Placing of shares
05 Dezembro 2007 - 5:02AM
UK Regulatory
RNS Number:1895J
Hot Tuna (International) plc
05 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 with
authentic surf heritage, announces that it has completed a placing of 5,413,534
new Ordinary Shares in the Group with an institution at 6.65p each, representing
6.54 per cent of the total issued share capital of the Group.
Application has been made to the London Stock Exchange for the shares to be
admitted to trading on AIM. The new Ordinary Shares will rank pari passu with
the existing ordinary shares in the Company and it is expected that admission of
the new Ordinary Shares will become effective on AIM and that dealings will
commence 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 and
Transparency Rules, on Admission, Hot Tuna's total issued share capital at the
date of this notice is 82,793,419.
The Company's issued share capital on Admission consists of 82,793,419 ordinary
shares of 1p each, with one voting right per share. The Company holds no
ordinary shares in Treasury.
Therefore, on Admission, the total number of voting rights in Hot Tuna is
82,793,419.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, Hot Tuna under the FSA's
Disclosure and Transparency Rules.
- Ends -
For further information:
Hot Tuna (International) PLC
Ranjit Murugason, Chairman Tel: +44 (0) 20 7372 9378
ranjit_murugason@hottunaplc.com www.hottunaplc.com
Seymour Pierce Limited
Mark Percy Tel: +44 (0) 20 7107 8000
www.seymourpierce.com
Media enquiries:
Abchurch
Henry Harrison-Topham / Chris Lane Tel: +44 (0) 20 7398 7700
chris.lane@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 Von Dutch, 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 principally 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
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