Equity Placing
April 27 2009 - 5:21AM
UK Regulatory
TIDMHTT
RNS Number : 1987R
Hot Tuna (International) plc
27 April 2009
Regulatory News
Placing
Hot Tuna (International) plc
27 April 2009
Hot Tuna (International) PLC
("Hot Tuna" or "the Company")
Equity Placing
The Board of Hot Tuna (International) PLC, a leading surf wear and fashion
brand, are pleased to announce that it has placed 99,999,671 new ordinary shares
at a price of 0.3 p per share ('Placing Shares') raising GBP299,999 (the
'Placing'). The shares were placed with new and existing shareholders.
Application will be made for the 99,999,671 new ordinary shares to be admitted
to trading on AIM and dealings are expected to commence on 1 May 2009. The total
number of ordinary shares in issue and therefore the total number of voting
rights is 281,323,090.
The majority of the funds will be used to fund
production of existing orders, as bank production financing has been almost
non-existent. The balance of the funds will be used to pay down creditors and
for general working capital purposes.
+--------------------+--------------------+--------------------+--------------------+
| Enquiries: | |
+--------------------+-----------------------------------------+
| Hot Tuna (International) PLC | Tel: 020 7016 5100 |
| Geoff O'Connell | |
+-----------------------------------------+-----------------------------------------+
| Pelham PR | Tel: 020 7743 6678 |
| Kate Catchpole | |
| | |
+-----------------------------------------+-----------------------------------------+
| Seymour Pierce Limited | Tel: 020 7107 8000 |
| Mark Percy/Christopher Wren | |
+--------------------+--------------------+--------------------+--------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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