12th Sep 2025 13:20
Eco Buildings Group PLC - London-based prefabricated modular housing products manufacturer - Raises GBP600,000 through a placing of 15 million new shares at 4 pence per share, arranged by broker Tavira Financial Ltd. Funds will be used to expand the firm's manufacturing capacity, as well as begin construction on additional contracts currently under negotiation, which are expected to compliment its recently announced apartment block development at Tirana. The funds will also accelerate the delivery of large-scale contracts in Albania.
"This successful placing underlines investor belief in Eco Buildings' vision. With this support we can complete our first major projects, expand manufacturing capacity and deliver innovative, sustainable housing at scale. The strengthened balance sheet allows Eco Buildings to progress new [glass fibre reinforced gypsum] production lines and strategic partnerships," says Vice Executive Chair Etrur Albani.
Current stock price: 4.25 pence, down 27% in London on Friday afternoon
12-month change: down 59%
By Emily Parsons, Alliance News reporter
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