Fox Marble Holdings PLC New Orders and Specifications (6578V)
February 01 2017 - 2:00AM
UK Regulatory
TIDMFOX
RNS Number : 6578V
Fox Marble Holdings PLC
01 February 2017
Fox Marble Holdings plc
("Fox Marble" or the "Company")
Orders and specifications achieved for premium finished marble
product from leading luxury property developments in the UK and
Australia
Fox Marble, the AIM listed company focused on marble quarrying
and finishing in Kosova and the Balkans region, is pleased to
report on orders and specifications worth approximately EUR300,000
from leading property developments in the UK and Australia that
underscore the continued development of the Company's customer base
globally.
The prominent developments that have selected Fox Marble
include:
-- Audley Square in Mayfair, London being developed by the
Caudwell Collection - and regarded as one of the most prestigious
residential buildings in the world - has specified Fox Marble's
Illyric White and Selene Grigio marble for all of the interior
common areas. Once final plans for the property are complete Fox
Marble expects to receive a formal purchase order.
-- An exclusive residential property located in Point Piper,
Sydney, Australia, which is expected to be the most expensive house
in Australia when completed, has ordered Fox Marble's Sivec, Flora,
Rosso Cait and Etruscan gold marble to be used in its construction.
The materials were shipped in December 2016.
-- The developers of a large residential mansion in West London,
valued at GBP40m, have ordered Fox marble's Flora, Grigio Argento
and Sivec marble, due for shipment in the next two months with the
project due for completion in the spring of 2017.
Chris Gilbert, CEO commented: "These latest orders continue to
demonstrate the desirability of our premium marble products as the
stone of choice in some of the most prestigious and expensive
residential developments taking place around the world.
Furthermore, in line with our strategy of offering a low-capex
and integrated approach to our marble production, processing and
distribution globally, these developments also show that our brand
is gaining reputation as a trusted supplier, capable of effective
production and distribution of marble at the high standard of
quality required in such projects"
The directors' expectations for the Company's order book which
will be realised in 2017 remain broadly in line with what was
announced on 13 December 2016. The Audley Square development will
not be recognised in the order book until such point as a formal
purchase order is received.
Forward Looking Statements
Although any forward looking statements contained in this
announcement are based upon what the directors believe to be
reasonable assumptions, the Company cannot assure investors that
actual results will be consistent with such forward looking
statements. Accordingly, readers are cautioned not to place undue
reliance on forward looking statements.
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
Cairn Financial Advisers Tel: +44 (0) 20 7213
LLP (Nomad) 0880
Liam Murray
Brandon Hill Capital
(Broker)
Oliver Stansfield (CEO) Tel: +44 (0) 20 3463
5000
Yellow Jersey PR
Felicity Winkles Tel: +44 (0) 7748 843
871
Francesca Hiller Tel: +44 (0) 7708 400
470
Notes to Editors
Fox Marble Holdings Plc is an AIM quoted natural stone
extraction Company operating in Kosova and the Balkans region, with
headquarters in the United Kingdom.
The Company has 40-year mining licences for six separate marble
quarries of which three are now in production 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 (over 1bn tons) of
marble of premium quality marble.
In addition, Fox Marble has rights to extract marble from two
further premium quality marble quarries, at Drini and at Maleshevë
in Kosova, which is in full production, and from the Prilep Quarry
in Macedonia which is also in full production and, one of only two
sources worldwide of the highly prized White Sivec marble.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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