Fox Marble Holdings PLC Appointment of Joint broker (7708K)
12 Juillet 2017 - 8:00AM
UK Regulatory
TIDMFOX
RNS Number : 7708K
Fox Marble Holdings PLC
12 July 2017
AIM: FOX 12 July 2017
Fox Marble Holdings plc
("Fox Marble" or the "Company")
Appointment of Beaufort Securities as joint broker to Fox Marble
and,
Issue of Equity and Warrants
Appointment of Joint Broker
Fox Marble, the AIM listed company focused on marble quarrying
and finishing in Kosovo and the Balkans region, is pleased to
announce the appointment of Beaufort Securities Limited ("Beaufort
Securities") as joint broker to the Company.
Beaufort Securities will focus on improving liquidity and
marketing the potential of Fox Marble to its network of UK retail
and HNW investors, whilst in tandem providing research on the
Company.
Chris Gilbert, CEO, commented: "We are pleased to welcome
Beaufort Securities as Joint Broker to the Company. We believe
their expertise and relationships with the retail market will
compliment the Company's existing advisers and provide a more
balanced and wide reaching audience. We believe their appointment
is particularly timely given the recent success Fox Marble has
enjoyed in bulding up its sales order book and look forward to
outlining both this and anticipated future newsflow to a broader
audience."
Issue of Equity and Warrants
Fox Marble has today issued 277,777 new ordinary shares of 1p
each ("Ordinary Shares") in the Company to Beaufort Securities
Limited at a deemed price of 9p per share, being the closing bid
price on 11 July 2017, in lieu of annual broking fees.
In addition Beaufort Securities has been granted performance
warrants, in each case subject to the mid-price of the ordinary
shares trading above the exercise price for a consecutive period of
more than 3 months, as follows:
100,000 exercisable at 15p per share
75,000 exercisable at 20p per share
These warrants may be exercised for a period of up to 3 years
from their date of issue.
Application has been made for the 277,777 new Ordinary Shares to
be admitted to trading on AIM and it is expected that admission
will take place with effect from commencement of business on 19
July 2017.
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 11 July 2017 will consist of
181,344,851 ordinary shares of 1 pence each. The Company does not
hold any ordinary shares in treasury. Therefore the total number of
voting rights in the Company is 181,344,851.
The above figure of 181,344,851 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.
For more information on Fox Marble please visit
www.foxmarble.net or contact:
Fox Marble Holdings
plc
Chris Gilbert, Chief Tel: +44 (0)
Executive Officer 20 7380 0999
Cairn Financial Advisers
LLP (Nomad) Liam Tel: +44 (0)
Murray 20 7213 0883
Brandon Hill Capital
(Joint Broker)
Oliver Stansfield Tel: +44 (0)
20 3463 5000
Beaufort Securities Tel: +44 (0)
Limited (Joint Broker) 207 382 8300
Elliott Hance
Yellow Jersey PR
Felicity Winkles Tel: +44 (0)
7748 843 871
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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