Application for Cancellation of Listing

 

TIDMRAY 
 
RNS Number : 9957L 
Raymarine PLC 
14 May 2010 
 

                            REGULATORY ANNOUNCEMENT 
                Raymarine plc (in administration) (the "Company") 
                    Application for Cancellation of Listing 
Chad Griffin and Simon Granger of FTI Consulting Limited were today appointed as 
joint administrators (the "Joint Administrators") of the Company. 
As a result of the Company being placed into administration, the Joint 
Administrators have requested the cancellation of the listing of the Company's 
ordinary shares of GBP0.01 on the Official List. 
The Joint Administrators are reviewing their options and a further announcement 
will be made in due course. 
14 May 2010 
ENQUIRIES 
For further information contact: 
Fergus Wheeler 
[phone] 
[e-mail] 
 
Dealing Disclosure Requirements 
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any 
class of relevant securities of an offeree company or of any paper offeror 
(being any offeror other than an offeror in respect of which it has been 
announced that its offer is, or is likely to be, solely in cash) must make an 
Opening Position Disclosure following the commencement of the offer period and, 
if later, following the announcement in which any paper offeror is first 
identified. An Opening Position Disclosure must contain details of the person's 
interests and short positions in, and rights to subscribe for, any relevant 
securities of each of (i) the offeree company and (ii) any paper offeror(s). An 
Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made 
by no later than 3.30 pm (London time) on the 10th business day following the 
commencement of the offer period and, if appropriate, by no later than 3.30 pm 
(London time) on the 10th business day following the announcement in which any 
paper offeror is first identified. Relevant persons who deal in the relevant 
securities of the offeree company or of a paper offeror prior to the deadline 
for making an Opening Position Disclosure must instead make a Dealing 
Disclosure. 
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% 
or more of any class of relevant securities of the offeree company or of any 
paper offeror must make a Dealing Disclosure if the person deals in any relevant 
securities of the offeree company or of any paper offeror. A Dealing Disclosure 
must contain details of the dealing concerned and of the person's interests and 
short positions in, and rights to subscribe for, any relevant securities of each 
of (i) the offeree company and (ii) any paper offeror, save to the extent that 
these details have previously been disclosed under Rule 8. A Dealing Disclosure 
by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm 
(London time) on the business day following the date of the relevant dealing. 
If two or more persons act together pursuant to an agreement or understanding, 
whether formal or informal, to acquire or control an interest in relevant 
securities of an offeree company or a paper offeror, they will be deemed to be a 
single person for the purpose of Rule 8.3. 
Opening Position Disclosures must also be made by the offeree company and by any 
offeror and Dealing Disclosures must also be made by the offeree company, by any 
offeror and by any persons acting in concert with any of them (see Rules 8.1, 
8.2 and 8.4). 
Details of the offeree and offeror companies in respect of whose relevant 
securities Opening Position Disclosures and Dealing Disclosures must be made can 
be found in the Disclosure Table on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk, including details of the number of relevant 
securities in issue, when the offer period commenced and when any offeror was 
first identified. If you are in any doubt as to whether you are required to make 
an Opening Position Disclosure or a Dealing Disclosure, you should contact the 
Panel's Market Surveillance Unit on [phone]. 
Rule 19.11 disclosure 
In accordance with Rule 19.11 of the Code, a copy of this announcement will be 
published on the Raymarine website: www.Raymarine.com. 
 
 
The affairs, business and property of the Company are being managed by the Joint 
Administrators. 
The Joint Administrators act as agents of the Company and without personal 
liability. 
The Association of Chartered Certified Accountants authorises S Granger and the 
Institute of Chartered Accountants in England and Wales authorises C Griffin to 
act as Insolvency Practitioners under section 390(2)(a) of the Insolvency Act. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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