Conversion of Loan Notes & Holding(s) in Company
Eco Buildings Group PLC announced the issuance of 5,000,000 new ordinary shares following a £200,000 conversion of Loan Notes. The conversion price was 4 pence per share. Admission of these new shares to the AIM Market is expected around September 26, 2025. Following admission, the company's total issued share capital will be 121,211,747 ordinary shares, each with voting rights. Separately, The Lang Family has crossed a notifiable threshold and now holds 8.91% of the voting rights attached to shares, representing 10,802,683 voting rights.
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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.
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.
TR-1: Standard form for notification of major holdings
- Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
- Reason for the notification (please mark the appropriate box or boxes with an "X")
| An acquisition or disposal of voting rights | X |
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii :
Details of person subject to the notification obligation iv
| Name | The Lang Family |
| City and country of registered office (if applicable) | St Helier, Jersey |
Full name of shareholder(s) (if different from 3.) v
| Name | G.P. (Jersey) Limited Martin Lang Jacqueline Lang Frazer Lang |
| City and country of registered office (if applicable) | |
| 5. Date on which the threshold was crossed or reached vi : | 19/09/2025 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 19/09/2025 |
- Total positions of person(s) subject to the notification obligation
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuer vii |
|---|---|---|---|
| Resulting situation on the date on which threshold was crossed or reached | 8.91% | 8.91% | 10,802,683 |
| Position of previous notification (if applicable) | |||
| A: Voting rights attached to shares | |||
| Class/type of shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | |
| 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) |
| 10,802,683 | 8.91% | ||
| SUBTOTAL 8. A | 10,802,683 | 8.91% | |
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
| Type of financial instrument | Expiration date x | Exercise/ Conversion Period xi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |
| SUBTOTAL 8. B 1 | |||||
| Type of financial instrument | Expiration date x | Exercise/ Conversion Period xi | Physical or cash settlement xii | Number of voting rights | % of voting rights |
| SUBTOTAL 8.B.2 | |||||
| Name xv | % 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 | ||
In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
Additional information xvi
| Place of completion | St Peter's Port, Guernsey |
| Date of completion | 19/09/2025 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.