Change of Auditor

Eco Buildings Group PLC

03 May 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.

3 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: [phone]
Spark Advisory Partners Limited (Nominated Adviser) Matt Davis / James Keeshan	Tel:  [phone]
Tavira Securities Limited (Broker) Oliver Stansfield / Jonathan Evans	Tel:  [phone]

 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.

 

END