Fox Marble Holdings PLC New order of processed marble confirmed (2519T)
24 Marzo 2021 - 1:00AM
UK Regulatory
TIDMFOX
RNS Number : 2519T
Fox Marble Holdings PLC
24 March 2021
24 March 2021
Fox Marble Holdings plc
("Fox Marble" or the "Company")
New order of processed marble confirmed
Fox Marble, the AIM listed company focused on marble quarrying
and processing in Kosovo and the Balkans region is pleased to
announce that it has signed its fourth contract in less than a year
to supply a major municipal construction project in Kosovo. The
contract, valued in excess of EUR190,000, is to deliver cut and
finished paving tiles for installation in the first stage of the
redevelopment of the town square in Kamenica, eastern Kosovo.
The 6,500sq metres of cut and finished paving tiles will be
supplied over the course of 2021 using material from Fox Marble's
quarries processed in its factory in Lipjan, Kosovo. This contract
has been entered into with the developers charged with restoring
the town square, which will be paved with material exclusively
supplied by Fox Marble.
Chris Gilbert, CEO, commented:
"This contract to supply paving tiles to a Municipality is the
fourth such large contract Fox Marble has won since May 2020 and
the second one this year alone.
"Our marble comes from our quarries in Kosovo and North
Macedonia and we are proud to supply locally quarried and processed
stone to another important municipal development. These contracts
provide a visible example of the quality of both the material and
the Company's finished stone product.
"We are grateful to our dedicated workforce who have contributed
so fully to improving the rate of production in our factory
allowing us to fulfil these substantial contracts within our
existing operating setup and look forward to updating the market as
we continue to win more new business in 2021."
This announcement contains inside information for the purposes
of Regulation 11 of the Market Abuse (amendment) (EU exit)
Regulations 2019/310.
For more information on Fox Marble please visit
www.foxmarble.net or contact:
Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer Tel: +44 (0) 20 7380
0999
Fiona Hadfield, Finance Director Tel: +44 (0) 20 7380
0999
Brandon Hill Capital (Joint Broker)
Oliver Stansfield Tel: +44 (0) 20 3463
5000
Allenby Capital (Joint Broker)
Nick Naylor/Nick Athanas/Liz Kirchner Tel: +44 (0) 20 3394
(Corporate Finance) 2973
Amrit Nahal (Sales and Corporate Broking)
Cairn Financial Advisers LLP (Nomad)
Liam Murray / Sandy Jamieson Tel: +44 (0) 20 7213
0880
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 Alexandrian Blue,
Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio
Argento and are gaining sales 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 residential property. 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.
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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