23/09/2005 The London Stock Exchange welcomes Hot Tuna (International) PLC to AIM
The London Stock Exchange welcomes Hot Tuna (International) PLC to AIM
23 September 2005
Hot Tuna are owners of one of the world’s longest established surfing lifestyle brands. The company was established in Australia in 1969 and quickly established itself in the market with retro style surf board shorts. Hot Tuna’s products are currently sold in Australia, New Zealand, United Kingdom, United States, Mexico and Singapore.
Hot Tuna has successfully placed 3,801,000 shares at 50p to raise £1.9m, giving it a market capitalisation of £20m. Headquartered in London, the Company will use the proceeds of the quotation to expand the number of licensees it has on a world wide basis, enhance the positioning and increase the support it provides current licensees to increase market share.
Tony Oxley, Chief Executive Officer stated: “Hot Tuna is such a recognisable brand due to our unique logos of the Piranha and the Bulls Head; it has been great to see the familiarity with the name in the admission process. It is with excitement that we look forward to developing a global brand.”
Nabarro Wells is acting as the Company’s Broker and Nominated Advisor.