TR-1 Notification of major interest in shares

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Issue of Convertible Loan Notes

4 October 2018

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 a shareholder in Fox Marble has subscribed for £300,000 of Convertible Loan Notes (“CLNs”) on the same terms as previously issued to the existing and previous CLN holders.  The principal terms of which are set out below:-

Term                                    2 years

Conversion price              10.5 p

Interest rate                      8 %

The CLNs are convertible at the discretion of the Holder

Following the issue set out above the Company has a total of £1,275,000 outstanding CLNs.

These funds will be largely utilised in the purchase of plant and equipment to facilitate meeting the strong demand for its block material.

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 (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Jo Turner

Tel: +44 (0) 20 7213 0880

Yellow Jersey PR (PR & IR)

Georgia Colkin

Katie Bairsto

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 Illirico Bianco, 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 residential 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.

Interim Results for the six months period ended 30 June 2018

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TR-1 Notification of major interest in shares

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Issue of Equity

14 Aug 2018

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 issued 2,800,000 new ordinary shares in the Company (“New Ordinary Shares”) at par value (1p) to a consultant and two employees of the Company in recognition of services provided to the Company and in lieu of cash payments.  Gross proceeds of this issue of equity amounts to £28,000. The issue of shares reflect the contributions made to the Company by these individuals, which has exceeded their compensation to date.

Name Number of new ordinary shares

Dr Etrur Albani 2,500,000

Employees 300,000 

Total 2,800,000

The New Ordinary Shares will rank pari passu with the existing ordinary shares.  Admission to AIM of the New Ordinary Shares will occur on or around 17 August 2018.

Chris Gilbert, CEO, commented:

“This issue of equity recognises the contribution that these members of the Fox Marble team have made, and continue to make toward the development of the Company. I am very grateful to them for their efforts in driving the Company forward and their achievements – of which we are now starting to see the benefits.”

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 17 August will consist of 217,885,322 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 217,885,322.

The above figure of 217,885,322 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.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by Fiona Hadfield, Finance Director of the Company.

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 (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Jo Turner

Tel: +44 (0) 20 7213 0880

Yellow Jersey PR (PR & IR)

Georgia Colkin

Katie Bairsto

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 Illirico Bianco, 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 residential 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.

Operational Update

31 July 2018

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 operational update ahead of the publication of its unaudited interim results for 6 months to 30 June 2018 which are anticipated to be notified on 25 September 2018.

Sales for the six months to 30 June 2018 are €614,000 (2017 - €329,000), a significant increase compared with the same period in the previous year. In addition, the Company has started the second half of the year strongly and expects to see continued good revenue growth through the balance of the year.

The newly installed state-of-the-art Computer Numerical Control (“CNC”) machine has allowed the company to expand its cut to size and shape capabilities for its own marble. The machine is capable of automatically processing many varied shapes and thicknesses of material from slabs to small blocks, including 1,500 square metres of marble tiles per day. The CNC machine was supplied by Gravellona Machine Marmo, one of the leading manufacturers of dimensional stone cutting and polishing machinery based in Northern Italy. The machine is the only one of its kind in the Balkans.

This has allowed the Company to win and complete several large bespoke cut to size tile orders in the first half of this year, including:

• 3,000 square metres of “cut-to-size” Alexandrian White tiles to a large manufacture in Greece, Rekalis G Gregarios Marble. This order consists of more than 8,000 tiles, each measuring 60x60 cm and weighing 250 tonnes in total.

• 7,500 square metres of “cut-to-size” 60cm x 60cm Alexandrian White tiles to large scale retailer based in Mumbai in India.

Following additional capital expenditure, new equipment has been delivered to the quarries, and despite an extended winter break arising from a late thaw, production was an encouraging 5,429 tonnes over the 6 months to June 2018 (2017 – 3,817 tonnes). We expect production levels to continue to improve over the remainder of 2018. 

Sales of block marble are again focused primarily on Illirico Selene and Alexandrian White material. 

Fox is pleased to announce that in July it sold 300 tonnes of its Illirico Selene marble to a new Chinese customer following a visit to the quarry site. The customer has indicated their intention to take a further 300 tonnes of this material each month for the next 12 months. This is the first significant order from China and represents a breakthrough in that market. Fox understands that this material is for a project that its customer is supplying and will require a minimum of 5,000 tonnes to complete the project.

In June 2018 the Company announced that it had completed the delivery of over 2,000 tonnes of marble to Simsekler Mermer Company (“Simsekler”) with Fox Marble supplying 850 tonnes of marble to Simsekler in the current year, thereby fulfilling the original agreement. Simsekler’s latest purchase of over 600 tonnes of block marble represents the largest single order that the Company has completed since it opened its quarries in 2012. Fox Marble is now well placed to meet the demand for an additional minimum quantity of 2,000 tonnes.

The Company has recently opened a new showroom for its material in London. The showroom exhibits slabs from the complete range of Fox Marble stone, including Illirico Selene, Illirico Bianco, Rosso Cait, Breccia Paradisea, and Alexandrian White. It is intended that the showroom will support the marketing of material to projects in the United Kingdom and Northern Europe.

The showroom is conveniently located for European sales being less than 10 miles from Heathrow Airport and 35 miles from Stanstead Airport. Located at 2 Courtenay Road, East Lane, Wembley HA9 7ND, it is also very close to North Wembley Station, and can be visited by appointment. 

In addition, a natural stone cleansing plinth designed by Studio Juju and carved from Fox Marble stone was recently featured in an exhibition by Wallpaper which toured the Far East. The altar was carved from a single block of Alexandrian White marble, whose fine dolomitic structure lends itself to intricate carving, and featured one raised and one sunken basin.

The strong demand for the Company’s range of white and grey stone has lead to the need for additional capital expenditure to increase production in the quarries as well as to finance increased working capital requirements now that the factory is operating at higher capacity.

The Company is pleased to announce that the holders of the series 3 and 5 Loan notes have subscribed for an additional £300,000 of Loan notes on the same terms as previously announced.

The Company’s cash balance as at 27 July 2018 amounted to €289,000.

Chris Gilbert, CEO of Fox Marble, commented:

“We are pleased to update the market on the progress made in the first half of this year. Additional capital expenditure and the installation of new machinery has enhanced our production and processing capabilities, enabling us to complete and win a number of new sales orders. As we move into the second half of the year our focus will remain on capitalising on growth, increasing our capacity and enhancing our product range in order to strengthen our position in the 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

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Jo Turner

Tel: +44 (0) 20 7213 0880

Yellow Jersey PR (PR & IR)

Georgia Colkin

Katie Bairsto

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 Illirico Bianco, 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 residential 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 tonnes) 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.

TR-1 Notification of Major Interest in Shares

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TR-1 Notification of Major Interest in Shares

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Completion of Order to Turkey

28 June 2018

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 has completed the delivery of over 2,000 tonnes of marble to Simsekler Mermer Company (“Simsekler”). 

In the current year, Fox Marble has supplied 850 tonnes of marble to Simsekler,  thereby fulfilling the original agreement for 2,000 tonnes, with Simsekler’s latest purchase of over 600 tonnes of block marble representing the largest single order that the Company has completed since it opened its quarries in 2012. Fox Marble is now well placed to meet the demand for an additional minimum quantity of 2,000 tonnes over the course of 2018.

Simsekler owns nine marble quarries in Turkey, in addition to three factories, two showrooms, and its warehouses located in both Ankara and Istanbul. Fox Marble anticipates that Simsekler will remain a significant customer for Fox Marble for the remainder of 2018 and beyond.

Chris Gilbert, CEO of Fox Marble, commented:

“The completion of this milestone underlines the progress that the Company has made in its ability to identify, win and successfully complete large scale sales agreements. Fox Marble looks forward to supplying further material to Simsekler, and to establishing an ongoing commercial relationship with the company.”

Fox Marble intends to release a trading update at the end of July.

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 (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Jo Turner

Tel: +44 (0) 20 7213 0880

Yellow Jersey PR (PR & IR)

Georgia Colkin

Katie Bairsto

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 Illirico Bianco, 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 residential 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.

Result of Annual General Meeting

5 May 2018

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

Fox Marble, the AIM listed company focused on marble quarrying 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

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Jo Turner

Tel: +44 (0) 20 7213 0880

Yellow Jersey PR (PR & IR)

Georgia Colkin

Katie Bairsto

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 Illyrico Bianco, 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.

Posting of Annual Report and Notice of AGM

11 May 2018 

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

Fox Marble, the AIM listed company focused on marble quarrying in Kosovo and the Balkans region, confirms that it has posted its Annual Report and Accounts for the year ended 31 December 2017 to shareholders together with the Notice of Annual General Meeting and the associated form of proxy.

The Annual Report, the Notice and related documents are available on Fox Marble's website and can be downloaded from: www.foxmarble.net/investors.

The AGM will be held at 11.00am on 5 June 2018 at CMS Cameron McKenna Nabarro Olswang LLP, Cannon Place, 78 Cannon Street, London, EC4N 6AF.

For further information please visit www.foxmarble.net.

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Jo Turner

Tel: +44 (0) 20 7213 0880

Brandon Hill Capital (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Yellow Jersey PR

Georgia Colkin

Katie Bairsto

Henry Wilkinson

Tel: +44 (0) 7825 916 715

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 Illirico Bianco, 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 private residence. 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.

Preliminary Results for the year ended 31 December 2017

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Installation of CNC machine and block vacuum pump machine in Kosovo factory

Monday 16 April 2018

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

Fox Marble (AIM: FOX), the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that it has installed a new state-of-the-art Computer Numerical Control (“CNC”) machine and a block vacuum pump machine in the Company’s processing factory in Pristine, Kosovo. These additions to the new marble processing factory will provide additional capacity to meet increased order flow and improve margins.

The brand new, CNC machine is capable of automatically processing many varied shapes of material from slabs and small blocks, including 1,500 square metres of marble tiles per day. The machine is fully operational and has just manufactured the Company’s first order in which the whole process has been completed in house for “cut-to-size” tiles. Currently the only one of its kind throughout the Balkans and Greece, the CNC machine has been supplied by Gravellona Macchine Marmo, one of the leading manufacturers of cutting and polishing machinery based in Northern Italy.

In addition, Fox Marble has just completed the installation of a block vacuum pump machine, which is a more cost-effective way of adding to the inventory of marble blocks eligible for sale. This machine allows resin to be absorbed by blocks that have micro-cracks or fractures in them. As a result, the machine will improve the yield achievable from the quarries and increase the pricing of blocks which would otherwise have been considered lower quality.

Chris Gilbert, CEO of Fox Marble, commented:  

“Our fully operational factory now has the additional capability to process material-to-order at speed. We are confident that the cost effectiveness, flexibility and improved sophistication in our processing, delivered by this machinery, will impact positively on margins in the current year.

The installation of this new machinery also allows us to more effectively access the local market for tiles and “cut-to-size” orders, as well as servicing our international customers.”

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 (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Tel: +44 (0) 20 7213 0880

Yellow Jersey PR (PR & IR)

Georgia Colkin

Katie Bairsto

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 Illyrico Bianco, 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.

Statement re broker

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

The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into insolvency and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity.

BSL was the joint broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules").  As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.

Consequently BSL is no longer joint broker to the Company.

The broker to the Company is Brandon Hill Capital.

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 (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson

Tel: +44 (0) 20 7213 0880

Yellow Jersey PR (PR & IR)

Georgia Colkin

Katie Bairsto

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.

Receipt of Funds and Issue of Shares

AIM:  FOX
29 January 2018

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

Fox Marble, the AIM listed company focused on marble quarrying in Kosovo and the Balkans region is pleased to announce that it has received the £2,000,000 due in respect of the Subscription Shares as announced on the 19 January 2018.

Application has now been made for admission of the 19,047,619 Subscription Shares to trading on AIM. The shares are expected to be admitted to trading at 8:00am on 1 February 2018 and will rank equally in all respects with the Company's existing ordinary shares.

As previously announced in a circular dated 3 January 2018, it is the Company’s intention to use these funds to retire existing debt of the Company and increase production at the quarries and processing factory

Chris Gilbert, CEO of Fox Marble commented:

“With the receipt of these funds, the Company is now able to focus on increasing production ahead of the reopening of the quarries, following the winter shut down to meet the demand for its products from customers developed across multiple territories. We look forward to capitalising on new opportunities in a productive year ahead.”

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 1 February 2018 will consist of 215,085,322 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 215,085,322.

The above figure of 215,085,322 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.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by Fiona Hadfield, Finance Director of the Company.

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

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson

Tel: +44 (0) 20 7213 0880

Beaufort Securities Limited (Joint Broker)

Elliott Hance

Tel: +44 (0) 207 382 8300

Yellow Jersey PR (PR & IR)

Georgia Colkin

Katie Bairsto

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 Bianco Illirico, 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 four of the six sites into production 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.

Result of General Meeting and Issue of Equity

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Proposed Issue of Equity and Notice of General Meeting

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Sales and Purchase Agreement signed for distribution of marble into GCC nations

AIM:  FOX
3 January 2018

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

Fox Marble, (AIM:FOX) the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that it has signed a three-year sales agreement (the “Agreement”) with Mr Shailesh Patil.  Subject to achieving a minimum commitment of 3,000 tonnes per annum, the agreement confers upon Mr Patil exclusivity as Fox Marble’s distributor for GCC nations, comprising Oman, Qatar, Saudi Arabia, Bahrain, Kuwait and the UAE.  The minimum commitment under the Agreement equates to approximately €600,000 to €800,000 per annum. 

Mr Patil will make an initial payment of £50,000 within the next 14 days for an order of marble slabs, which are currently being prepared for shipment.  This first order comprises a range of Fox Marble stone, including Grigio Argento, Illirico Selene, Breccia Paradisea and Bianco Illirico.

As part of the Agreement, Mr Patil has committed to a further £450,000 advance payment, to be paid within 90 days of the Agreement, which will be offset against future orders.

Mr Patil is the founder and CEO of Kesari Tours Pvt Ltd, one of India’s most reputed travel companies, with branches across India and the GCC. He has extensive experience in successfully building businesses and brands, but his background is as an engineer working on marble projects, an industry to which he now returns with Fox Marble.

Chris Gilbert, CEO of Fox Marble, commented:

“We are delighted to have signed this important agreement for the Company with Mr Patil. This agreement clearly demonstrates not only the international recognition of our marble but also our continued ability to deliver large block orders, as demand increases and we expand into new markets.”

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

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson

Tel: +44 (0) 20 7213 0880

Beaufort Securities Limited (Joint Broker)

Elliott Hance

Tel: +44 (0) 207 382 8300

Yellow Jersey PR (PR & IR)

Georgia Colkin

Katie Bairsto

Tel: +44 (0) 7825 916 715

Tel: +44 (0) 7946 424 651

Definitions in this announcement are the same as those included in the Company's circular to be posted to shareholders today, dated 28 December 2017, available on the Company's website at www.foxmarble.net.

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

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 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. 

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. 

A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. 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. Subject to any continuing obligations under applicable law or any relevant AIM Rule requirements, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

Fox Marble announces that it has received an unsecured loan (the “Loan”) from Roy Harrison OBE, a non-executive director of the Company.

07 December 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 that it has received an unsecured loan (the “Loan”) from Roy Harrison OBE, a non-executive director of the Company.  The Loan is for £500,000 and has an attached interest rate of 5% for the outstanding period of the Loan, which may be repaid at any time within the two year term.

These funds will be used to purchase additional equipment in order to accommodate the increasing demand for the Company’s marble products. Marble production is due to recommence once the quarries are operational again in March 2018, after the usual planned winter shutdown.

The Loan is a related party transaction, pursuant to AIM Rule 13. Accordingly, following a consultation with the Company’s nominated adviser, the directors independent of the Loan, believe that the terms of the Loan are fair and reasonable insofar as shareholders are concerned.

Chris Gilbert, CEO of Fox Marble, commented:

“This facility, which falls outside our normal operating budget, will allow us to provide the quarries with additional essential equipment and it will give us the ability to increase production substantially, in order to meet the current and growing, global demand for our material.”

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

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson - Tel: +44 (0) 20 7213 0880

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.

Further sales under the previously announced agreement with Simsekler Mermer and first entry into the USA market

 23 November 2017

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

HIGHLIGHTS

• Further sales under the previously announced Agreement with Simsekler Mermer Company (“Simsekler”), a premier natural stone group based in Turkey

• First entry this year into the USA market for material processed in the Fox Marble factory

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that it has made further shipments under its Agreement with Simsekler. To date, Fox has shipped more than €200,000 of marble to the company, as part of the sales Agreement for a minimum of €400,000, signed in April 2017.

Furthermore, the Company also announces today that it has shipped and received payment on an order from Granite Planet LLC (“Granite Planet”).  Granite Planet, a company specialising in the wholesale, fabrication and installation of marble and granite, based in Michigan, USA., selected 230 sqm of marble slabs across Fox’s entire collection following an inspection of the Company’s newly operational factory and processing capabilities.   The company, which is in the process of ordering two further containers this month, has indicated their intention to purchase a further six containers of marble prior to the end of 2017.

Fox Marble, CEO Chris Gilbert, commented:

“We believe that the recent purchase of marble made by Simsekler clearly demonstrates and reinforces Fox’s ability to satisfy large volume block agreements. In addition, the order placed by Granite Planet LLC is not only testament to the quality of marble products we are able to produce, but it also represents an important new sales channel for the Company into the United States, from which we anticipate future orders.”

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

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Tel: +44 (0) 20 7213 0880

Beaufort Securities Limited (Joint Broker)

Elliott Hance

Tel: +44 (0) 207 382 8300

Yellow Jersey

Georgia Colkin

Katie Bairsto

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.