Source - RNS
RNS Number : 9183M
MayAir Group PLC
19 October 2016

For Immediate Release

19 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 18 October 2016, the Group purchased through Cantor Fitzgerald Europe 25,000 ordinary shares of no par value ("Ordinary Shares") at an average price of 91.0 pence per share. The purchased shares will be held as treasury shares.


Following the above purchase, the Group holds 365,000 Ordinary Shares in treasury. The total number of Ordinary Shares in issue (excluding treasury shares) is 42,110,000. Therefore, the total number of voting rights in the Company is 42,110,000 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:

18 October 2016

Number of Ordinary Shares purchased:


Highest price paid per share (pence):


Lowest price paid per share (pence):


Average price paid per share (pence):




Schedule 2: Details of buy-back transactions

Time (hh:mm - BST)

Number of Ordinary Shares purchased

Transaction price (pence per share)





- Ends -


  For further information:

MayAir Group plc

Yap Wee Keong, Chief Executive Officer

Tel: +60 3 8961 2908

Koh Tat Seng, Chief Financial Officer

Allenby Capital Limited (Nominated Adviser)

Tel: +44 (0) 20 3328 5656

David Hart / James Reeve

Cantor Fitzgerald Europe (Broker)

Tel: +44 (0) 20 7894 7000

Andrew Craig / Richard Salmond

Media enquiries:


Henry Harrison-Topham / Victoria Hayns / Jane Glover

Tel: +44 (0) 20 7466 5000

[email protected]



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.

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