REG - Eco Buildings Group - Change of Auditor

Eco BuildingsAnnouncement

03/05/2024 07:00

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RNS Number : 0861N  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 (http://www.eco-buildings.net/)

For more information contact:

 Eco Buildings Group plc                                Tel: +44 (0) 207 380 0999

 Sanjay Bowry, Chief Executive Officer

 Fiona Hadfield, Finance Director
  Spark Advisory Partners Limited (Nominated Adviser)    Tel:  +44 (0) 203 368 3550

 Matt Davis / James Keeshan
 Tavira Securities Limited (Broker)                     Tel:  +44 (0) 203 192 1739

 Oliver Stansfield / Jonathan Evans

 

 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.

 

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