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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Concha | LSE:CHA | London | Ordinary Share | GB00B8Y82097 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.175 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5780O Hot Tuna (International) plc 22 December 2006 Hot Tuna (International) Plc ("Hot Tuna" or the "Company") Directors' Shareholdings The Company was notified on 22 December 2006 that Ranjit Murugason, a Director of the Company, has been granted a call option over certain shares held by Frontier International (Holdings) Pty Ltd ("Frontier"). Frontier has granted Mr Murugason a call option over 2,300,000 of the ordinary shares which Frontier owns in the Company which option is exercisable at any time during the five-year period from grant for nominal consideration. As a result, Mr Murugason has agreed to be subject to certain extended lock-in restrictions on the sale of shares in the Company. He may not dispose of any shares which he may obtain (whether by way of exercise of the call option or otherwise) until 7 July 2007 and will be subject to orderly marketing restrictions for a period of a further 12 months thereafter. In addition, 1,150,000 of any shares he may acquire by exercising the call option will be subject to a lock-in restriction on sale until 7 July 2008 (the "additional lock-in restriction") and orderly marketing restrictions for a period of one year thereafter. However, if at any time in the year prior to 7 July 2008 the Company's share price reaches 150p per share the additional lock-in restriction would fall away, although Mr Murugason would remain subject to the orderly marketing restrictions. In addition, the Company has granted on 22 December 2006 to Ranjit Murugason an option to subscribe for up to 1,500,000 ordinary shares in the Company which will be exercisable at an exercise price of 25p per share. The Company proposes to grant to Elle Macpherson an option to subscribe for up to 1,500,000 ordinary shares in the Company on identical terms. The options are granted with immediate effect and are all exercisable during the period running from the first anniversary of grant to the fifth anniversary. In summary, Mr Murugason's interest in the Company is: Security Amount Description Ordinary Shares 1,294,833 ordinary shares of 1p each in the capital of the Company, representing 1.68% of the issued share capital of the Company Call 2,300,000 call option over Company's ordinary shares owned by Options Frontier Options and 1,666,666 warrants to subscribe to new Ordinary Shares Warrants In summary, Ms Macpherson's interest in the Company is: Security Amount Description Ordinary Nil ordinary share of 1p each in the capital of the Shares Company Call Options 2,000,000 call option over Company's ordinary shares owned by Frontier Options 3,500,000 options to subscribe to new Ordinary Shares 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 RDSBBBDDBDDGGLD
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