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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Raymarine | LSE:RAY | London | Ordinary Share | GB00B040K612 | ORD 1P |
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| 0.00 | 0.00% | 18.00 | 0.00 | 01:00:00 |
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| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 18.00 | GBX |
Raymarine (RAY) Share Charts1 Year Raymarine Chart |
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| Date | Time | Title | Posts |
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| 08/1/2011 | 13:04 | RAYMARINE - world leader in marine electronics | 3,812 |
| 16/8/2009 | 18:31 | *** Raymarine *** | 41 |
| 01/7/2008 | 11:53 | Raytec Metals: BHP's next Anglo Potash? | 12 |
| 16/6/2005 | 09:49 | Food for thought | 83 |
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Posted at 09/11/2010 22:53 by officerdigby Sapper it's because they've left the crest system now.Your account should show a corporate action explaining things. Further to the Appointment of Administrators on 14th May 2010, we have received notification that the Raymarine PLC shares are no longer eligible to be held within the UK Settlement System. We have therefore removed the Raymarine shares from your account. The Joint Administrators of Raymarine expect to make a cash distribution payment to shareholders of approximately 19.5 pence per share. The distribution is anticipated to be made in mid-November of this year, however, we will notify you in due course once the cash has been received. A certificated holding may be retained by the registrar. If this is the case, we will reflect this on your account although it may not be visible. Should you hold your shares in a ShareBuilder Account please be aware that upon receiving a certificated holding we will take the necessary steps to transfer the shares to your ShareDealing Account, in accordance with our Terms & Conditions (see section 5.5). No fractions of shares will be transferred. Should we receive any further information from the Company we will update you in due course. Should you however, wish to find more information about the Appointment of Administrators, please visit the Company website at www.raymarine.uk. |
Posted at 14/5/2010 19:27 by knowing Raymarine PLC (RAY.LN) sold itself to Flir Systems Inc. (FLIR) in a deal worth about $180 million, after Garmin Ltd. (GRMN) earlier Friday publicly revealed its own, lower bid for buy Raymarine if it entered administration. A release Friday from Raymarine, which makes marine radar and other navigation devices for leisure boats, said its board couldn't complete a solvent sale and placed the company in administration. The Flir deal was reached shortly thereafter and followed a "thorough" mergers-and-acquisit Raymarine also said it decided the Flir deal was the best possible outcome for workers, shareholders and creditors. It estimated the deal would equate to a 20 pence per-share return for stockholders but couldn't be certain until it fully calculates creditor claims. The stock closed Friday in London at 18 pence. In a separate release, Flir said its purchase of Raymarine Holdings Ltd., which represents the entire business operations of Raymarine and its subsidiaries, included repayment of all Raymarine's debt and about $24 million, which is equivalent to 20 pence a share. Earlier Friday, Garmin announced it was willing to buy Raymarine if it entered administration, saying its offer would lead to Raymarine shareholders getting at least 17.5 pence a share. Shares in Flir were down 3.8% at $29.10 in recent trading amid a broad market decline, and Garmin's were up 1.8% at $33.50. |
Posted at 14/5/2010 18:32 by kab6 the bidder is FLIR..look at for statement PORTLAND, OR, May 14, 2010 (MARKETWIRE via COMTEX News Network) -- FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has entered into a definitive agreement with the Administrator of Raymarine plc to acquire all of the outstanding shares of its wholly owned subsidiary, Raymarine Holdings Limited. The transaction value of approximately $180 million includes repayment of all of Raymarine's indebtedness and approximately $24 million in proceeds to Raymarine plc which is equivalent to 20 pence per ordinary share. The acquisition represents the entire business operations of Raymarine and its subsidiaries. Raymarine, a world leader in the marine electronics industry, provides the most comprehensive range of electronic equipment for the recreational boating and light commercial marine markets. For the twelve months ended December 31, 2009, Raymarine reported revenue of approximately $170 million. The acquisition furthers FLIR's strategy in the marine market by dramatically increasing its maritime distribution network with the addition of Raymarine's 1,000 dealer outlets and 400+ marine OEMs, nearly all of which are additive to FLIR's existing distribution. FLIR plans to expand Raymarine's product line breadth by integrating thermal imaging cameras with Raymarine's display, radar and autopilot product lines to create the broadest, most effective, and easiest to use suite of products in the marine electronics industry. "We are pleased to announce this strategically compelling transaction," commented Earl Lewis, President and CEO of FLIR. "Raymarine is a leading brand in the industry and has an outstanding reputation for high quality marine electronics equipment. When fully integrated, we expect to have a significant marine electronics business as part of our Commercial Systems business. I welcome Raymarine's employees to FLIR." FLIR anticipates this transaction will be neutral to 2010 earnings, excluding one-time charges, and accretive in subsequent years. About FLIR Systems FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of thermal imaging and stabilized camera systems for a wide variety of thermography and imaging applications including condition monitoring, research and development, manufacturing process control, airborne observation and broadcast, search and rescue, drug interdiction, surveillance and reconnaissance, navigation safety, border and maritime patrol, environmental monitoring and ground-based security. Visit the Company's web site at www.FLIR.com. About Raymarine Raymarine is a world leader in the supply of electronic products for the recreational and light commercial marine markets. It manufactures a comprehensive range of marine navigation, communication and safety products including multifunction displays, radars, autopilots, cameras, fishfinders, GPS enabled chartplotters, automatic identification systems and instruments. The Raymarine Group is headquartered in Portsmouth, United Kingdom and maintains offices in the United States, Australia, Singapore, France, Germany and Italy. Forward-Looking Statements The statements in this press release by Earl Lewis and the statements regarding the expansion of FLIR's distribution network, expansion of Raymarine's product line breadth, anticipated cost savings through integrated operations, sales, marketing, and general and administrative functions, the estimate of one-time charges, and the expectation that the transaction will be neutral to 2010 earnings and accretive in subsequent years, are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's and Raymarine's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: the possibility that the transaction will not close or that the closing may be delayed, the possibility that the Company will experience difficulties in the integration of the operations, employees, strategies, technologies and products of Raymarine if the transaction does close, the potential inability to realize expected benefits and synergies, changes in demand for the Company's products, product mix; the timing of customer orders and deliveries, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, the ability of the Company to manufacture and ship products in the time period required, actual purchases under agreements, and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Company Contact: Tony Trunzo +1 503.498.3547 www.flir.com |
Posted at 14/5/2010 09:45 by m.t.glass Statement issued 6 minutes ago:On 29 April 2010, Raymarine announced that it was in advanced discussions with a third party regarding a sale of Raymarine Holdings Limited, representing the entire business operations of Raymarine and its subsidiary undertakings. In that announcement Raymarine stated that, were that transaction to be completed, it envisaged that approximately 17.5 pence per share would be available for return to Raymarine shareholders. That third party has now informed Raymarine that it is no longer willing to proceed with that transaction. It has, however, informed Raymarine's banking syndicate that if Raymarine were to enter into administration it would be willing to enter into a transaction with the administrator to acquire Raymarine Holdings Limited for a consideration that is likely to equate to approximately 17.5 pence per Raymarine share (before the costs associated with an administration) in addition to providing for the repayment of the Raymarine group's banking facilities. The party has indicated that any acquisition of Raymarine Holdings Limited would need to be completed today, 14 May 2010. As previously announced, Raymarine is not compliant with the covenants that are a requirement of its borrowing facilities being available and since the first half of 2009 has been operating under a series of short term covenant waivers. The most recent covenant waiver expired at 11.59pm on 13 May 2010, and very shortly before that covenant waiver expired Raymarine's banking syndicate informed the Company that they are not willing to grant a further waiver at this time. The Board is in urgent discussions with its banks to seek to resolve the situation. A further announcement will be made in due course. |
Posted at 30/4/2010 10:46 by restassured yadda yadda "The likes of you." Poor education. Poor Mallorca has been destroyed by crowds like you! Read and learn... RAYMARINE PLC ("RAYMARINE") | +------------------- | | +------------------- | On 11 March 2010, the board of Raymarine (the "Board") | | announced that it had received an approach which may or may not | | lead to an offer being made for the entire issued share capital | | of Raymarine at approximately 3.6 pence per share. | | | | The Board notes the recent movement in the Raymarine share | | price and confirms that it has received two further approaches | | from third parties which may or may not lead to an offer being | | made for the entire issued share capital of Raymarine at 4.0 | | pence per share and 7.2 pence per share. | | | | The highest of these approaches was received from a direct | | competitor of Raymarine and is subject to a number of | | pre-conditions including, inter alia, the completion of | | satisfactory due diligence and securing appropriate anti-trust | | approvals. While the Board continues to investigate this | | proposal, it is the Board's opinion, having received extensive | | anti-trust advice from its legal counsel, that any offer from | | the above mentioned direct competitor is highly likely to be | | subject to an in-depth review by the competition authorities | | and that anti-trust approval is unlikely to be secured. | | | | Further, the Board believes that a protracted anti-trust | | approval process for a transaction with the above mentioned | | direct competitor would be highly damaging to Raymarine's | | business, especially given the Company's financial position and | | its reliance on its banking syndicate for continuing covenant | | waivers. | | | | The Board therefore considers that the other two proposals have | | significantly greater likelihood of delivering value for | | shareholders and is continuing to investigate these proposals. | | However, there can be no certainty that an offer will be made | | nor as to the terms on which any offer might be made. | | | | This announcement has not been made with the approval of any of | | the potential offerors. A further announcement will be made in | | due course. |
Posted at 29/4/2010 12:27 by sea and sky Officer Digby: you are quoting from a news item that is from 21 April. Since then we have had more updates. Please keep up lad..." The board of Raymarine (the "Board") notes the announcement released earlier today by Garmin Ltd. ("Garmin") of a pre-conditional offer for the entire share capital of Raymarine of 15 pence per share." (28th April) and from today 29th April: "Further to the announcement on 28 April 2010, the Board of | | Raymarine (the "Board"), can confirm that it remains in | | advanced discussions with a third party regarding a sale of | | Raymarine Holdings Limited, representing the entire business | | operations of Raymarine and its subsidiary undertakings. | | | | It is currently envisaged that, were this transaction to be | | completed, approximately 17.5 pence per share would be | | available for return to Raymarine shareholders. This party's | | proposal would, under the Listing Rules, be deemed to be a | | Class 1 disposal and require approval by Raymarine's | | shareholders. Given that Raymarine is currently in an offer | | period for the purposes of the City Code on Takeovers and | | Mergers (the "Code"), the Disposal also requires approval by | | Raymarine shareholders under Rule 21 of the Code. | | | | In the light of this, the Board urges shareholders to take no | | action at this time |
Posted at 29/4/2010 12:17 by officerdigby Actually it's not clear if the 17.5p (that was 4.0p until yesterday) would got to shareholders pockets or be held in the shell. Anyone contacted management about that?The Board now announces that the party who had made the approach at 4.0 pence per share has now withdrawn this proposal. This party has, however, made an equivalent proposal to acquire the business and assets of Raymarine. It is envisaged that, were this transaction to be completed, it would be structured by means of a sale of Raymarine Holdings Limited, a wholly owned subsidiary of Raymarine, and that the whole of Raymarine's bank debt would be repaid in full on closing. Further, it is currently envisaged that, were this transaction to be completed, approximately 4.0 pence per share would be available for return to Raymarine shareholders. This party's proposal would, under the Listing Rules, be deemed to be a Class 1 disposal and require approval by Raymarine's shareholders at a general meeting. In light of Raymarine's current share price, the Board confirms to shareholders that, other than the proposals set out above, it has not received any new or revised proposals to acquire either the business and assets or issued share capital of Raymarine. The Board would also draw to the attention of shareholders the views of the Board on the proposal at 7.2 pence per share, as set out in its announcement dated 8 April 2010. A further announcement will be made in due course. Enquiries |
Posted at 28/4/2010 16:29 by cyberpost 15p/share cash offer :Offer for Raymarine by Garmin TIDMRAY RNS Number : 9817K Garmin Ltd 28 April 2010 ? For Immediate Release 28 April 2010 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION OFFER FOR RAYMARINE BY GARMIN Garmin Ltd. announces a cash offer of 15 pence per share to acquire the entire share capital of Raymarine plc, subject to the satisfaction or waiver, if applicable, of certain pre-conditions. The Offer represents: - a 436 per cent. premium to the average share price of 2.8 pence per Raymarine Share in the three-month period ending on the day prior to the announcement of a possible offer for Raymarine on 11 March 2010; - a 366 per cent. premium to the share price of 3.22 pence per Raymarine Share on the day prior to the announcement of a possible offer for Raymarine on 11 March 2010; - a 275 per cent. premium to the possible amount of approximately 4 pence per Raymarine Share that would be available for return to Raymarine Shareholders under the non-offer proposal referred to in Raymarine's announcement dated 21 April 2010; - a 152 per cent. premium to the share price of 5.95 pence per Raymarine Share as at the close of business on 27 April 2010, the closing price on the day prior to the date of this announcement; and - total consideration to Raymarine Shareholders of approximately GBP12.5 million, implying an enterprise value of GBP104.1 million (based upon the Raymarine Group's last published net debt figure of GBP91.6 million as at 30 October 2009). Commenting on the Acquisition, Dr Min H. Kao, the Chairman and CEO of Garmin, said: "Garmin has long admired Raymarine and I am therefore pleased to be announcing what we believe is a compelling offer to acquire the company. Raymarine's portfolio of products is highly complementary to our own. The combination will bring positive benefits to the marine electronics market place and we look forward to working with the Raymarine board in the implementation of the Offer and thereafter with Raymarine's management and employees to make the combination a success." The receipt of certain merger control approvals is a pre-condition to the making of the Offer and the Offer, if made, will be conditional on receipt of certain merger control approvals. Notifications are being made to relevant regulatory authorities and Garmin expects to obtain the necessary merger control approvals in relation to the Offer. This summary should be read in conjunction with the full text of the attached Announcement, including the Appendices. |
Posted at 21/4/2010 15:25 by buywell2 On 11 March 2010, the board of Raymarine (the "Board") announced that it had received an approach which may or may not lead to an offer being made for the entire issued share capital of Raymarine at approximately 3.6 pence per share.The Board notes the recent movement in the Raymarine share price and confirms that it has received two further approaches from third parties which may or may not lead to an offer being made for the entire issued share capital of Raymarine at 4.0 pence per share and 7.2 pence per share. The highest of these approaches was received from a direct competitor of Raymarine and is subject to a number of pre-conditions including, inter alia, the completion of satisfactory due diligence and securing appropriate anti-trust approvals. While the Board continues to investigate this proposal, it is the Board's opinion, having received extensive anti-trust advice from its legal counsel, that any offer from the above mentioned direct competitor is highly likely to be subject to an in-depth review by the competition authorities and that anti-trust approval is unlikely to be secured. ---- That means the 7.2 wont happen |
Posted at 08/4/2010 16:27 by pelleeds1980 On 11 March 2010, the board of Raymarine (the "Board") announced that it had received an approach which may or may not lead to an offer being made for the entire issued share capital of Raymarine at approximately 3.6 pence per share.The Board notes the recent movement in the Raymarine share price and confirms that it has received two further approaches from third parties which may or may not lead to an offer being made for the entire issued share capital of Raymarine at 4.0 pence per share and 7.2 pence per share. The highest of these approaches was received from a direct competitor of Raymarine and is subject to a number of pre-conditions including, inter alia, the completion of satisfactory due diligence and securing appropriate anti-trust approvals. While the Board continues to investigate this proposal, it is the Board's opinion, having received extensive anti-trust advice from its legal counsel, that any offer from the above mentioned direct competitor is highly likely to be subject to an in-depth review by the competition authorities and that anti-trust approval is unlikely to be secured. ---- That means the 7.2 wont happen |
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