Fox Marble Holdings PLC AGM Statement (1146N)
14 Mai 2015 - 8:00AM
UK Regulatory
TIDMFOX
RNS Number : 1146N
Fox Marble Holdings PLC
14 May 2015
AIM: FOX 14 May 2015
Fox Marble Holdings plc
("Fox Marble" or the "Company")
AGM Statement
At the Company's Annual General Meeting ("AGM"), which is to be
held today at 11am at Nabarro LLP, 125 London Wall, London EC2Y
5AL, the Board of Fox Marble, the AIM listed Company focused on
marble quarrying extraction and production in Kosovo and the
Balkans region, will deliver the following update to
shareholders:
"Since the year end, the Company has made good progress in
developing its growing order book, which currently stands at
EUR2.8m, of which EUR2.0m is expected to be realised in the current
year. Included in this are repeat orders from the St Georges
division of Berkeley Homes and the first order of sample blocks
which are being shipped to China.
"The Company is moving into further territories as it identifies
new customers. Fox Marble has increased its international sales
team which now includes a further three senior people who between
them have combined experience of more than 85 years in the industry
at the highest levels.
"The Company is also pleased to announce that the factory
building is now complete and will shortly receive the first
shipment of two gangsaws which will leave Italy within the month
for installation.
"Two weeks ago, Prime Minister Isa Mustafa of Kosovo visited the
factory site along with seven of his cabinet Ministers and, with
the British Ambassador (H.E. Ruairi O'Connell) in attendance,
declared his support for the Company and its plans for employment
and commerce in Kosovo.
"Within the last month, Fox Marble's sales agency in China sent
a delegation to inspect the quarries and the stone in situ and have
placed a preliminary sample order that includes blocks of Sivec,
Flora and Paradisea breccia. Once received in China and processed,
the stated intention by the delegation is to return to Kosovo and
select a large number of blocks for commercial production in their
facilities in China.
"The Board notes that good progress was made during the last
financial year and believes 2015 will be a pivotal year in
establishing Fox Marble in the market. We continue to be encouraged
by the reception of the market to our high quality marble.
"Once again, we would like to thank shareholders for their
continued support of the business and the board looks forward to
the progress the Company is expected to make in the coming
year."
-ends-
For more information on Fox Marble please visit
www.foxmarble.net or contact:
Fox Marble Holdings
plc
Chris Gilbert, Chief Tel: +44 (0) 20 7380
Executive Officer 0999
Fiona Hadfield, Chief
Financial Officer
Cairn Financial Advisers Tel: +44 (0) 20 7148
LLP (Nomad) 7900
Avi Robinson / Liam
Murray
Brandon Hill Capital
(Broker)
Oliver Stansfield (CEO) Tel: +44 (0) 20 3463
5000
Yellow Jersey PR
Dominic Barretto Tel: +44 (0) 77 6853
Kelsey Traynor 7739
Tel: +44 (0) 77 9900
3220
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 licenses 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 grey marble from the Drini
quarry and cream and white grey marble from the Malesheva quarry,
both in Kosovo and white Sivec marble from the Prilep Quarry in
Macedonia.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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