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Welcome to CONCHA PLC (formerly Hot Tuna (International) PLC.

The stated aims of CONCHA PLC are to evaluate and invest in a broad range of
technology, media, well being and related industries.


Company History

Hot Tuna was born in Australia in the summer of 1969 to serve the demands of sojourning surfers, the product of a dedicated surfer�s passion fueled by the skill of his fashion designer wife. Spreading on the bodies and boards of watermen through coastal locales in the South Pacific, the brand quickly burgeoned globally, becoming an influential leader in the nascent surf industry and one of the progenitors of the neon era of surf in the '80s. Through the brand�s storied history, a long list of notables, in and out of the water, have waved the Hot Tuna banner at one time or another in their careers, including pro surfers such as Richie Lovett, Robbie Page, Beau Emerton and Drew Courtney.

In September 2005, Hot Tuna (International) PLC purchased the Hot Tuna brand from a consortium of investors and listed it on AIM, a division of the London Stock Exchange.

In the interest of managing its brand profile and distribution globally, the public Company began a rapid acquisition of its licensed interests around the world. Talented designers and key management with apparel business expertise from Quiksilver, O�Neill, Ocean Pacific, Rip Curl and Perry Ellis International, among others, were recruited to drive the process in the key markets of the United States, Australia and the United Kingdom. In July 2006, entrepreneur and fashion icon Elle Macpherson, who grew-up with the brand in Australia, was appointed as an executive director of Hot Tuna (International) PLC, her interests focused on design and distribution issues, as well as overall youth fashion and market insight. The Company's name change to Concha Plc (AIM Ticker: CHA) will become effective and the Company will begin trading under its new name from 8:00 a.m. on 7 February 2012.

http://www.conchaplc.com/

Hot Tuna (International) PLC ("the Company")



Result of GM, change of name to Concha plc

and

Holdings in Company



Hot Tuna (International) Plc (AIM: HTT), a leading surf wear and fashion brand, announces that at the Company's General Meeting held today, all of the resolutions proposed to shareholders were duly passed.

Following the passing of the resolutions, the disposal of the domain names, trade marks and certain of the Company's stock (collectively "the Assets") to Project J Newco No.10 Limited, a wholly owned subsidiary of Brands Holdings Limited, for cash consideration of GBP950,000 ("the Disposal") is due to be completed on 7 February 2012. In light of shareholder approval of the sale of the Assets, the Board are winding down operations in the USA, Australia and the United Kingdom.

In addition, following shareholder approval, the Company's name change to Concha Plc (AIM Ticker: CHA) will become effective and the Company will begin trading under its new name from 8:00 a.m. on 7 February 2012.

The Company has also been informed that Credit Agricole Cheuvreux International Ltd no longer has a notifiable interest in the Company and that AXA Investment Managers SA has an interest in 132,333,333 ordinary shares representing approximately 4.26% of the issued share capital of the Company.

Well... probably against my better judgement I bought some more this more this morning...small outlay just in case positive things happen..you never know!

as they say ... its not over untill it's gone ! ;- )

You said it skyhigh, against your better judgement!! cannot see where these can go but will leave my holding in there as I had already written it off as a dud.

See what do I know, they have had a modicium of interest and have just ticked up a tad.So keep the faith,live in hope, and if all else fails fall back on charity!!!! Lol

errrr! ummmm! spoke to soon!!!!!!!!!

New Concha home page now on header

http://www.conchaplc.com/

the end is nigh!?...what share hoding I have is worth so little now and not worth selling so will continue to hold until the bitter end...just in case a miracle happens! keep smiling as they say!

RNS Number : 2032D

Concha plc

11 May 2012








11 May 2012



Concha Plc

("Concha" or the "Company")



Trading Update



The board of directors of Concha (the "Board") is pleased to provide an update regarding recent activity. Since the successful sale of the "Hot Tuna" brand and certain assets in January 2012, the Board has undertaken a closure of the legal and operational structure of its former business in such territories as Australia and the USA (the "Hot Tuna Business"). This process has now been completed and no further activity is anticipated in respect of the Hot Tuna Business. Other than the loan agreement referred to below, Concha is now a clean cash shell ideally positioned to pursue a strategic acquisition opportunity in line with its stated investment strategy.



Loan Agreement



As the Company announced on 13 March 2012, the Company entered into a loan facility agreement with Churchill Media Limited ("Churchill"), under which the Company would provide up to £750,000 of capital to Churchill (the "Loan Agreement"). Under the terms of the Loan Agreement, Concha was required to approve on any significant items of expenditure incurred by Churchill in excess of £25,000.



As at the date of this announcement Churchill has drawn down £645, 000 on the terms of the loan agreement which incorporated an interest rate of 6% above LIBOR.



We are informed by Churchill that the funds drawn down have been utilised to invest in media, technology and telecommunication businesses. One of the companies in which Churchill has made an investment in is one where M Barney Battles is a minority shareholder and nominee board director and consequently Marcus Yeoman, acting as the independent director of Concha, reviewed the draw down request from Churchill.



The loan remains repayable on demand and no later than 9 January 2013.



Working Capital



As at the date of this announcement, the Company retains over £300,000 of cleared funds before settlement of a historic outstanding VAT matter in addition to other potential contingent liabilities totalling, in aggregate, up to approximately £175,000. The Board is confident that these will be settled shortly.



Future Activity



The Board continues to explore a number of possible acquisition opportunities and looks forward to providing shareholders with a further update in due course.

I sat next to Marcus Yeomans at a dinner a month or so back, seems a really nice guy and a bit of tunaraound speacialist. He had high hopes for this as a cash shell. Lets see what, when and if they deliver.

Up 27% today, why?

Oooops wiped out in a trice !!! Lol

Been buying little bits and pieces over last month or so. Bought another £2.5k worth just now. My guess is that something must happen soon, just who , what and when.

M

So £1 by Xmas? :)

I think I have a squillion of these somewhere - @£2.55p.

Martini: You old ramper :-0)

PS Was thas your 2.6 million earlier ??

Skinny Is that total cost £2.55?

What me punt on a share with a 12% spread and being ramped by you? --- God Forbid :)

Mike - I can't remember if that is total cost or current value :-)

;)

Hi! Ho! Its been a while coming, I can see this ex fishy swimming off with our money.