Re: Board Restructuring
28 Abril 2006 - 4:02AM
UK Regulatory
RNS Number:1478C
Hot Tuna (International) plc
28 April 2006
Press Release 28 April 2006
Hot Tuna (International) PLC
("Hot Tuna" or "the Company")
Board Restructuring
Hot Tuna (International) PLC (AIM:HTT), a lifestyle apparel brand with authentic
surf heritage, is pleased to announce the following Board changes to lead the
Company in its next stage of development.
* Ranjit Murugason appointed to Executive Chairman
* Anthony Oxley moves to Non-Executive Director
* James Podaridis moves to Non-Executive Director
* Anthony Samaha resigns
Ranjit Murugason is appointed as Executive Chairman with immediate effect.
Anthony Oxley, current Chief Executive Officer, and James Podaridis, current
Executive Director, will be moving into Non-Executive positions. Anthony Samaha,
Non-Executive Director, has resigned as a Director of the Company.
- Ends -
For further information:
Hot Tuna (International) PLC
Ranjit Murugason, Chairman Tel: +44 (0) 20 7016 5100
ranjit@hottuna.com.au
Seymour Pierce Limited
Sarah Wharry / Parimal Kumar Tel: +44 (0) 20 7107 8000
parimalkumar@seymourpierce.com www.seymourpierce.com
Media enquiries:
Abchurch
Henry Harrison-Topham / Chris Lane Tel: +44 (0) 20 7398 7700
henry.ht@abchurch-group.com www.abchurch-group.com
Notes to Editors:
Hot Tuna International PLC (AIM: HTT) owns the rights to the Hot Tuna brand, a
progenitor of global youth fashion, born in Australia with a heritage of
authentic surf culture.
Hot Tuna is one of the world's most iconic names in surf lifestyle and can trace
its roots back to 1969 when it was founded by a surfer and his fashion designer
wife. Though the label had not been actively marketed over for the last decade,
it retained an organic cult status among core action sports enthusiasts.
In June 2005, Hot Tuna International PLC purchased the 'Hot Tuna' brand from a
consortium of investors, listed on AIM in September 2005, and has since started
to aggressively market the brand and reinvigorate the business. The Company now
owns all intellectual property rights to its name and related iconography, and
has put in place key management drawn from the executive ranks of Quiksilver,
O'Neill and Ocean Pacific, among others.
Headquartered in the UK, Hot Tuna operates design, marketing and distribution
hubs in the USA and the UK, with exclusive licensed apparel and accessories
businesses in Australia and New Zealand. In its core markets, Hot Tuna sells
products, which are directly manufactured in facilities in the U.S.A. and in
China. In other non-core channels, the Company employs a license model wherein
Hot Tuna enters into contractual relationships alongside other parties with
complementary product offerings, solid financing and infrastructure, and
superior market knowledge and relations.
Hot Tuna offices are maintained in Sydney, Los Angeles and London.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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