Fox Marble Holdings PLC Large volume order of processed marble confirmed (7169Q)
June 23 2020 - 2:00AM
UK Regulatory
TIDMFOX
RNS Number : 7169Q
Fox Marble Holdings PLC
23 June 2020
23 June 2020
Fox Marble Holdings plc
("Fox Marble" or the "Company")
Large volume order of processed marble confirmed
Fox Marble, the AIM quoted company focused on marble quarrying
and processing in Kosovo and the Balkans region, is pleased to
announce that it has signed a contract to supply 15,000 square
metres of cut and polished tiles and 19,000 metres of bespoke cut
to size products to CC Apartments LLC.
CC Apartments LLC is engaged in developing several prestigious
projects including apartments in Kosovo, as well as Albania and
surrounding countries.
Fox Marble will be processing blocks of a range of marble from
its own quarries for this project and supplying this material from
its factory in Kosovo.
The total value of the contract is circa EUR600,000. Delivery is
expected to commence in January 2021, with all revenues expected to
be realised by December 2021.
Chris Gilbert, CEO, commented "This contract to supply cut and
polished tiles is the largest single contract by volume yet won by
Fox Marble. This further confirms Fox Marble's position as the
leading provider of dimension stone within Kosovo and is a
testament to the efficiency of the factory and the quality of
locally sourced marble for such prestigious projects. Our factory,
as a designated industry, is able to continue to operate to meet
demand."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
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
Allenby Capital (Joint Broker) 5000
Amrit Nahal/Nick Naylor Tel: +44 (0) 20 3394
2973
Cairn Financial Advisers LLP (Nomad)
Liam Murray Tel: +44 (0) 20 7213
Sandy Jamieson 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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