5th Oct 2016 07:00
For Immediate Release | 5 October 2016 |
MayAir Group plc
("MayAir" or the "Group")
Transaction in Own Shares
MayAir Group plc (AIM:MAYA), a leading specialist provider of air purification technology, announces that on 4 October 2016, the Group purchased through Cantor Fitzgerald Europe 25,000 ordinary shares of no par value ("Ordinary Shares") at an average price of 85.0 pence per share. The purchased shares will be held as treasury shares.
Following the above purchase, the Group holds 315,000 Ordinary Shares in treasury. The total number of Ordinary Shares in issue (excluding treasury shares) is 42,160,000. Therefore, the total number of voting rights in the Company is 42,160,000 which may be used by shareholders as the denominator by which they will determine if they are required to notify their interest in, or a change to their interest in, MayAir under the FCA's Disclosure and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains a summary of and detailed information about the purchases made by Cantor Fitzgerald Europe on behalf of the Group as part of the buy-back programme.
Schedule 1: Summary of buy-back transactions
Date of purchase: | 4 October 2016 |
Number of Ordinary Shares purchased: | 25,000 |
Highest price paid per share (pence): | 85.0 |
Lowest price paid per share (pence): | 85.0 |
Average price paid per share (pence): | 85.0 |
Schedule 2: Details of buy-back transactions
Time (hh:mm - GMT) | Number of Ordinary Shares purchased | Transaction price (pence per share) |
14:00 | 25,000 | 85.0 |
- Ends -
For further information:
MayAir Group plc | |
Yap Wee Keong, Chief Executive Officer | Tel: +60 3 8961 2908 |
Koh Tat Seng, Chief Financial Officer | www.mayairgroup.com |
Allenby Capital Limited (Nominated Adviser) | Tel: +44 (0) 20 3328 5656 |
David Hart / James Reeve | www.allenbycapital.com |
Cantor Fitzgerald Europe (Broker) | Tel: +44 (0) 20 7894 7000 |
Andrew Craig / Richard Salmond | www.cantor.com |
Media enquiries: | |
Buchanan | |
Henry Harrison-Topham / Victoria Hayns / Jane Glover | Tel: +44 (0) 20 7466 5000 |
www.buchanan.uk.com |
Notes to Editors
Founded in 2001, MayAir Group is a leading specialist provider of air purification technology for use in industrial cleanrooms, supplying large multinational manufacturers including Sony, Continental and Bosch. The Group's core business is in providing Fan Filter Units ("FFUs") air filtering equipment for use in industrial cleanrooms, an area in which MayAir has established itself as one of the leading providers in China.
In recent years, the Group has diversified its product offering to include indoor clean air solutions for the commercial and residential markets. Key flagship commercial projects so far include Shanghai airport terminals, Shanghai International Convention Centre, SOHO Galaxy office development in Beijing and Chengdu's Subway. MayAir is well positioned to take advantage of the growing demand for air purification technology and in the year to 31 December 2015, the Group reported record figures with revenue rising by 45% to US$63.6 million and underlying operating profit rising by 16% to US$8.1 million. MayAir Group admitted to trading on AIM in May 2015 with the ticker MAYA.L.
For additional information please visit: www.mayairgroup.com
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