Board Appointment and Trading Update

21 February 2011

Hot Tuna plc, a leading surf wear and fashion brand, announces the appointment of Francis Ball as a Non-Executive Director with immediate effect.

Francis brings significant retail experience having been Managing Director of Costco Wholesale UK Ltd, Group Business Development Director of Littlewoods and Chairman of the Federation of Wholesale Distributors. He was previously at Marks and Spencer for thirteen years. Francis is currently Chairman of the technology firm, The Hub Company and design and marketing agency, Monitor Marketing. 

Geoff O'Connell, CEO of Hot Tuna commented: "We are delighted to welcome Francis onto the board of Hot Tuna. He brings a wealth of retail and general management experience and will be instrumental in helping us grow and develop the business."

Commenting on current trading, Geoff O'Connell added "The Board continues to consider how best to support the planned development of Hot Tuna and the appointment of Francis will assist with this. As noted in our final results announced in December, we are in discussions with several distributors both in existing as well as new territories for Hot Tuna which should further streamline the business as well as open up new sales opportunities for the Company. We are pleased with the reaction we have had from these distributors on the new collection and anticipate we will see the benefit of these discussions in the second half of the financial year.This  gives the Board confidence that trading for the current financial year will be in line with their expectations."

Disclosure of Directorships under Schedule 2 of the AIM Rules.

Geoffrey Francis Maitland Ball (Francis), aged 62, is or has been a director of the following companies during the previous five years:

Current directorships:

Chesmait Limited
Monitor Marketing Limited
The Hub Company Limited

Directorships held within the previous five years:

Alcalay Limited
Costco Limited
Costco Wholesale UK Limited
Preventry Limited (put into Voluntary Creditors Liquidation)
Submitselect Limited
The Hollies Management Company (Watfored) Limited
Trellicor Limited (put into Voluntary Creditors Liquidation)
Trellimanco Limited

There are no other matters which are required to be announced with regard to this appointment under paragraph (g) of Schedule 2 of the AIM Rules.

 

Enquiries:

Hot Tuna (International) PLC
Geoff O'Connell, CEO
 Tel: 020 7440 0644
Pelham Bell Pottinger
Dan de Belder/ Lucy Frankland
 Tel: 020 7861 3885
Seymour Pierce Limited
Mark Percy
 Tel: 020 7107 8000

 

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