AIM: FOX 14 November 2017
Fox Marble Holdings plc
(“Fox Marble” or the “Company”)
Fox Marble Supports Memorial Project to Honour British and Commonwealth service personnel in Kosovo
Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is proud to announce its involvement in a project to move an important British military memorial to a prominent position in central Pristina, Kosovo. The memorial, dedicated to the 14 British and Commonwealth service personnel who died whilst serving as members of the NATO Kosovo Force (KFOR) between 1999 and 2007, was originally sited in the British army camp in Pristina known as Slim Lines and, subsequently, at the KFOR HQ.
Fox Marble was approached earlier this summer by His Excellency the British Ambassador to Kosovo, Mr Ruairí O’Connell with the plan to move the memorial to a more prominent location. Fox Marble was pleased to support the project by providing stone extracted from its quarries at Syriganë in northern Kosovo and Maleshevë in central Kosovo, cut and processed at its factory just outside Pristina, to build a new structure to display the memorial stone. The structure is believed to be the first major memorial in Kosovo's capital built from local stone comprising Illirico Bianco and Breccia Paradisea marble.
The memorial was re-dedicated in a public ceremony attended by the President and Prime Minister of Kosovo, representatives of the British, Canadian and Irish armed forces, the Kosovo Security Force and members of the diplomatic community on Sunday 12 November 2017.
Ambassador O'Connell commented, “The Embassy is grateful for Fox Marble's support which has made the move and re-dedication possible.”
Chris Gilbert, Chief Executive Officer of Fox Marble said, “We are extremely proud to sponsor and deliver the project which not only honours the 14 service personnel but also, all those who have served in KFOR, building a new future for Kosovo.”
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 5000
Beaufort Securities Limited (Joint Broker)
Elliott Hance Tel: +44 (0) 207 382 8300
Georgia Colkin Tel: +44 (0) 7825 916 715
Katie Bairsto 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 Illyric White, 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 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.