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Completion of Order to Turkey
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”)…
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
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…
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.