CHA Concha

RNS Number:0709N
Hot Tuna (International) plc
01 December 2006


Press Release                                               1 December 2006



                          Hot Tuna (International) PLC



                         ("Hot Tuna" or "the Company")



                                    Placing



Hot Tuna (International) PLC (AIM:HTT), a lifestyle apparel brand with authentic
surf heritage, announces that it has raised approximately #4.2 million (before
expenses) for the Company via a placing of 28,024,994 new ordinary shares of
nominal value 1 pence each ("Placing Shares") at 15 pence per share together
with warrants ("Warrants") issued in the ratio of one Warrant for every two
Placing Shares ("the Placing").



Each Warrant will entitle the holder to subscribe for one ordinary share of
nominal value 1p each at an exercise price of 25p per share at any time
following admission of the Placing Shares until 31 May 2008.  The Warrants will
not be admitted to trading on the AIM market.



In addition, the Company is seeking admission for 400,000 and 72,464 ordinary
shares issued pursuant to the acquisition of Hot Tuna Holdings Pty Ltd in
Australia (announced 3 July 2006) and Map Print Ltd in UK (announced 2 December
2005), respectively.



Application has been made for the admission of the 28,024,994 Placing Shares
subject to the Placing, and the further 472,464 ordinary shares, to be admitted
to trading on AIM ("Admission").  It is expected that Admission will take place
on 6 December 2006.  At Admission, the Company will have 76,898,458 ordinary
shares in issue.



The net receivable proceeds of the Placing will be used to fund the Company's
continuing expansion.



Commenting on the Placing, Ranjit Murugason, Executive Chairman of Hot Tuna,
said: "We are delighted to have completed the placing with both existing and new
institutional shareholders.  The funds raised will enable the Company to
aggressively pursue the growth strategy and we look forward to sharing our
future success with our existing and new shareholders."



                                    - Ends -



For further information:
Hot Tuna (International) PLC
Ranjit Murugason, Executive Chairman                   Tel: +44 (0) 20 7372 9378
ranjit_murugason@hottunaplc.com


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
Frontier International (Holdings) Pty Ltd, 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, Australia and the UK. In its core markets, Hot Tuna sells
products, which are directly manufactured in facilities in North America, Europe
and in China.



Hot Tuna offices are maintained in Sydney, Los Angeles and London.



For more information, visit www.hottunaplc.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

IOEFFLFBQLBLFBZ

Concha (LSE:CHA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Concha (LSE:CHA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024