Conversion of Loan Notes & Issue of Equity
Eco Buildings Group PLC has issued 3,652,366 new ordinary shares, with 2,500,000 shares resulting from the conversion of £100,000 in Loan Notes and the remainder to settle outstanding liabilities. These new shares will rank pari passu with existing shares and are expected to be admitted to AIM on or around August 17, 2026. Following this issuance, the Company's total issued share capital will be 144,639,749 ordinary shares, with no shares held in treasury.
Select text to share a quote on X · sign in to keep highlights & notes in your ECOB notes
Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company, announced that it has issued in aggregate 3,652,366 new ordinary shares. 2,500,000 shares will be issued following receipt of a conversion notice of £100,000 on the Loan Notes issued by the Company on the 4 September 2025. The remaining shares are being issued in settlement of certain outstanding 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 17 August 2026.
Following the admission of the 3,652,366 new ordinary shares, the total issued share capital of the Company will be 144,639,749 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 is a leading innovator in prefabricated green housing products leveraging advanced technology based on glass fibre reinforced gypsum ("GFRG") panels. The Group's housing solutions address both affordable and high-end housing markets, combining speed of construction, cost efficiency and sustainability.
The market for factory-based construction technologies is expected to continue expanding as both private developers and the public sector seek scalable solutions to growing housing shortages, construction cost pressures and sustainability requirements.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.