11 May 2018 07:00
11 May 2018
Fox Marble Holdings plc
("Fox Marble" or the "Company")
Posting of Annual Report and Notice of AGM
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
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Tel: +44 (0) 20 7213 0880
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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
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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.