Fox Marble Holdings PLC Statement re broker (5610G)
March 02 2018 - 7:38AM
UK Regulatory
TIDMFOX
RNS Number : 5610G
Fox Marble Holdings PLC
02 March 2018
Fox Marble Holdings plc
("Fox Marble" or the "Company")
Statement re broker
The Company notes the announcement today regarding Beaufort
Securities Limited ("BSL") and Beaufort Asset Clearing Services
Limited ("BACSL") being placed into insolvency and that the
Financial Conduct Authority (the "FCA") has imposed requirements on
BSL and BACSL to cease all regulatory activity.
BSL was the joint broker to the Company pursuant to the AIM
Rules for Companies (the "AIM Rules"). As a result of the
requirements imposed by the FCA, BSL will no longer be able to
provide broking services to the Company in accordance with the AIM
Rules.
Consequently BSL is no longer joint broker to the Company.
The broker to the Company is Brandon Hill Capital.
For more information on Fox Marble please visit
www.foxmarble.net or contact:
Fox Marble Holdings plc
Chris Gilbert, Chief Executive Tel: +44 (0)
Officer 20 7380 0999
Fiona Hadfield, Finance Director Tel: +44 (0)
20 7380 0999
Brandon Hill Capital (Broker)
Oliver Stansfield Tel: +44 (0)
20 3463 5000
Cairn Financial Advisers LLP
(Nomad)
Liam Murray / Sandy Jamieson Tel: +44 (0)
20 7213 0880
Yellow Jersey PR (PR & IR)
Georgia Colkin Tel: +44 (0)
Katie Bairsto 7825 916 715
Tel: +44 (0)
7946 424 651
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 Illyric White, Illirico
Selene, Grigio Argento and are gaining traction 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 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.
Fox Marble holds 40 year mining licences for six separate marble
quarries with a maiden JORC resource indicating an in-situ
valuation of approximately Euro 16.5 billion. Fox has taken three
of the six sites into production (the Drini and Maleshevë quarries,
both in Kosovo and from the Prilep Quarry in Macedonia) and
continues to increase production. Notably, Fox has access to over
300 million cubic metres (over 1bn tons) of premium quality
marble.
Marble demand continues to grow with stable pricing,
predominantly driven by the construction and real-estate
industries, on which Fox is looking to capitalise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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