Fox Marble Holdings PLC New order - Phase II of Poduyeva (9393N)
February 04 2021 - 2:00AM
UK Regulatory
TIDMFOX
RNS Number : 9393N
Fox Marble Holdings PLC
04 February 2021
4 February 2021
Fox Marble Holdings plc
("Fox Marble" or the "Company")
New order - Phase II of Poduyeva announced
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 received a new order for the supply of cut and
polished paving tiles as part of Phase II of the contract for the
Municipality of Poduyeva in Kosovo (the "Project").
Phase II consists of the delivery of 6,600 square metres of
processed material. The Company will supply the block marble from
its quarries before cutting and finishing in its factory in Kosovo.
Work is expected to commence on the project in March 2020 and is
expected to generate circa EUR250,000 to the Company.
This is the second order with respect to Poduyeva for Fox
Marble. Fox Marble began supplying material under the Poduyeva
contract, details of which were previously announced on 30 July
2020, and has supplied 4,000 square metres of material to date. The
total contract is expected to be for approximately 20,000 sqm of
material.
Chris Gilbert, CEO, commented "This new order to supply paving
tiles to the Poduyeva Municipality is a testament to the value of
our stone, the quality of our processed material and the efficiency
with which we have supplied the stone for Phase I of the
development in this town square.
We continue to be the leading provider of dimension stone within
Kosovo. Our marble comes from our quarries in Kosovo and North
Macedonia and we look forward to reopening our quarries following
the winter shutdown.
We are proud of our 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. I look forward to updating the market on additional
contracts, which we expect will be formalised in the current
quarter."
This announcement contains inside information for the purposes
of Regulation 11 of the Market Abuse (amendment) (EU exit)
Regulations 2019/310. The Directors of the Company take
responsibility for this announcement.
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
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.
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