8 Sep 2016 07:00
AIM: FOX |
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Fox Marble Holdings plc
("Fox Marble" or the "Company")
New order for Lillie Square, Earls Court
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 |
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Chris Gilbert, Chief Executive Officer | Tel: +44 (0) 20 7380 0999 |
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Cairn Financial Advisers LLP (Nomad) Liam Murray Sandy Jamieson |
Tel: +44 (0) 20 7148 7900
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Brandon Hill Capital (Broker) |
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Oliver Stansfield | Tel: +44 (0) 20 3463 5000 |
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Yellow Jersey PR |
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Aidan Stanley Dominic Barretto
| Tel: +44 (0) 75 8408 5670
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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.