Fox Marble Holdings PLC New Sales Agreement (4252E)
July 04 2019 - 1:00AM
UK Regulatory
TIDMFOX
RNS Number : 4252E
Fox Marble Holdings PLC
04 July 2019
04 July 2019
Fox Marble Holdings plc
("Fox Marble" or the "Company")
New Sales Agreement
Fox Marble, the AIM listed company focused on marble quarrying
and finishing in Kosovo and the Balkans region is pleased to
announce it has entered into a new sales agreement with a customer
based in China.
The Sales Agreement is for a minimum of 10,000 tonnes of
Illirico Selene marble over the next year, and includes
a range of grades of marble blocks. The buyer will be granted priority seller status in China.
Chris Gilbert, CEO, commented "This buyer has been a recurring
customer of Fox Marble over the last year, however this sales
agreement formalises the relationship between us, ahead of an
expected increase in volume of
sales. We look forward to a long ongoing relationship. "
The information communicated in this announcement is inside
information for the purposes of Article 7 of 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
Fiona Hadfield, Finance Director Tel: +44 (0) 20 7380
0999
Brandon Hill Capital (Joint Broker)
Oliver Stansfield Tel: +44 (0) 20 3463
Optiva Securities (Joint Broker) 5000
Christian Dennis/Jeremy King Tel:+44 (0) 20 3137
1903
Cairn Financial Advisers LLP (Nomad)
Liam Murray / Sandy Jamieson Tel: +44 (0) 20 7213
Ludovico Lazzaretti 0880
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 marble quarries in
Kosovo and Macedonia. Fox has taken four sites into production
(Maleshevë, Syriganë and Cervenillë quarries, in Kosovo and from
the Prilep Quarry in Macedonia) and continues to increase
production.
Marble demand continues to grow with stable pricing,
predominantly driven by the construction and real-estate
industries, on which Fox is looking to capitalise.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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