TIDMFOX

RNS Number : 5137D

Fox Marble Holdings PLC

26 June 2019

26 June 2019

Fox Marble Holdings plc

("Fox Marble" or the "Company")

Result of Annual General Meeting

Fox Marble, the AIM listed company focused on marble quarrying in Kosovo and the Balkans region is pleased to announce that at its Annual General Meeting ("AGM") held today, all resolutions were duly passed.

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 
  Optiva Securities (Joint Broker)         5000 
  Christian Dennis/Jeremy King             Tel:+44 (0) 20 3137 
                                           1903 
 Cairn Financial Advisers LLP (Nomad) 
 Liam Murray / Sandy Jamieson             Tel: +44 (0) 20 7213 
  Ludovico Lazzaretti                      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 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 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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June 26, 2019 06:43 ET (10:43 GMT)

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