Regulatory News Announcements

The Joint Administrators will provide updates to the shareholder Q&A to deal with further queries that shareholders may have.  Shareholders may email questions to the address below, or alternatively record questions on the voicemail telephone line below:

Voicemail telephone line: +44 (0)20 7979 7425

Email: Raymarine.Administration@fticonsulting.com

The entire business and assets of Raymarine were sold on 14 May 2010 to a subsidiary of FLIR Systems, Inc.

The sale was completed by Chad Griffin and Simon Granger of FTI Consulting Limited who were appointed Joint Administrators of the Company on the same date.

Raymarine Plc in administration Q&As for shareholders  - 14 May 2010 (PDF 284.65KB)

Raymarine plc (the "Company"), a global leader in the supply of electronic products to the leisure marine market, has today reached agreement to sell its shares in Raymarine Holdings Limited to a subsidiary of FLIR Systems, Inc. ("FLIR") a world leader in thermal imaging products. The sale represents the entire business operations of Raymarine and its subsidiaries.

Raymarine Plc sold to FLIR Systems  - 14 May 2010 (PDF 36.85KB)

Chad Griffin and Simon Granger of FTI Consulting Limited were today appointed as joint administrators (the "Joint Administrators") of the Company.

Appointment of Administrator - 14 May 2010 (PDF 19.1KB)

As announced earlier today, Raymarine’s banking syndicate informed the Company late last night that they were not willing to grant a further waiver of its current non-compliance with its covenants. 

Suspension - 14 May 2010 (PDF 90.14KB)

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.   

Withdrawal Announcement - 14 May 2010 (PDF 97.33KB)

Raymarine plc, a global leader in the supply of marine electronic products to the leisure boating market, announces its full year results for the year ended 31 December 2009. 

2009 Annual Results Announcement for the year ended 31 December 2009

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.  

Offer - 29 April 2010 (PDF 91.11KB)

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.

Offer of Raymarine - 28 April 2010 (PDF 91.11KB)

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.

Offer - 28 April 2010 (PDF 102.76KB)

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.

Offer - April 2010 (PDF 91.11KB)

On 11 March 2010, the board of Raymarine (the “Board”) announced that it had received anapproach 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.

Share Price Movement - April 2010 (PDF 102.76KB)

Raymarine, a global leader in the supply of electronic products to the leisure marine market, today announces that it has reached agreement with its banking syndicate to extend the term of all of its banking facilities to 30 September 2010.  

Extention of Bank Facilities - March 2010 (PDF 61.7KB)

The announcement made by Raymarine dated 11 March 2009 set out the number of ordinary shares of 1 pence each in issue as being83,166,364.   It should be noted that this number included 1,493,852 of the Company's ordinary shares held in treasury.

Therefore, in accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Raymarine confirms that it has 81,672,512 shares of 1 pence each in issue and admitted to trading on the London Stock Exchange under the UK ISIN code GB00B040K612

On 18 December 2009, the board of Raymarine (the “Board”) announced it was entering into exclusive discussions with a single party over the possible sale of the business and assets of Raymarine. In that announcement, the Board indicated the proposed transaction would be structured by means of a sale of Raymarine Holdings Limited, a wholly-owned subsidiary of Raymarine, and that it was not anticipated there would be any value remaining for ordinary shareholders.

Press Announcement - March 2010 (PDF 101.77KB)

The board of Raymarine (the “Board”) announces that it is entering into exclusive discussions with a single party over the possible sale of the business and assets of Raymarine and that it is no longer in discussions with Garmin Ltd

Press Announcement - December 2009 (PDF 69.3KB)

Raymarine plc, a global leader in the supply of electronic products to the leisure marine market, today issues its second Interim Management Statement for 2009 as required by the UK Listing Authority’s Disclosure and Transparency Rules. This statement is in respect of the period 1 July 2009 to 18 November 2009.

Interim Management Statement (PDF 40KB)

The Board of Raymarine (the "Board") notes the recent press speculation regarding potential discussions with Garmin Ltd. ("Garmin") and reconfirms that it is in preliminary discussions with a number of parties, including Garmin, which may or may not lead to a sale of the Company. 

Press Announcement - August 2009 (PDF 21KB)

On 12 June 2009, Raymarine announced that it was exploring a potential equity fundraising or a sale of the business.

Trading Update - July 2009 (PDF 67KB)

In its Interim Management Statement announced on 20 April 2009 the Board of Raymarine, a global leader in the supply of electronic products to the leisure marine market, announced that it was re-entering discussions with its banking group in order to seek an extension of its facilities with appropriate covenants.

Bank Update and Strategic Review (PDF 10KB)

Statement of Forms of Proxy received up to 48 hours before the time of the Annual General Meeting at Equiniti, Aspect House, Lancing, West Sussex, appointing the Chairman of the meeting.

Statement of Forms of Proxy (PDF 10KB)

Raymarine plc, a global leader in the supply of electronic products to the leisure marine market, today issues its Interim Management Statement in respect of the period 1 January 2009 to 20 April 2009.

Interim Management Statement (PDF 12KB)

Notice of the Annual General Meeting of the Company to be held at the Little Ship Club, Bell Wharf Lane, Upper Thames Street, London, EC4R 3TB on Wednesday, 20 May 2009 at 3pm is set out within the document below.

Notice of Annual General Meeting (PDF 471KB)

Raymarine plc, a global leader in the supply of marine electronic products to the leisure boating market, announces its full year results for the year ended 31 December 2008.

Annual results announcement (PDF, 310 KB) for the year ended 31 December 2008.

Raymarine plc, a global leader in the supply of electronic products to the leisure marine market, today issues a pre-close trading update in respect of the year ending 31 December 2008. The Group intends to announce its preliminary results on 2 March

2009.

Pre-Close Trading Update - Dec 2008 (PDF 14KB)

Raymarine plc, a global leader in the supply of electronic products to the leisure marine market, today issues its second Interim Management Statement for 2008 as required by the UK Listing Authority’s Disclosure and Transparency Rules. This statement is in respect of the period 1 July 2008 to 18 November 2008.

Interim Management Statement (PDF 13KB)

On 7 October 2008 Raymarine reported that its like for like sales for the nine months to 30 September 2008 were 8.5 per cent below the comparable period last year.

Trading Update - October 2008 (PDF 47KB)

Raymarine announces today that Malcolm Miller has left the Board with immediate effect and will be departing from the business. Raymarine is pleased to announce that Peter Ward has been appointed as Executive Chairman on an interim basis.

Board Change announcement (PDF 8KB)

Raymarine, a global leader in the supply of electronic products to the leisure marine market, is issuing a pre-close trading update today.

Pre-Close Trading Update - June 2008 (PDF 52KB)

On 2 April 2008 the Company announced that it had received a preliminary approach which may or may not lead to an offer being made for the Company. Discussions about the potential offer have now been terminated.

Pre-AGM Statement (PDF 14KB)

The Board of Raymarine, a global leader in the supply of electronic products to the leisure marine market, announces that Paul Boughton will be retiring as a non executive director of Raymarine at today’s annual general meeting.

Board Change announcement (PDF 8KB)

Statement of Forms of Proxy received up to 48 hours before the time of the Annual General Meeting to be held on Friday 23 May 2008, at 11.00am.

Statement of Forms of Proxy (PDF 7KB)

Notice of the Annual General Meeting of the Company to be held at the Little Ship Club, Bell Wharf Lane, Upper Thames Street, London, EC4R 3TB  on Friday, 23 May 2008 at 11am is set out within this document.

Notice of Annual General Meeting (PDF 79KB)

Raymarine plc, a global leader in the supply of electronic products to the leisure marine market, today issues its first Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency rules. This statement is in respect of the unaudited results for the period from 1 January 2008 to 31 March 2008.

Interim Management Statement (PDF 54KB)

Raymarine plc ("Raymarine"), a global leader in the supply of electronic products to the leisure marine market, today announces that it has agreed to acquire the business and assets of NavSystems Oy ("NavSystems"), the sole distributor of Raymarine products in Finland, for a consideration up to a maximum of €5 million (£3.8 million).

NavSystems Oy Acquisition Press Release (PDF 20KB)

Raymarine plc ("Raymarine"), a global leader in the supply of electronic products to the leisure marine market, today announces the acquistion of DeckMarine S.p.A. ("DeckMarine") the sole distributor of Raymarine products in Italy, for a consideration up to a maximum of €25.5 million (£18.8 million) (the "Transaction").

DeckMarine Acquisition Press Release (PDF 24KB)

Raymarine, a global leader in the supply of electronic products to the leisure marine market, announces that Terry Carlson, CEO of Raymarine, Inc., a subsidiary of Raymarine plc, is resigning from the Company and as a director of Raymarine plc with effect from 1 February 2008.

Board Change Press Release (PDF 21KB)

Raymarine, a global leader in the supply of electronic products to the leisure marine market, is issuing a pre-close trading update today.

Pre-Close Trading Update - Dec 2007 (PDF 14KB)

Raymarine plc (“Raymarine”), a global leader in the supply of electronic products to the leisure marine market, today announces the acquisition of H.E. Eissing KG (“Eissing”), the sole distributor of Raymarine products in Germany, for a consideration up to a maximum of €3.5 million (£2.4 million).

Eissing Acquisition Press Release (PDF 20KB)

At the Annual General Meeting to be held at 11.00am Friday 18 May 2007, Peter Ward, Chairman of Raymarine plc, will make the following statement to Shareholders:

Annual General Meeting statement  (PDF 21KB)

Raymarine, a global leader in the supply of electronic products to the leisure marine market, has today announced that it has signed a contract with a developer to provide a new site for new offices and an engineering, R&D, service, repair and test centre in Portsmouth to be occupied from December 2009.

New offices statement  (PDF 28KB)

Raymarine plc (“Raymarine”), a global leader in the supply of electronic products to the leisure marine market, today announces the acquisition of SDM Electronique SAS (“SDM Electronique” or “SDM”), the sole distributor of Raymarine products in France, Monaco and French overseas territories, from Azerraf Finance for an initial cash consideration of €7.5 million (£5.1 million).

SDM Electronique Press Release (PDF 74KB)

Raymarine, a global leader in the supply of electronic products to the leisure marine market, is issuing a pre-close trading update today.

Pre-Close Trading Update - Dec 2006 (PDF 12KB)

Raymarine plc ('Raymarine' & the 'Group'), a global leader in the supply of marine electronic products to the leisure boating market, has issued the following announcement:

Interim Financial Report six months ended 30 June 2006  (PDF 28KB)

Raymarine plc ('Raymarine' & the 'Group'), a global leader in the supply of marine electronic products to the leisure boating market, has issued the following announcement:

Pre-Close Trading Update - June 2006 (PDF 15KB)

Raymarine plc ('Raymarine' & the 'Group'), a global leader in the supply of marine electronic products to the leisure boating market, has issued the following announcement:

Raymarine Analysts visit RNS  (PDF 15 KB)

Raymarine plc ('Raymarine' & the 'Group'), a global leader in the supply of marine electronic products to the leisure boating market, has issued a trading update.

Annual General Meeting statement  (PDF 14KB)

Raymarine plc ('Raymarine' & the 'Group'), a global leader in the supply of marine electronic products to the leisure boating market, has issued a trading update.

Pre-Close Trading Update - Dec 2005 (PDF 28 KB)