local economic development. The value of the total contract once executed is USD237m of gross revenue to Eco Buildings Group PLC.

Sanjay Bowry, CEO of Eco Buildings, commented:

 "We are very pleased with the progress achieved during the Dominican Republic delegation's visit to our Albanian factory. Their enthusiasm and recognition of our technology's value reaffirms Eco Buildings' ability to meet critical housing challenges globally. The successful alignment of our vision with their housing strategy marks the beginning of what we hope will be a long-term, impactful partnership."

"We look forward to formalizing agreements in the near future and contributing to the Dominican Republic's social housing initiatives, helping to deliver thousands of homes that are not only affordable but also sustainable and high-quality."

Eco Buildings remains committed to supporting governments and private sector partners worldwide to address housing deficits with innovative, efficient, and eco-friendly solutions. Further updates on this partnership and its developments will be announced in due course.

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.

Delegation from the Dominican Republic Visit

12th November  2024

Eco Buildings Group plc

(the "Company" or the "Group")

Delegation from the Dominican Republic Visit

Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company, is pleased to announce that a delegation from the Dominican Republic is today visiting Eco's factory in Albania to inspect the manufacturing facility and its products being up to 50% cheaper, two-thirds lighter and five times faster to build than conventionally built homes.

The delegation is headed by Minister Carlos Bonilla Sanchez  - the current Minister of Housing, Habitat and Buildings for the government and is the first step to provide much needed social housing for the Dominican Republic.

Eco Buildings is in detailed negotiations to provide modular houses in support of the development of large volumes  and expects to provide a further update in the near term.

As previously announced the manufactured building material (glassfibre reinforced gypsum wall - GFRG) has been fully tested and certified in Chile and as a result is accepted as an approved building material in a number of Latin American countries including the Dominican Republic.

Sanjay Bowry, CEO, Eco Buildings said, "We believe Eco Buildings produces the highest specification, lowest cost product in the market. Moreover, with the fully automated factory in full production, we welcome Minister Bonilla Sanchez whose visit to our factory to examine our compelling product and provide assurance over the security of supply is expected to lead to orders from his government.

We look forward to  updating the market on meeting the requirements of the social housing programme in the Dominican Republic.

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.

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.

Showcase houses for Chile constructed and shipped

6 November 2024

Eco Buildings Group plc

(the "Company" or the "Group")

Showcase houses for Chile constructed and shipped

Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company, is pleased to announce that it has assembled and shipped three show houses to Chile. This is the next  step towards entering into a long-term manufacturing and supply contract for modular housing under the Chilean government's social housing programme.

These houses are 60 sqm two story detached single dwelling units and come complete with basic sanitaryware,  bathrooms, internal doors and fittings, making them fit for habitation immediately.  

As previously announced on 18 April 2024 the manufactured building material (glass fibre reinforced gypsum wall - GFRG) has already been fully tested and confirmed as meeting national building regulations in Chile and other South American markets.

Sanjay Bowry, CEO, Eco Buildings said, "The progress in Chile emphasizes the appeal and wide-reaching potential of our product which we believe can be installed five times faster than conventionally built homes at half the cost. This achievement not only highlights our ability to connect with diverse markets but also demonstrates the opportunities that lie ahead as we expand our footprint.  With the inherent potential of this  product, we are poised to meet the needs of a growing customer base.

We look forward to updating the market on meeting the requirements of the social housing programme in Chile and the specific volumes and economics of this programme."

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.

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.

Orders Update

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.

16 October 2024

Eco Buildings Group plc

(the "Company", "Eco" or the "Group")

First order received from the original contract with Egeu Stone Sh.p.K 

Orders for landmark Apartment development in Tirana for 26 apartments

Order for one 400 sq metre showhouse to commence development

Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company, is pleased to announce its first confirmed order under the terms of its contract with Egeu Stone, as initially disclosed at the time of the RTO. This follows confirmation that the Company's state-of-the-art factory in Albania is now fully automated, operational and able to satisfy these orders.

The order consists of a turn-key solution for twenty-six modular apartments, each measuring 100 square meters, in a single apartment block in Tirana. The value of this project to Eco Buildings is estimated to be €3m, this is expected to be received in 2025. This highlights the strong value proposition of Eco's high-quality, cost-efficient modular solutions. Under the terms of the contract, as outlined in the admission document, Eco Buildings will participate in the project's profit margins alongside the developer, Egeu Stone which enhances Eco's own profitability. The project will commence with the wall installation scheduled for the first week of November.

In addition, Egeu Stone has confirmed a second order for a 400 square metre showhouse, to be assembled at Olive Park Residences, a prestigious development adjacent to Rolling Hills-Tirana's most exclusive residential area. This marks the first step in providing Eco's innovative modular homes within the Olive Park complex, further validating the company's growth prospects in premium markets.   Olive Park Residences Housing Complex

Sanjay Bowry, CEO of Eco Buildings, commented:

"We are confident that Eco Buildings offers the highest specification, lowest cost product on the market. With our fully automated factory now in production, we can provide prospective customers with both a tangible demonstration of our cutting-edge product and the assurance of reliable, scalable supply. We expect this to drive further orders in the near future.

Demand for Eco's modular housing solutions, both within the Balkans and internationally, continues to reinforce our confidence in the Group's profitability. Our management team and engineering specialists in Durres remain focused not only on delivering our growing order book but also on positioning the company to capture emerging international opportunities"

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.

Interim Announcement 30 June 2024

Link

Order Update

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.

20 September 2024

Eco Buildings Group plc

(the "Company", “Eco” or the "Group")

New Wall Panel Order for 5,000 sq. metres Received

Multiple Small Dwellings Also Assembled and Sold

Over €1M in Revenues Now Forecast for Year-End 2024

Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company, is pleased to announce that it has received a preliminary order of 5,000 sqm of walling from R&T Sh.p.K. for installation as a permanent perimeter wall around a residential tourist site in Albania.

Eco is also in detailed negotiations to provide the buildings making up this development and expects to be able to provide a further update in the near term.

In addition, the Company has commenced deliveries of walling material from its fully operational factory in Albania to its customer who has placed an order for 25,000 sq. metres as announced last month. The balance of deliveries will continue over the coming months.

In addition, the Company already executed on three new orders for small structures which have already been delivered to the customer, with the last structure currently in final assembly stage. These dwellings include a 40 sqm single story office, a 25 sqm security guard block and a 120 sqm 2 storey laboratory currently being completed.

Accordingly, the Board can advise it is expecting to receive over €1,000,000 of revenues from the sale of Eco products between now and year end (being 31 December 2024).

Sanjay Bowry, CEO, Eco Buildings said, “We believe Eco Buildings produces the highest specification, lowest cost product in the market. Moreover, with the fully automated factory in full production, we can provide new customers visiting our factory with both a compelling product to examine and assurance over the security of supply, which is in turn expected to lead to further orders.

The demand, both locally in the Balkans and internationally, continues to reinforce our confidence in the Group’s near- and long-term profitability.

Along with our management team and engineering specialists in Durres, we are focused on not just managing the Group’s delivery schedule and growing order book, but also on how best to position the Company to efficiently capture the international joint venture opportunities emerging for us, as word spreads of the Eco housing solution.

We look forward to the future with great optimism, not only to meet near-term revenue forecasts, but also on leveraging the Company’s efficient business model to realise emerging opportunities.”

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.

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

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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.

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.