Sale of Marble to Berkeley Homes plc

RNS Number : 1879C

Fox Marble Holdings PLC

15 January 2015

 

AIM: FOX                                                                                                                            

15 January 2015

Fox Marble Holdings plc

("Fox Marble" or the "Company")

Sale of Marble to Berkeley Homes plc

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that it has a confirmed order to supply 900 sqm of polished slabs of its grey Argento Grigio marble to St George Plc, which is the prestige home division of Berkeley Homes Plc. This marble will be installed in 50 apartments in phase two of its Chelsea Creek development in London by Classique Marble, the contractor responsible for fitting marble into the development.

This order has come via Fox Marble's offtake agreement with Pisani which supplies marble to St George Plc for a number of its projects. The order is expected to be delivered in February 2015.  

Berkeley Homes was founded in 1976 and today is one of the UK's best known developers of new homes with a commitment to provide superbly designed and built homes in excellent locations in London and the South East of England.

Chris Gilbert, CEO commented: "This order with Berkeley Homes Plc is a testament to the quality of our marble, and in particular the attractiveness of our grey Argento Grigio stone. We look forward to developing a long term relationship with this prestigious house builder and are pleased to have now finalised our first order with them."

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer	Tel: [phone]
Fiona Hadfield, Chief Financial Officer
Cairn Financial Advisers LLP (Nomad)
Avi Robinson / Liam Murray	Tel: [phone]
Fox Davies Capital Limited (Broker)
Jonathan Evans	Tel: [phone]
Yellow Jersey PR
Dominic Barretto/ Kelsey Traynor	Tel: [phone]

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 licenses 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 grey marble from the Drini quarry and cream and white grey marble from the Malesheva quarry, both in Kosovo and white Sivec marble from the Prilep Quarry in Macedonia.

 

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