Fox Marble Holdings PLC Total Voting Rights (3603S)
29 Novembre 2012 - 5:00PM
UK Regulatory
TIDMFOX
RNS Number : 3603S
Fox Marble Holdings PLC
29 November 2012
AIM: FOX 29 November 2012
Fox Marble Holdings Plc
("Fox Marble" or the "Company")
Completion of deferred element of IPO placing and Total Voting
Rights
Fox Marble announces that application has been made for
admission of 750,000 ordinary shares to trading on AIM in respect
of a GBP150,000 placing commitment on deferred settlement terms
which was given by one investor as part of the IPO Placing. The
shares are expected to be admitted to trading at 8:00am on Friday
30 November 2012.
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 30 November 2012 will consist
of 107,950,000 ordinary shares of 1pence each. The Company does not
hold any ordinary shares in treasury. Therefore the total number of
voting rights in the Company is 107,950,000.
The above figure of 107,950,000 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.
Enquiries
For more information on Fox Marble, please visit
www.foxmarble.net, or contact:
Fox Marble Holdings Plc
Christopher Gilbert, Chief Executive Tel: +44 (0) 20 7380 0999
Officer
Fiona Hadfield, Chief Financial
Officer
Fox Davies Capital Limited (Nominated Tel: +44 (0) 20 3463 5000
Adviser and Joint Broker)
Susan Walker
Daniel Fox-Davies
Merchant Securities (Joint Broker) Tel: +44 (0) 20 7375 9036
Lindsay Mair
Chris Theis
Buchanan Communications Tel: +44 (0) 20 7466 5000
Tim Anderson / Fiona Henson / www.buchanan.uk.com
Sophie Cowles
Notes to editors:
Fox Marble Holdings Plc is an AIM quoted natural stone
extraction company operating in Kosovo, with headquarters in the
United Kingdom.
The Company has been granted mining licences in relation to five
separate marble quarries and has a large high quality marble
resource including white breccia and honey yellow onyx. Its maiden
JORC compliant resource as set out in the Competent Person's Report
prepared by Golder Associates (UK) Limited, shows indicated marble
resources of 91.4 million m(3) and inferred marble resources of 235
million m(3) with an in-situ valuation of approximately Euro16.5
billon.
The Company has commenced quarrying operations at one quarry and
expects to commence operations at a second before the end of the
year prior to building a processing plant and developing a sales
network for the marble. Management intends to open two subsequent
quarries in the first half of 2014, with equipment funded from
operating cash flows.
The Group intends to sell a limited amount of unprocessed marble
blocks to generate early cashflows while the processing plant is
under construction, a process which is expected to take a period of
approximately 10 months. Once completed, the Group will focus
primarily on selling polished marble slabs on an ex-factory gate
basis to the wholesale market for ultimate use in the construction
and decorative industries across the world.
Marble is substantially more valuable once processed and it
attracts a broader market for sales. Once completed the plant will
begin to process and polish marble blocks extracted from the
quarries into slabs. The Board expect to recover 70% cent of the
total volume of blocks after allowing for wastage due to quality
control measures.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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