Application for Cancellation of Listing
May 14 2010 - 12:29PM
UK Regulatory
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
+44 (0) 20 7 269 7259
fergus.wheeler@fd.com
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 +44 (0)20 7638 0129.
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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