5th Dec 2007 07:01
Hot Tuna (International) plc05 December 2007 Press Release 05 December 2007 Hot Tuna (International) PLC ("Hot Tuna" or "the Group") Placing of shares Hot Tuna (International) PLC (AIM: HTT), a lifestyle apparel brand withauthentic surf heritage, announces that it has completed a placing of 5,413,534new Ordinary Shares in the Group with an institution at 6.65p each, representing6.54 per cent of the total issued share capital of the Group. Application has been made to the London Stock Exchange for the shares to beadmitted to trading on AIM. The new Ordinary Shares will rank pari passu withthe existing ordinary shares in the Company and it is expected that admission ofthe new Ordinary Shares will become effective on AIM and that dealings willcommence on AIM at 08.00 a.m. on 10 December 2007 ("Admission"). Total Voting Rights For the purposes of the Financial Services Authority's Disclosure andTransparency Rules, on Admission, Hot Tuna's total issued share capital at thedate of this notice is 82,793,419. The Company's issued share capital on Admission consists of 82,793,419 ordinaryshares of 1p each, with one voting right per share. The Company holds noordinary shares in Treasury. Therefore, on Admission, the total number of voting rights in Hot Tuna is82,793,419. The above figure may be used by shareholders as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, Hot Tuna under the FSA'sDisclosure and Transparency Rules. - Ends - For further information:Hot Tuna (International) PLCRanjit Murugason, Chairman Tel: +44 (0) 20 7372 [email protected] www.hottunaplc.com Seymour Pierce LimitedMark Percy Tel: +44 (0) 20 7107 8000 www.seymourpierce.com Media enquiries:AbchurchHenry Harrison-Topham / Chris Lane Tel: +44 (0) 20 7398 [email protected] www.abchurch-group.com Notes to Editors Hot Tuna International PLC (AIM: HTT) owns the rights to the Hot Tuna brand, aprogenitor of global youth fashion, born in Australia with a heritage ofauthentic surf culture. Hot Tuna is one of the world's most iconic names in surf lifestyle and can traceits roots back to 1969 when it was founded by a surfer and his fashion designerwife. Though the label had not been actively marketed over for the lastdecade, it retained an organic cult status among core action sports enthusiasts. In June 2005, Hot Tuna International PLC purchased the 'Hot Tuna' brand fromFrontier International (Holdings) Pty Ltd, listed on AIM in September 2005, andhas since started to aggressively market the brand and reinvigorate thebusiness. The Company now owns all intellectual property rights to its name andrelated iconography, and has put in place key management drawn from theexecutive ranks of Von Dutch, Quiksilver, O'Neill and Ocean Pacific, amongothers. Headquartered in the UK, Hot Tuna operates design, marketing and distributionhubs in the USA, Australia and the UK. In its core markets, Hot Tuna sellsproducts, which are directly manufactured in facilities principally in China. Hot Tuna offices are maintained in Sydney, Los Angeles and London. For moreinformation, visit www.hottunaplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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