Fox Marble Supports Memorial Project to Honour British and Commonwealth service personnel in Kosovo

AIM: FOX
14 November 2017

Fox Marble Holdings plc
(“Fox Marble” or the “Company”) 

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is proud to announce its involvement in a project to move an important British military memorial to a prominent position in central Pristina, Kosovo.  The memorial, dedicated to the 14 British and Commonwealth service personnel who died whilst serving as members of the NATO Kosovo Force (KFOR) between 1999 and 2007, was originally sited in the British army camp in Pristina known as Slim Lines and, subsequently, at the KFOR HQ. 

Fox Marble was approached earlier this summer by His Excellency the British Ambassador to Kosovo, Mr Ruairí O’Connell with the plan to move the memorial to a more prominent location. Fox Marble was pleased to support the project by providing stone extracted from its quarries at Syriganë in northern Kosovo and Maleshevë in central Kosovo, cut and processed at its factory just outside Pristina, to build a new structure to display the memorial stone. The structure is believed to be the first major memorial in Kosovo's capital built from local stone comprising Illirico Bianco and Breccia Paradisea marble. 

The memorial was re-dedicated in a public ceremony attended by the President and Prime Minister of Kosovo, representatives of the British, Canadian and Irish armed forces, the Kosovo Security Force and members of the diplomatic community on Sunday 12 November 2017.

Ambassador O'Connell commented,

“The Embassy is grateful for Fox Marble's support which has made the move and re-dedication possible.”

Chris Gilbert, Chief Executive Officer of Fox Marble said,

“We are extremely proud to sponsor and deliver the project which not only honours the 14 service personnel but also, all those who have served in KFOR, building a new future for Kosovo.”

For more information on Fox Marble please visit www.foxmarble.net or contact: 

Fox Marble Holdings plc     
Chris Gilbert, Chief Executive Officer     Tel: +44 (0) 20 7380 0999
Fiona Hadfield, Finance Director    Tel: +44 (0) 20 7380 0999
    
Brandon Hill Capital (Joint Broker)     
Oliver Stansfield     Tel: +44 (0) 20 3463 5000

Beaufort Securities Limited (Joint Broker)    
Elliott Hance    Tel: +44 (0) 207 382 8300

Yellow Jersey    
Georgia Colkin Tel: +44 (0) 7825 916 715
Katie Bairsto    Tel: +44 (0) 7946 424 651

Notes to Editors

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.  

Its marble products, which includes Illyric White, Illirico Selene, Grigio Argento and are gaining traction globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world. 

Fox Marble holds 40 year mining licences for six separate marble quarries with a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Fox has taken three of the six sites into production (the Drini and Maleshevë quarries, both in Kosovo and from the Prilep Quarry in Macedonia) and continues to increase production. Notably, Fox has access to over 300 million cubic metres (over 1bn tons) of premium quality marble. 

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

First consignment of polished marble to Marble Dino, Kosovo

AIM: FOX
25 October 2017

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that it has completed its first sale of polished marble slabs from its newly operational factory in Lipjan, Kosovo.  The material was purchased by Marble Dino Sh.p.k. a division of a large, local construction company in Kosovo.

As announced on the 29 June 2016, the Company signed an agreement with Marble Dino Sh.p.k. in June 2016 for the supply of €1,500,000 worth of resined and polished marble over a twelve month period from the date the factory became operational.  Marble Dino is a trader of marble and other commodities and is involved in the purchase, shipping and resale of the material in the Kosovo and the Balkans.  The first consignment of just over 13 tonnes of polished slabs of Bianco Illirico and Illirico Selene material was collected from the factory site by Marble Dino on the 24 October 2017.   The Company expects to continue delivering marble against the agreement over the remainder of 2017 and the 2018 financial years.

Further orders are being prepared in Fox Marble’s factory for delivery to the local Kosovo and Balkans market and other international customers.  

Chris Gilbert, CEO, commented:

“Our fully operational factory gives Fox Marble access to a wider market for its processed material, and contributes to the continuing progress of the Company in 2017 and future years.”

A short video showing the operation of the polishing line is available on our website at https://www.foxmarble.net/photos-and-videos/

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Tel: +44 (0) 20 7213 0880

Brandon Hill Capital (Joint Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Beaufort Securities Limited (Joint Broker)
Elliott Hance
Tel: +44 (0) 207 382 8300

Yellow Jersey
Felicity Winkles
Georgia Colkin
Katie Bairsto

Tel: +44 (0) 7748 843 871
Tel: +44 (0) 7825 916 715
Tel: +44 (0) 7946 424 651

Notes to Editors:

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.  

Its marble products, which includes Illyric White, Illirico Selene, Grigio Argento and are gaining traction globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world. 

Fox Marble holds 40 year mining licences for six separate marble quarries with a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Fox has taken three of the six sites into production (the Drini and Maleshevë quarries, both in Kosovo and from the Prilep Quarry in Macedonia) and continues to increase production. Notably, Fox has access to over 300 million cubic metres (over 1bn tons) of premium quality marble.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

US$500,000 Received – Marble Sales Agreement with OM Enterprises, India

AIM: FOX
16 October 2017

 Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

 Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to confirm that is has received the advance payment of US$500,000 from OM Enterprises (“OM”), a leading tile manufacturer and distributor based in Kolkata, India. 

As announced on the 28 September 2017, Fox Marble signed a sales agreement with OM Enterprises, to purchase 5,000 tonnes of material over three years.  As part of the agreement, OM committed to a US$500,000 advance payment.

OM has selected its first order of 411 tonnes of marble blocks, which is currently being shipped to Mundra in India.   OM’s first order comprises a range of Fox Marble stone, including Argento Grigio, Illirico Selene, Breccia Paradisea and Bianco Illirico.

OM was founded by Mr Mahawar, a Kolkata based entrepreneur, as part of his multi-sector business group.   The company started as a wholesaler for ceramic tiles in West Bengal for one of the leading ceramic companies, specialising in the largest tiles by size, available domestically in India. In 2013, the company was appointed as a distributor of another fast growing ceramic company and it is now the largest tile distributor by sales volume in West Bengal. Recently, the company ventured into the retail segment and opened a 4,000 square foot showroom at a prime location of Kolkata.

Commenting on the recent agreement with Fox Marble, OM’s Chairman Mr Mahawar said:

“We are very excited to be part of the Fox Marble family. With its varied and exciting product portfolio, we expect great success in our market.”

Chris Gilbert, Chief Executive of Fox Marble, said:

“This latest sales agreement underpins the progress Fox Marble is making in increasing its global footprint as we continue to build ourselves into a fully integrated production, processing and distribution company of pre-eminent quality marble.  We are delighted to have received this first advance payment of US$500,000 from OM and look forward to supplying to them over the next three years. We are looking to continue our sales penetration into major marble markets such as India and  thereby enhancing revenues and shareholder returns.”

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Tel: +44 (0) 20 7213 0880

Brandon Hill Capital (Joint Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Beaufort Securities Limited (Joint Broker)

Elliott Hance

Tel: +44 (0) 207 382 8300

Yellow Jersey

Felicity Winkles

Georgia Colkin

Katie Bairsto

Tel: +44 (0) 7748 843 871

Tel: +44 (0) 7825 916 715

Tel: +44 (0) 7946 424 651

Notes to Editors

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.  

Its marble products, which includes Illyric White, Illirico Selene, Grigio Argento and are gaining traction globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc.’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world. 

Fox Marble holds 40 year mining licences for six separate marble quarries with a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Fox has taken three of the six sites into production (the Drini and Maleshevë quarries, both in Kosovo and from the Prilep Quarry in Macedonia) and continues to increase production. Notably, Fox has access to over 300 million cubic metres (over 1bn tons) of premium quality marble.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

Notification of major interest in shares

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Fox Marble signs a Memorandum of Understanding with Pristine Stone NYC LLC

AIM:  FOX
10 August 2017

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to announce it has signed a Memorandum of Understanding with Pristine Stone  NYC LLC (“Pristine Stone”) in New York, a natural stone importer and distributor in the USA, to establish a new distribution outlet for Fox Marble products in the United States.  

Under the three year agreement, Fox Marble will take a 5% share in Pristine Stone for nil consideration.  Pristine Stone will act as a marketing, sales and distribution agent for the marble material produced by the Company from its quarries in Kosovo and Macedonia.  The marble supplied to Pristine Stone will be cut and polished into slabs and tiles at Fox Marble’s own facility in Lipjan, Kosovo, before being shipped to the United States.

 In consideration, and subject to achieving minimum sales volumes of US$1.5 million over the three years as determined by the Company,

a)       Pristine Stone will be granted priority rights to sell Fox Marble material in the United States.

b)      Pristine Stone will be granted 750,000 warrants issued in equal instalments over three years at an exercise price of 2p over market price on the day of issue.

Pristine Stone is a New York based importer and distributor of natural stones, featuring the Kosovan marble sourced through Fox Marble.  The management has over twenty years' experience in the stone industry including sales, fabrication, and installation.  Pristine Stone will serve as a primary distributor for Fox Marble as the company looks to grow its presence in the United States with a team that has the ability to sell this unique, high quality marble into the largest end market for slabs in the world.  Pristine's founding principals Frank Kaloshi and Tim Seymour have built a company that leverages the combined expertise of Mr. Kaloshi in the high end marble market, and Mr. Seymour as a well-known financial market participant, and long-time successful investor in Eastern European companies focused in the materials sector.

Chris Gilbert, Chief Executive of Fox Marble, said:

“This agreement builds on our strategy of increasing our global footprint as we continue to develop further as a fully integrated production, processing and distribution company of pre-eminent quality marble.  As such we look forward to working with Pristine Stone which, through our incentivized distribution agreement is structured to help deliver maximum sales penetration of our marble product into the American market.”

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer - Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)

Liam Murray - Tel: +44 (0) 20 7213 0883

Brandon Hill Capital (Joint Broker)

Oliver Stansfield - Tel: +44 (0) 20 3463 5000

Beaufort Securities Limited (Joint Broker)

Elliott Hance - Tel: +44 (0) 207 382 8300

Yellow Jersey PR

Felicity Winkles - Tel: +44 (0) 7748 843 871

Notes to Editors

Fox Marble (AIM:FOX), is a leading low-capex global marble production, processing and distribution company in Kosovo and the Balkans region.  

Its marble products, which includes Illyric White, Selene Grigio and Etruscan Gold are gaining traction globally both to large off-take/distribution companies and being supplied directly into luxury residential properties, such as St George’s Homes and Capital and Counties Plc.’s Lillie Square development in the UK and Point Piper in Sydney, Australia, touted to be Australia’s most expensive property. Underscoring the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world. 

In terms of production, Fox Marble has a 40 year mining licences for six separate marble quarries with a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Fox has taken three of the six sites into production (the Drini and Maleshevë quarries, both in Kosovo and from the Prilep Quarry in Macedonia) and continues to ramp up its operations. Notably, Fox has access to over 300 million cubic metres (over 1bn tons) of premium quality marble.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

Appointment of Beaufort Securities as joint broker to Fox Marble and Issue of Equity and Warrants

AIM:  FOX
12 July 2017

Fox Marble Holdings plc
("Fox Marble" or the "Company")

Appointment of Joint Broker

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce the appointment of Beaufort Securities Limited ("Beaufort Securities") as joint broker to the Company.

Beaufort Securities will focus on improving liquidity and marketing the potential of Fox Marble to its network of UK retail and HNW investors, whilst in tandem providing research on the Company.

Chris Gilbert, CEO, commented: 

"We are pleased to welcome Beaufort Securities as Joint Broker to the Company. We believe their expertise and relationships with the retail market will compliment the Company's existing advisers and provide a more balanced and wide reaching audience. We believe their appointment is particularly timely given the recent success Fox Marble has enjoyed in bulding up its sales order book and look forward to outlining both this and anticipated future newsflow to a broader audience."

Issue of Equity and Warrants

Fox Marble has today issued 277,777 new ordinary shares of 1p each ("Ordinary Shares") in the Company to Beaufort Securities Limited at a deemed price of 9p per share, being the closing bid price on 11 July 2017, in lieu of annual broking fees.

In addition Beaufort Securities has been granted performance warrants, in each case subject to the mid-price of the ordinary shares trading above the exercise price for a consecutive period of more than 3 months, as follows:

100,000 exercisable at 15p per share

75,000 exercisable at 20p per share

These warrants may be exercised for a period of up to 3 years from their date of issue.

Application has been made for the 277,777 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place with effect from commencement of business on 19 July 2017.

Total Voting Rights

In accordance with Rule 5.6.1 of the Disclosure Rules and Transparency Rules of the Financial Services Authority ("DTRs"), the Company's issued share capital at 11 July 2017 will consist of 181,344,851 ordinary shares of 1 pence each. The Company does not hold any ordinary shares in treasury. Therefore the total number of voting rights in the Company is 181,344,851.

The above figure of 181,344,851 may be used by shareholders in the Company 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 share capital of the Company under the DTRs.

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad) Liam Murray

Tel: +44 (0) 20 7213 0883

Brandon Hill Capital (Joint Broker)

Oliver Stansfield  Tel: +44 (0) 20 3463 5000

Beaufort Securities Limited (Joint Broker)

Elliott Hance  Tel: +44 (0) 207 382 8300

Yellow Jersey PR

Felicity Winkles Tel: +44 (0) 7748 843 871

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble.

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia.

Result of AGM

AIM:  FOX
30 June 2017

Fox Marble Holdings plc
(“Fox Marble” or the “Company”) 

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that at its AGM held earlier today all resolutions were duly passed. 

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc 

Chris Gilbert, Chief Executive Officer 

Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Tel: +44 (0) 20 7213 0883

Brandon Hill Capital (Broker) 

Oliver Stansfield 

Tel: +44 (0) 20 3463 5000

Yellow Jersey PR

Felicity Winkles

Tel: +44 (0) 77 4884 3871

Francesca Hillier

Tel: +44 (0) 7708 400 470

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. 

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble. 

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia. 

Issue of Convertible Loan Note

AIM:  FOX
30 June 2017

Fox Marble Holdings plc
(“Fox Marble” or the “Company”) 

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to provide the following update to the market.

The Company confirms that it has issued a new convertible loan note with a value of£440,000 (“Series 3 Loan Note”) to a non related party.  This new Series 3 Loan Note has an interest rate of 8%, in line with the Series 1 Loan Note issued to Amati Global Investors Limited.  The Loan Note is due for conversion or repayment on 31st August 2019 with a conversion price set at 10p.

Chris Gilbert, CEO, commented:

“This new convertible gives us flexibility during this turnaround year as we generate more revenue from the sales of our marble worldwide.”

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc 

Chris Gilbert, Chief Executive Officer 

Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Tel: +44 (0) 20 7213 0883

Brandon Hill Capital (Broker) 

Oliver Stansfield 

Tel: +44 (0) 20 3463 5000

Yellow Jersey PR

Felicity Winkles

Tel: +44 (0) 77 4884 3871

Francesca Hillier

Tel: +44 (0) 7708 400 470

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. 

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble. 

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia.

Update and AGM Statement

AIM:  FOX
30 June 2017

Fox Marble Holdings plc
(“Fox Marble” or the “Company”) 

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to provide the market with an operational and financial update ahead of its Annual General Meeting being held this morning at 10 am at CMS’s offices at 78 Cannon St London EC4N 6AF.  

Operational Headlines:

• Following the Mahadev Marmo sale and purchase deed signed in February 2017 for an estimated $1.8 million per annum of block marble, Fox Marble has already completed shipments to Mahadev and we have received a purchase order for our third shipment of 1,000 tonnes.  

• Agreement signed with Simsekler Mermer A.G. one of Turkey’s premier natural stone groups to supply a minimum of €0.4 million marble.

• Letter of intent received from RK Marble Pvt Ltd one of the largest marble companies in the world for 1,000 tonnes of block marble across our range.  

• The Company has begun cutting blocks at the factory for the purpose of completing existing orders.  The resin and polishing lines are being calibrated and are expected to be able to produce polished slabs in July 2017. 

• We have been notified that one of the Pisani group companies, Pisani Holdings Ltd has appointed Deloitte as administrator as of last week.  Pisani has acted as an agent for Fox Marble material.  Fox Marble has removed all consignment stock and stock for which payment had not yet been received from Pisani storage. We are currently assessing the situation and the impact that this may have on the Company’s order book projects but are anticipating that Fox Marble materials will continue to be installed within the projects for which it has been specified.  The group has net unprovided receivables due from Pisani PLC of €68k.  

• As are result of potential project delays arising from the Pisani administration we have reduced our expected order book value for 2017 to €3.6 million

Financial:

• Fox Marble has just completed the issue of a convertible loan note for the sum of £440,000 which terms are the same as the series 1 loan note issued at the time of IPO. The interest payable is the same at 8% and the note is due for conversion or repayment on  31st July 2019. 

• Fox Marble also has put in a place a draw down facility of up to £1m to be called for at its discretion. This credit facility attracts an interest of 9% of sums drawn down.

• Our cash balance as at 28 June 2017 is €0.97 million. 

Copyright Dispute:

• Following a copyright dispute over the rights to use the name “sivec”  on 14 June 2017 the Intellectual Property and Enterprise Court held that the use of the name SIVEC by Fox Marble Holdings plc was an infringement of Mermeren Kombinat AD’s EU trade mark. A copy of the full judgement can be found at  http://www.bailii.org/ew/cases/EWHC/IPEC/2017/1408.html.

Chris Gilbert, CEO, commented: 

“I am pleased to report on the significant progress Fox Marble has made as we continue to build ourselves into a cash generative, low capex, fully integrated production, processing and distribution company of pre-eminent quality marble. 

“Following from the completion of our new processing factory in Kosovo, which is moving into production now and will allow the Company to process (cut and polish) its own marble blocks for direct sale, Fox Marble has entered into a number of sales agreements which sees the order book stand at a healthy €3.6 million. 

“As we look ahead to H2 2017 we remain confident that a number of potential new offtake, distribution and sales agreements currently under discussion with customers across the UK, Europe, US and Asia, which the Company believes will positively impact Fox Marble's revenues in 2017.  We look forward to keeping the market updated on our developments as the year progresses.”

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer 

Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad) 

Liam Murray

Tel: +44 (0) 20 7213 0883

Brandon Hill Capital (Broker)

Oliver Stansfield 

Tel: +44 (0) 20 3463 5000

Yellow Jersey PR

Felicity Winkles

Tel: +44 (0) 77 4884 3871

Francesca Hillier

Tel: +44 (0) 7708 400 470 

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. 

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble. 

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia. 

Notification of major interest in shares

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Preliminary Results for the year ended 31 December 2016

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Directorate Change

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that Richard Round, a non executive director of the Company, will be stepping down from the Board with immediate effect in order to pursue other professional commitments.

The Board of Fox Marble would like to thank Richard Round for his contribution to the Company during his service and wishes him well in his future endeavors.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc
Andrew Allner, Non Executive Chairman
Tel: +44 (0) 20 7380 0999
Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Tel: +44 (0) 20 7213 0880

Brandon Hill Capital (Broker)
Oliver Stansfield (CEO)
Tel: +44 (0) 20 3463 5000

Yellow Jersey PR
Felicity Winkles
Tel: +44 (0) 77 4884 3871
Francesca Hillier
Tel: +44 (0) 7708 400 470

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

The Company has 40 year mining licences for six separate marble quarries of which three are now in production and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres (over 1bn tons) of marble of premium quality marble.

In addition, Fox Marble has rights to extract marble from two further premium quality marble quarries, at Drini and at Malesheva in Kosovo, which is in full production, and from the Prilep Quarry in Macedonia which is also in full production and, one of only two sources worldwide of a highly prized white marble.

€400,000 sale and purchase agreement obtained from Turkey

26th April 2017

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

HIGHLIGHTS

• €400,000 sales agreement with Simsekler, a premier natural stone group in Turkey

• First entry into the Turkish market and deliveries expected during 2017

• Sales order book for 2017 now revised up to €4.4m

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that it has entered into a minimum €400,000 Sales Agreement with Simsekler Mermer Company (“Simsekler”), one of Turkey’s premier natural stone groups to supply its IIIirico Selene and Sivec marble product (“The Agreement”).  Simsekler owns 9 marble quarries in Turkey as well as 3 factories and 2 showrooms and warehouses located in Ankara and Istanbul.

The Agreement, which will see deliveries completed over 2017, marks the Company’s first significant customer and entry into Turkey and confirms Fox Marble’s international expansion strategy as it positions itself as a leading marble quarrying, processing and distribution company in the region.

In light of this new agreement, the Company’s has revised its estimate of for its order book to 31 December 2017 to €4.4m which it expects to be recognised as revenue in the financial year to 31 December 2017.

Further Information to the Sales Agreement

The Agreement was finalised following the satisfactory delivery and completion of a sample order of three blocks of Illirico Selene, which was paid for and shipped to Simsekler in February 2017.  Simsekler returned to the quarry in April 2017 and selected and paid for a further 21 blocks of Illirico Selene as well as 4 blocks of Sivec from our Macedonian quarries together totalling 330 tons which are being shipped to Turkey this month. This forms part of the quantity agreed in the Agreement.  

Fox Marble, CEO Chris Gilbert, commented:

“This new sales order marks our first move into the significant and potentially lucrative Turkish marble market. This new relationship with Simsekler, we believe further underpins the commercial viability of our marble and we look forward to working with Simsekler during the course of 2017 and beyond as we anticipate receiving further material orders.

“It is significant that Fox Marble is able to supply marble to a territory which is itself one of the major exporters of natural stone and a testament to the quality and colour of the marble within its quarries in Kosovo.”

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)
Liam Murray/ Sandy Jamieson
Tel: +44 (0) 20 7213 0800

Brandon Hill Capital (Broker)
Oliver Stansfield (CEO)
Tel: +44 (0) 20 3463 5000

Yellow Jersey PR
Felicity Winkles
Tel: +44 (0) 77 4884 3871
Francesca Hillier
Tel: +44 (0) 7708 400 470

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

The Company has 40 year mining licences for six separate marble quarries of which three are now in production and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres (over 1bn tons) of marble of premium quality marble.

In addition, Fox Marble has rights to extract marble from two further premium quality marble quarries, at Drini and at Malesheva in Kosovo, which is in full production, and from the Prilep Quarry in Macedonia which is also in full production and, one of only two sources worldwide of  highly prized white marble.

US$1.8 million sale and purchase agreement for Marble obtained from India

07 February 2017

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that is has entered into a US$1.8m per annum sale and purchase agreement with Mahadev Marmo PVT Ltd (‘Mahadev’), India’s second largest green marble export house, following the satisfactory delivery and completion of a block marble sample order, which was shipped in December 2016. This order and sales agreement marks the Company’s first customer and entry into India and is in line with Fox Marble’s international expansion strategy as it positions itself as a leading low cost marble production, processing and distribution company globally.

In light of this new agreement, the Company has increased its estimate of its order book in 2017 to €4.1m.

Sample order shipped

Following an inspection of the quarry, Mahadev paid for three blocks of Fox Marble’s Illirico Selene (silver grey) block marble.  This order was shipped in December 2016 from Fox Marble’s newest quarry – the Malesheva quarry in Kosovo and arrived in India early this year. The blocks were processed in the Mahadev facility in Udaipur.

Sale and Purchase agreement

In November 2016 Fox Marble completed a full Sale and Purchase Deed of agreement with Mahadev to supply a minimum quantity of its Illirico Selene marble over a three year period valued at approximately US$1.8 million per year, subject to satisfactory receipt and inspection of the sample order, which has now taken place.  It is anticipated that the block marble will be shipped at the rate of approximately 1,000 tonnes per month once Fox Marble quarry operations re-open in March 2017, following the annual scheduled winter shutdown (January – March) due to the usual cold weather conditions.

Fox Marble, CEO Chris Gilbert, commented:

“This new sales order and sales agreement marks our first move into the significant and potentially lucrative Indian marble market. After a marketing drive in country, we were delighted to see commercial traction and demand for our marble product as a new and exciting stone.  This new relationship with Mahadev has been the result of many months of work to establish a secure supply chain in India and we look forward to working with them during the course of 2017, where we anticipate receiving further significant orders.”

Mahadev Marmo PVT Ltd

The company was established in 1988 by Shri Shankar Singh Sisodia and has an excellent track record in supplying premium natural stones to National and International Markets.  Notably the Mahadev Marmo group of Companies is India's second largest Green Marble Export House. The Company is headquartered at Udaipur in Rajasthan-the Western State of India, which is the hub of the stone industry.

Mahadev owns fully mechanised developed quarries in Udaipur, the heart of Aravali Mountains range quarrying region, and a Black Galaxy quarry at ONGOLE in Andhra Pradesh. It also has the most modern, environment friendly, versatile & high capacity machinery, The company has built a state of the art factory at Udaipur with an annual production capacity of 100,000 ton marble blocks and 125,000 sq.m. of slabs.

Its products are exported to Italy, Australia, Canada, Hong Kong, Taiwan, China, Japan, America, and Middle East etc. Some of the prestigious projects in which its products have been used include the Hotel Micaso, Johor Baru, Malaysia, Rasa Shangri La, Kota Kinabala & Star City, Kualalumpur, Raniwara as well as the Mandarin Orientale, Kualalumpur, the Pantai Plaza, Kualalumpur and the Colmer Tropicale, Bukittinggi, Malaysia.

Shankar Singh Sisodia of Mahadev commented,

“Equally we are pleased to be working with a prestigious company such as Fox Marble which supplies high grade marble from Europe.  The Indian market has always been welcoming of marble product from other parts of Europe, therefore I am confident that the demand for materials from Fox Marble will likely be high.”

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Tel: +44 (0) 20 7213 0880

Brandon Hill Capital (Broker)
Oliver Stansfield (CEO)
Tel: +44 (0) 20 3463 5000

Yellow Jersey PR
Felicity Winkles
Tel: +44 (0) 77 4884 3871

Francesca Hillier
Tel: +44 (0) 7708 400 470

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

The Company has 40 year mining licences for six separate marble quarries of which three are now in production and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres (over 1bn tons) of premium quality marble.

In addition, Fox Marble has rights to extract marble from two further premium quality marble quarries, at Drini and at Malesheva in Kosovo, which is in full production, and from the Prilep Quarry in Macedonia which is also in full production and, one of only two sources worldwide of the highly prized white Alexandrian White marble.

Forward Looking Statements

Although any forward looking statements contained in this announcement are based upon what the directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements. 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Orders and specifications achieved for premium finished marble product from leading luxury property developments in the UK and Australia

AIM: FOX
15 December 2016

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosova and the Balkans region, is pleased to report on orders and specifications worth approximately €300,000 from leading property developments in the UK and Australia that underscore the continued development of the Company’s customer base globally.

The prominent developments that have selected Fox Marble include:

• Audley Square in Mayfair, London being developed by the Caudwell Collection - and regarded as one of the most prestigious residential buildings in the world - has specified Fox Marble’s Illyric White and Selene Grigio marble for all of the interior common areas.  Once final plans for the property are complete Fox Marble expects to receive a formal purchase order.

• An exclusive residential property located in Point Piper, Sydney, Australia, which is expected to be the most expensive house in Australia when completed, has ordered Fox Marble’s Sivec, Flora, Rosso Cait and Etruscan gold marble to be used in its construction. The materials were shipped in December 2016.

• The developers of a large residential mansion in West London, valued at £40m, have ordered Fox marble’s Flora, Grigio Argento and Sivec marble, due for shipment in the next two months with the project due for completion in the spring of 2017.

Chris Gilbert, CEO commented:

“These latest orders continue to demonstrate the desirability of our premium marble products as the stone of choice in some of the most prestigious and expensive residential developments taking place around the world. 

Furthermore, in line with our strategy of offering a low-capex and integrated approach to our marble production, processing and distribution globally, these developments also show that our brand is gaining reputation as a trusted supplier, capable of effective production and distribution of marble at the high standard of quality required in such projects”

The directors’ expectations for the Company’s order book which will be realised in 2017 remain broadly in line with what was announced on 13 December 2016.  The Audley Square development will not be recognised in the order book until such point as a formal purchase order is received.

Forward Looking Statements

Although any forward looking statements contained in this announcement are based upon what the directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.  Accordingly, readers are cautioned not to place undue reliance on forward looking statements. 

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc     
Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999
    
Cairn Financial Advisers LLP (Nomad)
Liam Murray
Tel: +44 (0) 20 7213 0880
    
Brandon Hill Capital (Broker)     
Oliver Stansfield (CEO)
Tel: +44 (0) 20 3463 5000
    
Yellow Jersey PR     
Felicity Winkles    Tel: +44 (0) 7748 843 871
Francesca Hiller    Tel: +44 (0) 7708 400 470  

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosova and the Balkans region, with headquarters in the United Kingdom. 
The Company has 40-year mining licences for six separate marble quarries of which three are now in production and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres (over 1bn tons) of marble of premium quality marble.
In addition, Fox Marble has rights to extract marble from two further premium quality marble quarries, at Drini and at Maleshevë in Kosova, which is in full production, and from the Prilep Quarry in Macedonia which is also in full production and, one of only two sources worldwide of the highly prized Alexandrian White marble. 

Issue of Equity, Directors’ Dealings and Total Voting Rights

AIM:  FOX
1 November 2016

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that on 31 October 2016 it issued 460,361 ordinary shares of 1p each (“Ordinary Shares”) in the Company to the Non-Executive Directors of the Company, and to Executive Directors Christopher Gilbert and Dr Etrur Albani, at a price of 9.9 pence per share, being the 30-day volume weighted average price as at 27 October 2016. 

As announced on 13 May 2016, from 1 January 2016 the Non-Executive Directors of the Company have agreed to utilise their fees (net of tax) to subscribe for Ordinary Shares in the Company.  In addition, from 1 March 2016, Executive Directors Christopher Gilbert and Dr Etrur Albani have agreed to utilise fifty per cent of their remuneration (net of tax) to subscribe for Ordinary Shares in the Company. 

This issue of Ordinary Shares to Andrew Allner, Sir Colin Terry, Roy Harrison and Christopher Gilbert is in respect of the remuneration for the period from 1 July 2016 to 30 September 2016.

This issue of Ordinary Shares to Dr Etrur Albani and Amati Global Partners LLP is in respect of the remuneration for the period from 1 July 2016 to 20 September 2016.

Ordinary Shares of 1p were issued as follows:

Andrew Allner 80,628

Sir Colin Terry 45,638

Roy Harrison 41,835

Amati Global Partners LLP(1) 67,606

Christopher Gilbert 107,186

Dr Etrur Albani 117,468

(1) Shares were issued to Amati Global Partners LLP in recognition of the services provided by Dr Paul Jourdan.  

Application has been made for the 460,361 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place with effect from commencement of business on 4 November.

Total Voting Rights

In accordance with Rule 5.6.1 of the Disclosure Rules and Transparency Rules of the Financial Services Authority (“DTRs”), the Company’s issued share capital at 4 November 2016 will consist of 181,067,074 ordinary shares of 1 pence each. The Company does not hold any ordinary shares in treasury. Therefore the total number of voting rights in the Company is 181,067,074.

The above figure of 181,067,074 may be used by shareholders in the Company 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 share capital of the Company under the DTRs.

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Tel: +44 (0) 20 7213 0880

Brandon Hill Capital (Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Yellow Jersey PR
Dominic Barretto
Tel: +44 (0) 77 6853 7739

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble.

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia.

Landmark venture formed in cooperation with the Government of Kosovo

4 October 2016

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that it is participating in a new project through a newly formed company registered in the U.S., Stone Alliance LLC (“Stone Alliance”), a company which is 59% owned by Fox Marble.

Key Points:

• On 4 October 2016 Stone Alliance signed a non-binding Memorandum of Understanding (“MoU”) with the Parliament of Kosovo.

• Stone Alliance  will need to raise a minimum €100m from external sources to facilitate the opening of 40 proposed marble quarries and factories over a five year period in the region with a view to establish Kosovo as a global presence in the stone industry, creating in excess of 2,000 jobs.

• Stone Alliance granted Commercial Advocacy by the Advocacy Centre of the United States Department of Commerce, ensuring the company benefits from the active support of the U.S. Government.

• Fox Marble will provide the expertise on technical and strategic planning, implementation and quarry operations; as well as the initial marketing, sales and distribution platforms for all Stone Alliance products.

Having recognised Fox Marble’s success in developing quarries in the country and the high quality of the marble being produced, the Government of Kosovo is keen to accelerate the wider development of the large number of marble deposits which have been identified in the country and to attract inward investment.  Through Stone Alliance they aim to realise this ambition, drawing on Fox Marble’s existing management and operational expertise. 

Stone Alliance has reserved exploration licences for 40 quarry sites with the Independent Commission for Mining and Minerals, the licensing body in Kosovo. These quarries have been surveyed and contain large quantities of high quality dimension stone.

Further, Stone Alliance has been granted Commercial Advocacy by the Advocacy Centre of the United States Department of Commerce based in Washington DC.  This ensures that the company benefits from the active support of the U.S. Government.  That support will be primarily delivered by the US Ambassador to Kosovo, HE Ambassador Greg Delawie, and his staff.

Building on an official letter of welcome from the Kosovo Prime Minister,  Dr Isa Mustafa, and with the strong support of Ambassador Delawie and his team, on 4 October 2016 Stone Alliance signed a non-binding Memorandum of Understanding (“MoU”) with the Parliament of Kosovo, led by its President and Dr Mustafa’s senior coalition Partner, President of Parliament KadriVeseli. 

The MoU sets out to achieve the following objectives:

- Creation of a world class new stone industry for Kosovo and in excess of  2,000 jobs in the first five years of the business plan implementation;

- International board of directors led by the Chairman, Lt. Gen.(Ret.) Michael D. Barbero; and

- Enhanced reputation of Kosovo through the transformation of the international perception of investment risk as well as through the globalmarketing and sales of prestigious Kosovan stone.

In accordance with the MOU, Stone Alliance has agreed to raise the capital necessary to facilitate the opening of forty quarries in Kosovo, creating not only direct employment in the quarries themselves but also jobs in the support industries, such as transport and logistics, consumables provision, as well as maintenance and catering services where all providers are expected to be local businesses. Stone Alliance will also commit to build at least two new factories which will process the extracted raw marble into the higher value cut and polished slab products. 

Stone Alliance is seeking to raiseat least €100m from new investors as the business plan dictates.  It is envisaged that the fundraising will commence shortly.

Stone Alliance shall facilitate the opening of the proposed quarries and factories over a five year period.  Each of the 40 quarries are expected to be the subject of a joint venture with a local minority partner responsible for operations under the direction of Fox Marble.Fox Marble, which will be the operating company for Stone Alliance in addition to continuing with its current operations, will provide the expertise on technical and strategic planning, implementation and quarry operations; as well as the initial marketing, sales and distribution platforms for all Stone Alliance products.

Directors and former Directors of Fox Marble, who have interests in Stone Alliance, are Mr Andrew Allner (1%), who will act as the Deputy Chairman of Stone Alliance and Dr Etrur Albani (10%). Chris Gilbert, who will act as the CEO, will receive an interest of up to 3%, subject to specific performance criteria being met. These holdings reflect the work they have done in order to establish Stone Alliance.  The balance of the interests in Stone Alliance are held by a variety of local partners, consultants and advisers.

Chris Gilbert, Fox Marble’s CEO commented:

“Fox Marble is delighted to participate in this exciting project which we expect will help to establish Kosovo as a global presence in the stone industry. Fox Marble will provide all the practical expertise required to achieve the stated objectives of Stone Alliance and manage the business, which has rights to very attractive stone in 40 sites across the country. Fox Marble will continue to build on its own successes in its quarries and work hard to deliver on its previously stated business model. The additional responsibilities Fox Marble will assume for Stone Alliance, in which it holds a majority stake, will enhance its abilities to meet its objectives on a much wider marketing, sales and distribution platform.”

Andrew Allner, Fox Marble’s Chairman commented:

“Fox Marble was formed with the objectives of establishing Kosovo as a leading global supplier of marble whilst at the same time providing attractive returns for shareholders. The establishment of Stone Alliance as a subsidiary company of Fox Marble is a major development and provides a powerful structure for the future. Fox Marble must now put this structure into operation and execute its plans to ensure that Kosovo’s potential as a leading global supplier of marble is delivered, thus creating employment and wealth in Kosovo and providing additional value to our shareholders.

I would like to welcome Lt. General Mike Barbero as Chairman of Stone Alliance. He has played an important role in obtaining the support of the US Government and reaching agreement in Kosovo. I look forward to working closely with him in the years ahead.”

Michael D. Barbero, Stone Alliance’s Chairman commented:

"We are excited to build upon this MoU, which we have signed with the Government of Kosovo, to develop Stone Alliance into an economic and employment leader in Kosovo.  With the support of the U.S. Government and in partnership with the Government of Kosovo, Stone Alliance is committed to the long term success of this project."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer 

Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)

James Caithie

Liam Murray

Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Yellow Jersey PR

Dominic Barretto

Aiden Stanley

Tel: +44 (0) 77 6853 7739 

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble.

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia.

Directorate Changes

AIM:  FOX
20 September 2016

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces the following directorate changes effective today, 20 September 2016. 

Dr Etrur Albani will be stepping down from the Board as Managing Director in order to focus on the operational activities of the Company.  Dr Albani remains fully committed to Fox Marble and will continue supporting the Company in achieving its goals.

Dr Paul Jourdan will be retiring as a non-executive director due to increased demands on his time from his role at Amati Global Investors.

Mr Richard Round will be joining the board as a non-executive director.  Mr Round was previously Chief Executive Officer and Finance Director of a number of AIM listed and private equity backed companies in the resources sector, most recently leading the successful sale of Green Highland Renewables Limited in 2015. Mr Round now holds a number of non-executive positions across various industries.

Ms Fiona Hadfield has been re-appointed to the Board as Chief Financial Officer, following maternity leave. She replaces Ms Candice Sutherland, who will resign from the Board in order to pursue other business interests. 

Andrew Allner, Chairman, commented:

“We are pleased to welcome both Richard and Fiona to the Board and look forward to leveraging their combined wealth of experience. These appointments come at an important time for the Company and the Board looks forward to updating the market on progress made between now and the end of the year. 

“We would like to thank Etrur for his unwavering support to date.  We are pleased that Etrur remains fully committed to Fox Marble’s development and that he has confirmed he has no plans to dispose of his shareholding in the Company.

“The team and I would further like to extend collective thanks to Paul and Candice for their contributions to date, in their respective roles, and wish them well in their future endeavours. Amati Global Investors remains a highly valued investor and we will of course continue to keep closely in touch with Paul.” 

Further information pursuant to Rule 17, Schedule 2 (g) of the AIM Rules is set out below. 

Richard Calvin Round, age 58 is currently, or has been previously, a director of the following companies within the past five years:

Current directorships                                           Previous directorships
West Cumbria Mining (Holdings) Limited           Green Highland Renewables Limited
West Cumbria Mining Limited                              Green Highland Renewables (Roroyere) Limited
Cyberhawk Innovations Limited                           Lewis Wave Power Limited
Rimar Services Limited                                           Renewable Technology Ventures Limited
Anglo Asian Operations Limited                           Marine Power Projects Limited
Anglo Asian Mining plc                                           Aquamarine Power Limited
                                                                                   Brough Head Wave Farm Limited

There is no other information regarding Richard Round required to be disclosed under the AIM Rules. 

Fiona Clare Hadfield, age 36 has previously been a director of the following companies within the past five years: 

Current directorships                                             Previous directorships
None                                                                            Fox Marble Holdings plc

There is no other information regarding Fiona Hadfield required to be disclosed under the AIM Rules. 

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc     
Chris Gilbert, Chief Executive Officer     

Tel: +44 (0) 20 7380 0999
    
Cairn Financial Advisers LLP (Nomad)
Liam Murray
Sandy Jamieson
    
Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker)     
Oliver Stansfield     

Tel: +44 (0) 20 3463 5000
    
Yellow Jersey PR     
Aidan Stanley
Dominic Barretto

Tel: +44 (0) 75 8408 5670

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. 

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble. 

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia. 

New order for Lillie Square, Earls Court

AIM: FOX
8 September 2016

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that its Bianco Illirico stone has been specified via our distribution partner, Pisani Plc, for use in the Lillie Square development in Earls Court, London. This is one of the largest developments in the UK with 7,500 homes ultimately planned.

Lillie Square is owned and developed by a joint venture between Capital & Counties Properties Plc and interests of certain members of the Kwok family. The general contractor on the project is Sir Robert McAlpine Limited. Phase 1 of this development has been sold, with the Company’s stone selected for the ten penthouses. The material is to be installed in the kitchens, entrances and common areas. It is also being used in various other apartments with terraces. The first shipment of Bianco Illirico slabs is due to be delivered to Lillie Square within two weeks, with the total order anticipated to be 2,000 square metres over the next two years.

Chris Gilbert, CEO, commented:

“We are pleased that our newest quarry is now supplying our Bianco Illirico marble to such a large and prestigious development in London. We have now sold a variety of our marble types into two of the largest London developers’ projects, Berkeley Homes Plc and Capital & Counties Properties Plc. This is a testament to the excellent quality of our stone and its desirability for new and exciting projects.”

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 of the European Parliament.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Sandy Jamieson
Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker)
Oliver Stansfield Tel: +44 (0) 20 3463 5000

Yellow Jersey PR
Aidan Stanley
Dominic Barretto
Tel: +44 (0) 75 8408 5670

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble.

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia.

Issue of Equity, Directors’ Dealings and Total Voting Rights

AIM:  FOX
27 July 2016

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that on 27 July 2016 it issued 462,271 ordinary shares of 1p each (“Ordinary Shares”) in the Company to the Non-Executive Directors of the Company, and to Executive Directors Christopher Gilbert and Dr Etrur Albani, at a price of 10 pence per share, being the 30-day volume weighted average price as at 22 July 2016. 

As announced on 13 May 2016, from 1 January 2016 the Non-Executive Directors of the Company have agreed to utilise their fees (net of tax) to subscribe for Ordinary Shares in the Company.  In addition, from 1 March 2016, Executive Directors Christopher Gilbert and Dr Etrur Albani have agreed to utilise fifty per cent of their remuneration (net of tax) to subscribe for Ordinary Shares in the Company. 

This issue of Ordinary Shares is in respect of the remuneration for the period from 1 April 2016 to 30 June 2016.

Ordinary Shares of 1p were issued as follows:

Andrew Allner 79,500

Sir Colin Terry 45,000

Roy Harrison 41,250

Amati Global Partners LLP(1) 75,000

Christopher Gilbert 105,694

Dr Etrur Albani 115,827

(1) Shares were issued to Amati Global Partners LLP in recognition of the services provided by Dr Paul Jourdan.

Application has been made for the 462,271  new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place with effect from commencement of business on 01 August 2016.

Total Voting Rights

In accordance with Rule 5.6.1 of the Disclosure Rules and Transparency Rules of the Financial Services Authority (“DTRs”), the Company’s issued share capital at 01 August 2016 will consist of 180,606,713 ordinary shares of 1 pence each. The Company does not hold any ordinary shares in treasury. Therefore the total number of voting rights in the Company is 180,606,713.

The above figure of 180,606,713 may be used by shareholders in the Company 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 share capital of the Company under the DTRs.

For more information on Fox Marble please visit www.foxmarble.net  or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Yellow Jersey PR
Dominic Barretto
Tel: +44 (0) 77 6853 7739

Notes to Editors

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble.

Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia.