Issue of Equity, Directors’ Dealings and Total Voting Rights

AIM:  FOX
1 November 2016

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that on 31 October 2016 it issued 460,361 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 9.9 pence per share, being the 30-day volume weighted average price as at 27 October 2016. 

As announced on 13 May 2016, 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 to Andrew Allner, Sir Colin Terry, Roy Harrison and Christopher Gilbert is in respect of the remuneration for the period from 1 July 2016 to 30 September 2016.

This issue of Ordinary Shares to Dr Etrur Albani and Amati Global Partners LLP is in respect of the remuneration for the period from 1 July 2016 to 20 September 2016.

Ordinary Shares of 1p were issued as follows:

Andrew Allner 80,628

Sir Colin Terry 45,638

Roy Harrison 41,835

Amati Global Partners LLP(1) 67,606

Christopher Gilbert 107,186

Dr Etrur Albani 117,468

(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 460,361 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 4 November.

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 4 November 2016 will consist of 181,067,074 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 181,067,074.

The above figure of 181,067,074 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 7213 0880

Brandon Hill Capital (Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Yellow Jersey PR
Dominic Barretto
Tel: +44 (0) 77 6853 7739

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.

Landmark venture formed in cooperation with the Government of Kosovo

4 October 2016

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that it is participating in a new project through a newly formed company registered in the U.S., Stone Alliance LLC (“Stone Alliance”), a company which is 59% owned by Fox Marble.

Key Points:

• On 4 October 2016 Stone Alliance signed a non-binding Memorandum of Understanding (“MoU”) with the Parliament of Kosovo.

• Stone Alliance  will need to raise a minimum €100m from external sources to facilitate the opening of 40 proposed marble quarries and factories over a five year period in the region with a view to establish Kosovo as a global presence in the stone industry, creating in excess of 2,000 jobs.

• Stone Alliance granted Commercial Advocacy by the Advocacy Centre of the United States Department of Commerce, ensuring the company benefits from the active support of the U.S. Government.

• Fox Marble will provide the expertise on technical and strategic planning, implementation and quarry operations; as well as the initial marketing, sales and distribution platforms for all Stone Alliance products.

Having recognised Fox Marble’s success in developing quarries in the country and the high quality of the marble being produced, the Government of Kosovo is keen to accelerate the wider development of the large number of marble deposits which have been identified in the country and to attract inward investment.  Through Stone Alliance they aim to realise this ambition, drawing on Fox Marble’s existing management and operational expertise. 

Stone Alliance has reserved exploration licences for 40 quarry sites with the Independent Commission for Mining and Minerals, the licensing body in Kosovo. These quarries have been surveyed and contain large quantities of high quality dimension stone.

Further, Stone Alliance has been granted Commercial Advocacy by the Advocacy Centre of the United States Department of Commerce based in Washington DC.  This ensures that the company benefits from the active support of the U.S. Government.  That support will be primarily delivered by the US Ambassador to Kosovo, HE Ambassador Greg Delawie, and his staff.

Building on an official letter of welcome from the Kosovo Prime Minister,  Dr Isa Mustafa, and with the strong support of Ambassador Delawie and his team, on 4 October 2016 Stone Alliance signed a non-binding Memorandum of Understanding (“MoU”) with the Parliament of Kosovo, led by its President and Dr Mustafa’s senior coalition Partner, President of Parliament KadriVeseli. 

The MoU sets out to achieve the following objectives:

- Creation of a world class new stone industry for Kosovo and in excess of  2,000 jobs in the first five years of the business plan implementation;

- International board of directors led by the Chairman, Lt. Gen.(Ret.) Michael D. Barbero; and

- Enhanced reputation of Kosovo through the transformation of the international perception of investment risk as well as through the globalmarketing and sales of prestigious Kosovan stone.

In accordance with the MOU, Stone Alliance has agreed to raise the capital necessary to facilitate the opening of forty quarries in Kosovo, creating not only direct employment in the quarries themselves but also jobs in the support industries, such as transport and logistics, consumables provision, as well as maintenance and catering services where all providers are expected to be local businesses. Stone Alliance will also commit to build at least two new factories which will process the extracted raw marble into the higher value cut and polished slab products. 

Stone Alliance is seeking to raiseat least €100m from new investors as the business plan dictates.  It is envisaged that the fundraising will commence shortly.

Stone Alliance shall facilitate the opening of the proposed quarries and factories over a five year period.  Each of the 40 quarries are expected to be the subject of a joint venture with a local minority partner responsible for operations under the direction of Fox Marble.Fox Marble, which will be the operating company for Stone Alliance in addition to continuing with its current operations, will provide the expertise on technical and strategic planning, implementation and quarry operations; as well as the initial marketing, sales and distribution platforms for all Stone Alliance products.

Directors and former Directors of Fox Marble, who have interests in Stone Alliance, are Mr Andrew Allner (1%), who will act as the Deputy Chairman of Stone Alliance and Dr Etrur Albani (10%). Chris Gilbert, who will act as the CEO, will receive an interest of up to 3%, subject to specific performance criteria being met. These holdings reflect the work they have done in order to establish Stone Alliance.  The balance of the interests in Stone Alliance are held by a variety of local partners, consultants and advisers.

Chris Gilbert, Fox Marble’s CEO commented:

“Fox Marble is delighted to participate in this exciting project which we expect will help to establish Kosovo as a global presence in the stone industry. Fox Marble will provide all the practical expertise required to achieve the stated objectives of Stone Alliance and manage the business, which has rights to very attractive stone in 40 sites across the country. Fox Marble will continue to build on its own successes in its quarries and work hard to deliver on its previously stated business model. The additional responsibilities Fox Marble will assume for Stone Alliance, in which it holds a majority stake, will enhance its abilities to meet its objectives on a much wider marketing, sales and distribution platform.”

Andrew Allner, Fox Marble’s Chairman commented:

“Fox Marble was formed with the objectives of establishing Kosovo as a leading global supplier of marble whilst at the same time providing attractive returns for shareholders. The establishment of Stone Alliance as a subsidiary company of Fox Marble is a major development and provides a powerful structure for the future. Fox Marble must now put this structure into operation and execute its plans to ensure that Kosovo’s potential as a leading global supplier of marble is delivered, thus creating employment and wealth in Kosovo and providing additional value to our shareholders.

I would like to welcome Lt. General Mike Barbero as Chairman of Stone Alliance. He has played an important role in obtaining the support of the US Government and reaching agreement in Kosovo. I look forward to working closely with him in the years ahead.”

Michael D. Barbero, Stone Alliance’s Chairman commented:

"We are excited to build upon this MoU, which we have signed with the Government of Kosovo, to develop Stone Alliance into an economic and employment leader in Kosovo.  With the support of the U.S. Government and in partnership with the Government of Kosovo, Stone Alliance is committed to the long term success of this project."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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)

James Caithie

Liam Murray

Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Yellow Jersey PR

Dominic Barretto

Aiden Stanley

Tel: +44 (0) 77 6853 7739 

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.

Directorate Changes

AIM:  FOX
20 September 2016

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces the following directorate changes effective today, 20 September 2016. 

Dr Etrur Albani will be stepping down from the Board as Managing Director in order to focus on the operational activities of the Company.  Dr Albani remains fully committed to Fox Marble and will continue supporting the Company in achieving its goals.

Dr Paul Jourdan will be retiring as a non-executive director due to increased demands on his time from his role at Amati Global Investors.

Mr Richard Round will be joining the board as a non-executive director.  Mr Round was previously Chief Executive Officer and Finance Director of a number of AIM listed and private equity backed companies in the resources sector, most recently leading the successful sale of Green Highland Renewables Limited in 2015. Mr Round now holds a number of non-executive positions across various industries.

Ms Fiona Hadfield has been re-appointed to the Board as Chief Financial Officer, following maternity leave. She replaces Ms Candice Sutherland, who will resign from the Board in order to pursue other business interests. 

Andrew Allner, Chairman, commented:

“We are pleased to welcome both Richard and Fiona to the Board and look forward to leveraging their combined wealth of experience. These appointments come at an important time for the Company and the Board looks forward to updating the market on progress made between now and the end of the year. 

“We would like to thank Etrur for his unwavering support to date.  We are pleased that Etrur remains fully committed to Fox Marble’s development and that he has confirmed he has no plans to dispose of his shareholding in the Company.

“The team and I would further like to extend collective thanks to Paul and Candice for their contributions to date, in their respective roles, and wish them well in their future endeavours. Amati Global Investors remains a highly valued investor and we will of course continue to keep closely in touch with Paul.” 

Further information pursuant to Rule 17, Schedule 2 (g) of the AIM Rules is set out below. 

Richard Calvin Round, age 58 is currently, or has been previously, a director of the following companies within the past five years:

Current directorships                                           Previous directorships
West Cumbria Mining (Holdings) Limited           Green Highland Renewables Limited
West Cumbria Mining Limited                              Green Highland Renewables (Roroyere) Limited
Cyberhawk Innovations Limited                           Lewis Wave Power Limited
Rimar Services Limited                                           Renewable Technology Ventures Limited
Anglo Asian Operations Limited                           Marine Power Projects Limited
Anglo Asian Mining plc                                           Aquamarine Power Limited
                                                                                   Brough Head Wave Farm Limited

There is no other information regarding Richard Round required to be disclosed under the AIM Rules. 

Fiona Clare Hadfield, age 36 has previously been a director of the following companies within the past five years: 

Current directorships                                             Previous directorships
None                                                                            Fox Marble Holdings plc

There is no other information regarding Fiona Hadfield required to be disclosed under the AIM Rules. 

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
Sandy Jamieson
    
Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker)     
Oliver Stansfield     

Tel: +44 (0) 20 3463 5000
    
Yellow Jersey PR     
Aidan Stanley
Dominic Barretto

Tel: +44 (0) 75 8408 5670

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. 

New order for Lillie Square, Earls Court

AIM: FOX
8 September 2016

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that its Bianco Illirico stone has been specified via our distribution partner, Pisani Plc, for use in the Lillie Square development in Earls Court, London. This is one of the largest developments in the UK with 7,500 homes ultimately planned.

Lillie Square is owned and developed by a joint venture between Capital & Counties Properties Plc and interests of certain members of the Kwok family. The general contractor on the project is Sir Robert McAlpine Limited. Phase 1 of this development has been sold, with the Company’s stone selected for the ten penthouses. The material is to be installed in the kitchens, entrances and common areas. It is also being used in various other apartments with terraces. The first shipment of Bianco Illirico slabs is due to be delivered to Lillie Square within two weeks, with the total order anticipated to be 2,000 square metres over the next two years.

Chris Gilbert, CEO, commented:

“We are pleased that our newest quarry is now supplying our Bianco Illirico marble to such a large and prestigious development in London. We have now sold a variety of our marble types into two of the largest London developers’ projects, Berkeley Homes Plc and Capital & Counties Properties Plc. This is a testament to the excellent quality of our stone and its desirability for new and exciting projects.”

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 of the European Parliament.

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
Sandy Jamieson
Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker)
Oliver Stansfield Tel: +44 (0) 20 3463 5000

Yellow Jersey PR
Aidan Stanley
Dominic Barretto
Tel: +44 (0) 75 8408 5670

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.

Issue of Equity, Directors’ Dealings and Total Voting Rights

AIM:  FOX
27 July 2016

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, announces that on 27 July 2016 it issued 462,271 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 pence per share, being the 30-day volume weighted average price as at 22 July 2016. 

As announced on 13 May 2016, 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 April 2016 to 30 June 2016.

Ordinary Shares of 1p were issued as follows:

Andrew Allner 79,500

Sir Colin Terry 45,000

Roy Harrison 41,250

Amati Global Partners LLP(1) 75,000

Christopher Gilbert 105,694

Dr Etrur Albani 115,827

(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 462,271  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 01 August 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 01 August 2016 will consist of 180,606,713 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 180,606,713.

The above figure of 180,606,713 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
Dominic Barretto
Tel: +44 (0) 77 6853 7739

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.

Issue of Equity Confirmation

AIM: FOX
29 June 2016

Fox Marble Holdings plc
("Fox Marble" or the "Company")

Further to the announcement issued on 13 May 2016 in respect to an issue of equity, Fox Marble (AIM:FOX), the AIM listed company focused on marble quarrying in Kosovo and the Balkans region, is pleased to announce that the conditions in respect to the conditional placing of 1,300,000 new Ordinary Shares of 10 pence per share ("the Conditional Placing Shares") have now been met. In this respect the Conditional Placing Shares are expected to be admitted to trading on AIM on or around 30 June 2016.

Following Admission, the total number of ordinary shares in issue will be 180,144,442.

The above figure of 180,144,442 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
Dominic Barretto
Tel: +44 (0) 75 8408 5670　

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.

Result of AGM

AIM: FOX
29 June 2016

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble announces that at its AGM held today, all resolutions were duly passed. 

-ends-

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
Dominic Barretto
Tel: +44 (0) 75 8408 5670
Tel: +44 (0) 75 8408 5670

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.

Issue of Equity, Directors’ Dealings and Total Voting Rights

AIM:  FOX
15 June 2016

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

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.

Notification of Major Interest in Shares

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Notification of Major Interest in Shares

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Notification of Major Interest in Shares

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Posting of Annual Report and Notice of Annual General Meeting

AIM:  FOX
7 June 2016

Fox Marble Holdings plc
(“Fox Marble” or the “Company”) 

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, confirms that it has posted its Annual Report and Accounts for the year ended 31 December 2015 to shareholders together with the Notice of Annual General Meeting and the associated form of proxy.

The Annual Report, the Notice and related documents are available on Fox Marble's website and can be downloaded from: www.foxmarble.net.

For further information please visit www.foxmarble.net.

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
Dominic Barretto
Tel: +44 (0) 75 8408 5670

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.

Result of GM and Issue of Equity

AIM:  FOX
1 June 2016

Fox Marble Holdings plc
 (“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying in Kosovo and the Balkans region is pleased to announce that at the General Meeting of the Company held today, all of the resolutions proposed in the notice of General Meeting sent to shareholders dated 13 May 2016 were duly passed.

In regards to the 18,700,000 Firm Placing Shares, application has been made for admission of 18,700,000 ordinary shares to trading on AIM following the passing of all resolutions at the General Meeting dated 1 June 2016. The Firm Placing Shares are expected to be admitted to trading at 8:00am on Thursday 2 June 2016 and will rank equally in all respects with the Company's existing ordinary shares.

Upon satisfaction of the HMRC Condition, in regards to the 1,300,000 Conditional Placing Shares, application will be made for admission of 1,300,000 ordinary shares to trading on AIM following the passing of all resolutions at the General Meeting dated 1 June 2016. The Conditional Placing Shares are expected to be admitted to trading at 8:00am no later than 30 June 2016 and will rank equally in all respects with the Company's existing ordinary shares.

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 2 June 2016 will consist of 178,548,266 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 178,548,266.

The above figure of 178,548,266 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
Aiden Stanley
Dominic Barretto
Tel: +44 (0) 75 8408 5670

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.

Proposed Firm Placing, Conditional Placing and Notice of General Meeting

AIM:  FOX
13th May 2016

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

• Capital raise of £2,000,000 completed with new and existing shareholders

• Factory in Kosovo to be completed during the summer of 2016

• Directors to take salaries in Fox Marble shares at prevailing market prices

Fox Marble (AIM:FOX), the AIM listed company focused on marble quarrying in Kosovo and the Balkans region, is pleased to announce that it has conditionally raised £2,000,000 (before expenses) by way of a firm placing of new Ordinary Shares at 10 pence per share and a conditional placing of new Ordinary Shares at 10 pence per share through Brandon Hill Capital Limited, subject to, inter alia, shareholder approval (the "Placing").

Proceeds from the Placing are intended primarily to fund completion of the factory and employee skills training, to further expand the sales and distribution platforms globally, in particular North America, India, the Middle East, Balkans and the United Kingdom, and provide additional working capital whilst we continue our development of sales channels.

A circular convening the General Meeting to be held at the offices of Nabarro LLP at 125 London Wall, London, EC2Y 5AL at 9.00 a.m. on 1 June 2016 to grant the Board authority to allot the Placing shares for cash on a non pre-emptive basis will be sent to shareholders today and will be available to download from the Company's website at www.foxmarble.net. 

Chris Gilbert, CEO commented:

“We believe the completion of the processing facility and expansion of our sales and distribution platforms are key milestones for the Company.  We expect to be able to produce cut and polished marble slabs in Kosovo during the summer.  This will significantly boost our margins as well as open up the Balkan markets for cutting and polishing of regional stone.

We have seen significant interest from existing and new customers so far in 2016 and look forward to updating the market on new contracts as and when they materialise.”

Further details of the Placing are provided below. 

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
Dominic Barretto
Aidan Stanley
Tel: +44 (0) 77 6853 7739

Definitions in this announcement are the same as those included in the Company's circular to be posted to shareholders today, dated 13 May 2016, available on the Company's website at www.foxmarble.net.

INTRODUCTION

The Firm Placing to raise £1,870,000 (before expenses) is conditional upon, among other things, Shareholder approval at the General Meeting, the Firm Placing Shares being admitted to trading on AIM and the Placing Agreement not being terminated in accordance with its terms prior to First Admission.  The Conditional Placing to raise £130,000 (before expenses) is conditional upon, amongst other things, Shareholder approval at the General Meeting, satisfaction of the HMRC Condition, the Conditional Placing Shares being admitted to trading on AIM and the Placing Agreement not being terminated in accordance with its terms prior to Second Admission.  The passing by Shareholders of the Resolutions at the General Meeting will give the Directors the required authority to allot the Placing shares and will disapply statutory pre-emption rights. Subject to all relevant conditions being satisfied (or, if applicable, waived), it is expected that the Firm Placing Shares will be issued and admitted to trading on AIM at 8.00 a.m. on 2 June 2016 and the Conditional Placing Shares will be issued and admitted to trading on AIM no later than 8.00 a.m. on 30 June 2016.

The General Meeting to be held at 9.00 a.m. on 1 June 2016 is being convened for the purpose of proposing the Resolutions described in the Circular.  The passing of the Resolutions is a condition to completion of the Placing. The Directors intend to vote (or procure a vote) in favour of all of the Resolutions in respect of their own beneficial holdings totalling 40,634,484 Ordinary Shares, representing approximately 25.42 per cent. of the Existing Ordinary Shares.

BACKGROUND TO AND REASONS FOR THE PLACING

It is Fox Marble’s long-term strategy to become a major international supplier of high quality marble blocks and processed marble products from the Company’s own facility based in Lipjan, Kosovo.  

The Company has made significant progress in the period since admission to AIM in August 2012.  Fox Marble now operates four quarries and, in addition, the processing facility is nearing completion.  The Company expects to be able to produce cut and polished marble slabs in Kosovo by the summer of 2016.  This self-sufficiency reduces the cost of production and removes the reliance on processing in Italy, and concurrently opens up access to sales channels for processed marble in the local Balkan market. 

The Company is carrying out the Placing to fund the completion of the processing facility, to expand the sales and distribution platforms globally, in particular North America, India, the Middle East, Balkans and the United Kingdom, and to provide additional working capital whilst sales channels continue to develop.

CURRENT TRADING

Four of Fox Marble’s quarries are currently in operation producing nine varieties of stone at Cervenilla, Syrigane, Malesheva and Prilep. In addition, the Group currently has six further quarries under licence or operating agreements. The three operating quarries in Kosovo and one in Macedonia are producing commercial size blocks and the Company has a large and varied stock of blocks and slabs on hand. Fox Marble is now able to fulfil customer orders on nine varieties of marble, each with desirable attributes. 

The processing facility is expected to be operational by the summer of 2016.  The Italian supplier of the equipment needed to complete the slab processing and resining production lines at the Company’s factory has confirmed delivery of the equipment during H1 2016.  The purchase agreement for this equipment has been amended to reflect the delays on delivery experienced by the Company during 2015 which were beyond the Company’s control. The total discounted cost of this equipment is €900,000.  Of this, €400,000 will be a cash payment of which €112,500 has already been paid.  The balance of €500,000 will be satisfied by the sale of a range of marble blocks from the Company’s quarries to the supplier, upon completion of delivery and installation of the equipment. Both internal and external gantry cranes have been fully installed and successfully tested and the installation of the gangsaws is currently being finalised.

On 7 March 2016 the Company announced it had received an advance payment of €390,000, part payment on a €2,000,000 order placed through Fox Marble’s new long-term distribution agreement entered into with Eboracum Marble Limited.

The order book for 2016 totals €3.5m as previously announced, and the Company continues to make progress on developing further sales channels.

On 31 August 2012 the Company issued in aggregate £1,060,000 fixed rate convertible unsecured loan notes to Amati VCT plc and Amati VCT 2 plc pursuant to the loan note instrument dated 24 August 2012 (“Loan Notes”).  At any time prior to repayment of the Loan Notes, the Stockholder may issue a conversion notice and the Stockholder will receive such number of Ordinary Shares as satisfied by the formula: 1 Ordinary Share for every y pence nominal of stock converted, where y is the lesser of: 20 + (number of whole months which have lapsed between the date of issue of the stock held by the Stockholder and the date of receipt of by the Company of a conversion notice multiplied by 0.1666); and 26. On 1 September 2015 the interest rate on the Loan Notes increased from 8 per cent. to 25 per cent. per annum in accordance with the terms of the Loan Notes. Agreement has been reached with the Stockholder that, subject to, among other things, Shareholder approval of the Resolutions at the General Meeting, the interest rate on the Loan Notes will revert to the more favourable 8 per cent. interest per annum in return for amending the conversion formula to 1 Ordinary Share for every 10 pence nominal of stock converted.

 AIM Rule 13 deems that a transaction between the Company and a related party requires a statement that with the exception of any director who is involved in the transaction as a related party, its directors consider, having consulted with its nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.  Paul Jourdan is a director of the Company and a director of Amati Global Investors Limited (“Amati”) and, as Amati is engaged as a fund manager to each of Amati VCT plc and Amati VCT 2 plc, these entities are deemed to be related parties.  Amati VCT plc and Amati VCT 2 plc were each issued Loan Notes (the terms of which are being varied as set out above) and are participating in the Conditional Placing. Such transactions are deemed to be related party transactions pursuant to AIM Rule 13.  Consequently, the Directors, with the exception of Paul Jourdan, consider, having consulted with the Company’s nominated adviser, that the terms of the transactions are fair and reasonable insofar as shareholders are concerned.

In order to conserve cash 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, 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 at the Company’s request. The volume of Ordinary Shares subscribed for will be calculated quarterly in arrears and with reference to the 30 day volume weighted average price per Ordinary Share as at the time of issue.  For the avoidance of doubt, these subscriptions by the Directors are not included in the £2,000,000 capital raise outlined above.

Fox Marble had approximately €1.5 million of cash as at 30 April 2016.

USE OF PROCEEDS

Complete factory and train workforce £1,200,000

Enhance sales and distribution network £300,000

Quarry equipment - replacement £200,000

Further development of the benches at the Malesheva and Prilep quarries £100,000

Working capital £200,000

Total £2,000,000

Placing statistics

Placing Price 10 pence

Number of Existing Ordinary Shares 159,848,266

Number of Firm Placing Shares 18,700,000

Number of Conditional Placing Shares 1,300,000

Number of Ordinary Shares in issue immediately following completion of the Firm Placing 178,548,266

Number of Ordinary Shares in issue immediately following completion of the Conditional Placing(1) 179,848,266

Placing Shares as a percentage of the enlarged issued share capital(1) 11.1 per cent

Gross proceeds of the Placing £2,000,000

ISIN Code GB00B7LGG306

SEDOL Code B7LGG30

Note:
(1) Assuming that no other Ordinary Shares (other than the Placing Shares) will be issued in the period between the date of this document and completion of the Placing.

EXPECTED TIMETABLE OF EVENTS

9.00 a.m. on 26 May 2016
Latest time and date for receipt of Forms of Proxy for General Meeting

9.00 a.m. on 1 June 2016
General Meeting

8.00 a.m. on 2 June 2016
Admission of and commencement of dealings in the Firm Placing Shares expected on AIM

8.00 a.m. on 2 June 2016
CREST accounts credited with the Firm Placing Shares in uncertificated form

By 9 June 2016
Despatch of definitive share certificates in respect of the Firm Placing Shares to be issued in certificated form (if required)

By 8.00 a.m. on 30 June 2016
Admission of and commencement of dealings in the Conditional Placing Shares expected on AIM

By 8.00 a.m. on 30 June 2016
CREST accounts credited with the Conditional Placing Shares in uncertificated form

By 7 July 2016
Despatch of definitive share certificates in respect of the Conditional Placing Shares to be issued in certificated form (if required)

Attendance at UK Investor Show 2016

AIM: FOX
25 April 2016  

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, will be exhibiting at the UK Investor Show 2016, on 30 April 2016 at the Queen Elizabeth II Conference Centre in
Westminster, London, SW1P 3EE.

Fox Marble can be found at Stand 62 in the Fleming Lounge at the Queen Elizabeth II Conference Centre.  In addition Chris Gilbert, CEO, will be presenting between 14:20 and 14:40 in Breakout Room 2.

No new material trading or financial information will be disclosed.

This exhibition showcases an array of excellent speakers and over 100 companies will be attending.  For more information and tickets, please visit the UK Investor Show 2016 site here: www.ukinvestorshow.com.

-ends-

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

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Candice Sutherland, Chief Financial Officer
Tel: +44 (0) 20 7380 0999

Yellow Jersey PR
Dominic Barretto
Aidan Stanley
Tel: +44 (0) 77 6853 7739

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.

Block Sales and Factory Update Agreement

AIM:  FOX
15th March 2016

 Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to provide the following update to the market.

The Italian supplier of the equipment needed to complete the slab processing and resining production lines at the Company’s factory has confirmed delivery of the lines within the next two months.  The purchase agreement has been amended to reflect the delays in 2015. The total discounted cost of this equipment is €900,000.  Of this, €400,000 will be a cash payment of which €112,500 has already been paid.  The balance of €500,000  will be satisfied by the sale of a range of marble blocks from the Company’s quarries to the supplier, upon completion of delivery and installation of the equipment.

The Company is further pleased to confirm broader work at the factory site in Lipjan, Kosovo, is progressing well and as previously announced, commissioning and opening of the factory is anticipated by the middle of the year.  Both internal and external gantry cranes have been delivered to the site, with the five tonne internal gantry crane now fully installed and tested.  The thirty-five tonne external gantry crane is expected to be installed shortly. 

Chris Gilbert, CEO, commented:

“This confirmation is a key milestone on the path towards the factory becoming fully operational.  We expect to be able to produce cut and polished marble slabs in Kosovo by the middle of the year and in so doing reduce our cost of production. Furthermore, with facilities in country, Fox Marble expects to open upadditional sales channels to local Balkan markets for finished stone, as well as allowing the Company to make more efficient use of all of its production and improve yields within the quarries.  The progress on installation of equipment and the advance payment from Eboracum show the Company making progress towards a new phase in marble processing and revenue generation.” 

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)

Avi Robinson / Liam Murray 

Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Yellow Jersey PR  

Dominic Barretto

Aidan Stanley

Tel: +44 (0) 77 6853 7739

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.

Advance Payment Received

AIM:  FOX
7th March 2016

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to confirm that of the €2,000,000 order placed through Fox Marble’s new long-term distribution agreement entered into with Eboracum Limited (“Eboracum”), as reported in the Company’s announcement dated 21 January 2016, the Company has received confirmation from Eboracum’s accountants of receipt of an advance payment of £300,000 (€390,000) into their client account, which will shortly be transferred to the Company.  This advance reflects the material on hand that is ready for shipment, for which delivery is now expected to commence.  The balance is payable prior to further shipments.

Malesheva quarry

The first blocks extracted from the Malesheva quarry in Kosovo have been processed and samples have been distributed to potential buyers.  In addition to the milk-white marble known as Illirico Bianco, the quarry has been found to contain a light, silver grey marble, known as Illirico Selene.  Slabs of both types have been cut and polished in Carrara and are attracting a positive response already.  The Company has opened the quarry in such a way that both stone types can be extracted to fufill demand.  

Chris Gilbert, CEO, commented:

“We are pleased to announce the  confirmation of payment of this advance and that we are now beginning to deliver this order.  We look forward to a successful relationship with this newly appointed distributor, Eboracum Limited, in addition to our already existing sales channels around the world.  

“Further, the interest we are already receiving in our Illirico Bianco and Illirico Selene marble is very encouraging and we expect to see this reflected in our order book as the year progresses."

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)

Avi Robinson / Liam Murray

Tel: +44 (0) 20 7148 7900

Brandon Hill Capital (Broker) 

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Yellow Jersey PR

Dominic Barretto

Aiden Stanley

Tel: +44 (0) 77 6853 7739

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.