MayAir Group PLC Transaction in Own Shares (3648N)
October 25 2016 - 2:00AM
UK Regulatory
TIDMMAYA
RNS Number : 3648N
MayAir Group PLC
25 October 2016
For Immediate Release 25 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 24 October 2016, the
Group purchased through Cantor Fitzgerald Europe 30,000 ordinary
shares of no par value ("Ordinary Shares") at an average price of
96.75 pence per share. The purchased shares will be held as
treasury shares.
Following the above purchase, the Group holds 405,000 Ordinary
Shares in treasury. The total number of Ordinary Shares in issue
(excluding treasury shares) is 42,070,000. Therefore, the total
number of voting rights in the Company is 42,070,000 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: 24 October 2016
--------------------------- ----------------
Number of Ordinary Shares
purchased: 30,000
--------------------------- ----------------
Highest price paid per
share (pence): 96.75
--------------------------- ----------------
Lowest price paid per
share (pence): 96.75
--------------------------- ----------------
Average price paid per
share (pence): 96.75
--------------------------- ----------------
Schedule 2: Details of buy-back transactions
Time (hh:mm - Number of Ordinary Transaction price
BST) Shares purchased (pence per share)
-------------- ------------------- -------------------
14:56 30,000 96.75
-------------- ------------------- -------------------
- Ends -
For further information:
MayAir Group plc
Yap Wee Keong, Chief Executive Tel: +60 3 8961
Officer 2908
Koh Tat Seng, Chief Financial www.mayairgroup.com
Officer
Allenby Capital Limited (Nominated Tel: +44 (0) 20
Adviser) 3328 5656
David Hart / James Reeve www.allenbycapital.com
Cantor Fitzgerald Europe Tel: +44 (0) 20
(Broker) 7894 7000
Andrew Craig / Richard Salmond www.cantor.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Victoria Tel: +44 (0) 20
Hayns / Jane Glover 7466 5000
MayAir@buchanan.uk.com 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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