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    RNS Number : 1192V
  Hot Tuna (International) plc
  22 May 2008
   

    Hot Tuna (International) plc
    ("Hot Tuna" or the "Company")
    Re- Strike of Options and Issue of New Options

    Over the past few months the Company has been actively reviewing the remuneration of several key staff members and directors in the
United Kingdom, United States and Australia. To incentivise these staff going forward the Company announces that it has today re-struck the
exercise price of a total of 3.95 million options at 2p per share, in addition 16 million new options to staff and directors have been
granted to subscribe for new ordinary shares in the Company at an exercise price of 2p per share, with a term of 5 years from the date of
this announcement. 
    Of the re-struck options, Niels Anders Juuls, Chief Executive, had all of his 2 million options re-struck at 2p per share, and in
addition as part of the new grant of options Niels has been granted a further 5 million options to subscribe for new ordinary shares at an
exercise price of 2p per share, with a term of 5 years from the date of this announcement. 
    As part of the new grant of options, David Lenigas, Chairman, has been granted 5 million options and Kiran Morzaria, Non-Executive
Director, has been granted 1 million options. Both option grants have been granted to subscribe for new ordinary shares in the Company at an
exercise price of 2p per share, with a term of 5 years from the date of this announcement. 

    ENDS

 For further information, please contact:

 Hot Tuna (International) PLC
 David Lenigas, Chairman                   Tel: +44 (0) 7881 825378
 Niels Juul, CEO                           Tel: +1 310 8014666
                                           niels_juul@hottunaplc.com

 Seymour Pierce Limited
 Mark Percy                                Tel: +44 (0) 20 7107 8000
                                           www.seymourpierce.com


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