CHA Concha

 

TIDMHTT 
 
RNS Number : 3604X 
Hot Tuna (International) plc 
13 August 2009 
 

Hot Tuna (International) PLC ("Hot Tuna" or "the Company") 
 
 
Equity Placing 
Total Voting Rights 
 
 
The Board of Hot Tuna (International) PLC, a leading surf wear and fashion 
brand, are pleased to announce that it has today raised GBP1.11 million (gross) 
through the placing of 370,000,000 new ordinary shares of 0.1p ("Placing 
Shares") at a price of 0.3p per share ("the Placing") with new and existing 
shareholders.  The majority of the funds will be used to increase the product 
offering in all existing markets and for future expansion into new markets as 
well as for general working capital purposes. 
 
 
Geoff O'Connell, an Executive Director, will become Chief Executive with 
immediate effect. Geoff has been with Hot Tuna since 2005 and has a wealth of 
experience in the retail sector in both the UK and Australia. 
 
 
As part of the Placing, Geoff O'Connell, Chief Executive and Kiran Morzaria, 
Non-Executive Director, subscribed for 8,333,333 Placing Shares and 4,000,000 
Placing Shares respectively. Mr O'Connell therefore now has an interest in 
8,335,984 ordinary shares representing approximately 1.28 per cent. of the 
enlarged issued share capital of the Company and Mr Morzaria has an interest in 
4,000,000 ordinary shares representing approximately 0.6 per cent. of the 
enlarged issued share capital of the Company. 
 
 
Application has been made for the 370,000,000 Placing Shares to be admitted to 
trading on AIM and dealings are expected to commence on Tuesday 18 August 
2009.Following the Placing, the total number of ordinary shares in issue and 
therefore the total number of voting rights is 653,303,090. 
 
 
Geoff O'Connell, Chief Executive commented: "Now that the restructuring is 
complete and the financing in place we are very excited by the growth potential 
of the brand in all markets and I look forward to taking the company forward at 
this positive time." 
 
 
 
 
+--------------------+--------------------+--------------------+--------------------+ 
| Enquiries:         |                                         | 
+--------------------+-----------------------------------------+ 
| Hot Tuna (International) PLC            | Tel: 020 7016 7862                      | 
| Geoff O'Connell                         |                                         | 
+-----------------------------------------+-----------------------------------------+ 
| Pelham PR                               | Tel: 020 7337 1512                      | 
| 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 
 
 ROIILFFDTEIFLIA 
 

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