Fox Marble Holdings PLC Issue of Convertible Loan Notes (8995C)
04 October 2018 - 4:00PM
UK Regulatory
TIDMFOX
RNS Number : 8995C
Fox Marble Holdings PLC
04 October 2018
4 October 2018
Fox Marble Holdings plc
("Fox Marble" or the "Company")
Issue of Convertible Loan Notes
Fox Marble, the AIM listed company focused on marble quarrying
and finishing in Kosovo and the Balkans region announces that a
shareholder in Fox Marble has subscribed for GBP300,000 of
Convertible Loan Notes ("CLNs") on the same terms as previously
issued to the existing and previous CLN holders. The principal
terms of which are set out below:-
Term 2 years
Conversion price 10.5 p
Interest rate 8 %
The CLNs are convertible at the discretion of the Holder
Following the issue set out above the Company has a total of
GBP1,275,000 outstanding CLNs.
These funds will be largely utilised in the purchase of plant
and equipment to facilitate meeting the strong demand for its block
material.
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 (Broker)
Oliver Stansfield Tel: +44 (0) 20 3463
5000
Cairn Financial Advisers LLP (Nomad)
Liam Murray Tel: +44 (0) 20 7213
Jo Turner 0880
Yellow Jersey PR (PR & IR)
Georgia Colkin Tel: +44 (0) 7825
Katie Bairsto 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 Illirico Bianco, 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 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.
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 news service of the
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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