Appointment of Joint broker

RNS Number : 7708K

Fox Marble Holdings PLC

12 July 2017

 

AIM:  FOX

12 July 2017

Fox Marble Holdings plc

 ("Fox Marble" or the "Company")

Appointment of Beaufort Securities as joint broker to Fox Marble and,

Issue of Equity and Warrants

Appointment of Joint Broker

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce the appointment of Beaufort Securities Limited ("Beaufort Securities") as joint broker to the Company.

Beaufort Securities will focus on improving liquidity and marketing the potential of Fox Marble to its network of UK retail and HNW investors, whilst in tandem providing research on the Company.

Chris Gilbert, CEO, commented: "We are pleased to welcome Beaufort Securities as Joint Broker to the Company. We believe their expertise and relationships with the retail market will compliment the Company's existing advisers and provide a more balanced and wide reaching audience. We believe their appointment is particularly timely given the recent success Fox Marble has enjoyed in bulding up its sales order book and look forward to outlining both this and anticipated future newsflow to a broader audience."

Issue of Equity and Warrants

Fox Marble has today issued 277,777 new ordinary shares of 1p each ("Ordinary Shares") in the Company to Beaufort Securities Limited at a deemed price of 9p per share, being the closing bid price on 11 July 2017, in lieu of annual broking fees.

In addition Beaufort Securities has been granted performance warrants, in each case subject to the mid-price of the ordinary shares trading above the exercise price for a consecutive period of more than 3 months, as follows:

100,000 exercisable at 15p per share

75,000 exercisable at 20p per share

These warrants may be exercised for a period of up to 3 years from their date of issue.

Application has been made for the 277,777 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 19 July 2017.

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 11 July 2017 will consist of 181,344,851 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 181,344,851.

The above figure of 181,344,851 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: [phone]
Cairn Financial Advisers LLP (Nomad) Liam Murray	Tel: [phone]
Brandon Hill Capital (Joint Broker)
Oliver Stansfield	Tel: [phone]
Beaufort Securities Limited (Joint Broker) Elliott Hance	Tel: [phone]
Yellow Jersey PR
Felicity Winkles	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 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.

 

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