21st Feb 2006 10:53
Hot Tuna (International) plc21 February 2006 21 February 2006 Hot Tuna (International) Plc ("Hot Tuna" or "the Company") Placing of Shares Hot Tuna (International) Plc (AIM: HTT), the surf lifestyle brand, announces ithas completed the placing of 5,000,000 new Ordinary Shares at a price of 50p pershare to raise £2,500,000 (gross) of new capital for the Company. For each twonew ordinary shares issued the subscribers will receive one warrant exercisableat 60p over the next 24 months. The new ordinary shares have been placed withthree UK institutions and one EU institutional investor. Application will be made for the new ordinary shares to be admitted to tradingon AIM. The Placing will provide the Company with the funds to accelerate thedevelopment of its business. For further information please contact: Hot Tuna International Plc Ranjit Murugason, Chairman +44 20 7016 5100 [email protected] Parkgreen Communications Justine Howarth / Victoria Thomas +44 20 7493 3713 [email protected] Nabarro Wells Hugh Oram +44 20 7710 7400 WH Ireland Paul Dudley +44 20 7220 0471 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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