ECO Buildings Group Limited agreed to acquire Fox Marble Holdings PLC (AIM:FOX) in a reverse merger transaction on April 11, 2022. As of April 28, 2023, ECO Buildings Group Limited entered into an agreement to acquire Fox Marble Holdings PLC (AIM:FOX) for £30 million. As part of the transaction, Fox Marble intends to change its name to ECO Buildings Group Plc. Fox Marble, has arranged funding by way of a convertible loan note of £0.4 million. The purpose of this fundraising is to provide a loan facility to assist in the planned acquisition of the entire issued share capital of ECO Buildings Group Limited. On Admission, Sanjay Bowry, Etrur Albani, Dominic Redfurn and Ahmet Shala will join the Board, Christopher Gilbert and Roy Harrison will resign from the Board on Admission. The Proposed Acquisition is conditional on, inter alia, certain approvals and a shareholder vote at a General Meeting of Fox Marble Holdings PLC. As of May 26, 2023, the transaction has been approved by the Fox shareholders at the general meeting held earlier today. As of May 18, 2023, the transaction is expected to be closed by June 2, 2023.

Sandy Jamieson, Liam Murray and Ludovico Lazzaretti of Cairn Financial Advisers acted as financial advisor to Fox Marble Holdings PLC. Matt Davis and James Keeshan of SPARK Advisory Partners Limited acted as financial advisor to Fox Marble Holdings PLC.

ECO Buildings Group Limited completed the acquisition of Fox Marble Holdings PLC (AIM:FOX) in a reverse merger transaction on June 2, 2023.