Issue of Shares
Company issued 3 million shares at 1p nominal value to settle existing liabilities.
- New ordinary shares issued 3,000,000
- Nominal value per share 1p
- Total issued share capital post-admission 84,467,767 ordinary shares
- Expected gross sales revenue from contracts approximately €38 million per annum over first three years
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Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company, announced that it has issued in aggregate 3,000,000 new ordinary shares at a nominal value (1p) in settlement of existing liabilities.
Admission & Total Voting Rights
The New Ordinary Shares will rank pari passu with the existing ordinary shares in all respects. Admission to AIM of the New Ordinary Shares will occur on or around 23 January 2025.
Following the admission of the 3,000,000 new ordinary shares, the total issued share capital of the Company will be 84,467,767 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.
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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.