Issue of Equity, Directors’ Dealings and Total Voting Rights

AIM:  FOX                                                                                                                                             15 June 2016

Fox Marble Holdings plc

 (“Fox Marble” or the “Company”)

 Issue of Equity, Directors’ Dealings and Total Voting Rights

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that on 15 June 2016 it issued 296,176 ordinary shares of 1p each (“Ordinary Shares”) in the Company to the Non-Executive Directors of the Company, and to Executive Directors Christopher Gilbert and Dr Etrur Albani, at a price of 10.67 pence per share, being the 30-day volume weighted average price as at 10 June 2016. 

 As announced on 13 May 2016, in order to conserve cash, from 1 January 2016 the Non-Executive Directors of the Company have agreed to utilise their fees (net of tax) to subscribe for Ordinary Shares in the Company.  In addition, from 1 March 2016, Executive Directors Christopher Gilbert and Dr Etrur Albani have agreed to utilise fifty per cent of their remuneration (net of tax) to subscribe for Ordinary Shares in the Company. 

 This issue of Ordinary Shares is in respect of the remuneration for the period from 1 January 2016 to 31 March 2016 for Non-Executive Directors, and for Christopher Gilbert and Etrur Albani, this issue of Ordinary Shares is in respect of the remuneration for the period 1 March 2016 to 31 March 2016.

 Ordinary Shares of 1p were issued as follows:

Andrew Allner                                76,032

Sir Colin Terry                                42,182

Roy Harrison                                  38,667

Amati Global Partners LLP(1)           70,303

Christopher Gilbert                      33,033

Dr Etrur Albani                              35,959

  (1) Shares were issued to Amati Global Partners LLP in recognition of the services provided by Dr Paul Jourdan.

 Application has been made for the 296,176 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place with effect from commencement of business on 21 June 2016.

Total Voting Rights

In accordance with Rule 5.6.1 of the Disclosure Rules and Transparency Rules of the Financial Services Authority (“DTRs”), the Company’s issued share capital at 21 June 2016 will consist of 178,844,442 ordinary shares of 1 pence each. The Company does not hold any ordinary shares in treasury. Therefore the total number of voting rights in the Company is 178,844,442.

 The above figure of 178,844,442 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the DTRs.

 

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

 

Cairn Financial Advisers LLP (Nomad)

Liam Murray   Tel: +44 (0) 20 7148 7900
 

Brandon Hill Capital (Broker)

Oliver Stansfield   Tel: +44 (0) 20 3463 5000

 

Yellow Jersey PR

Aidan Stanley   Tel: +44 (0) 75 8408 5670

Dominic Barretto

 

Notes to Editors:

Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom.

 The Company has been granted mining licences in relation to six separate marble quarries and completed a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble.

 Fox Marble also has rights to extract marble from the Drini and Malesheva quarries, both in Kosovo and from the Prilep Quarry in Macedonia.