Issue of Equity
Eco Buildings Group PLC announced the issuance of 192,307 new ordinary shares following the receipt of a warrant notice of £25,000. These warrants were initially issued on May 14, 2025, with a conversion price of 13 pence per share. Admission of these new shares to the AIM Market is expected around October 31, 2025. Following this admission, the company's total issued share capital will be 121,404,054 ordinary shares, each carrying voting rights. This figure is relevant for shareholders determining their notification requirements regarding their interest in the company.
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Eco Buildings Group Plc (ECOB), a modular housing company, announces that it has issued 192,307 new ordinary shares following receipt of a warrant notice of £25,000 on the warrants issued on the 14 May 2025 at a conversion price of 13 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 31 October 2025.
Following the admission of the new ordinary shares in relation to the Conversion, the total issued share capital of the Company will be 121,404,054 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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.