MEXICO CITY, March 4, 2022 /PRNewswire/ -- Grupo
Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV:
AEROMEX), informs again that, following the relevant events, dated
February 19, 2021, December 16, 20 and 22, 2021, and February 14, 2022, disclosed by the Company in
connection with the Notice on the Public Offering launched by
Alinfra, S.C., with respect to the existing shares representing the
current capital stock of Aeroméxico, at the price of $0.01 pesos (one
cent of peso, Mexican currency) per share, payable in cash
(the "Offering"), but which shares subject to the Offering will
represent less than 0.01% (zero point zero one percent) of
Aeroméxico's capital stock once becomes effective the capital stock
increase approved by the Ordinary and Extraordinary General
Shareholders Meeting of the Company held on January 14, 2022 and the Plan or Reorganization
approved by the Bankruptcy Court of the
United States of America, which oversees the voluntary
restructuring procedure of the Company and some of its subsidiaries
under "Chapter 11" of the Bankruptcy Code, whose Confirmation Order
dated February 4, 2022 was not
appealed and became final on February 18,
2022 ("Plan of Reorganization"), the Offering will be open
during the period from February 15 to March
14, 2022.
Pursuant to the authorization issued on February 11, 2022 by the National Banking and
Securities Commission (Comisión Nacional Bancaria y de
Valores) by means of official communication 153/2573/2022, and
for purposes of the second paragraph of Article 101 of the
Securities Exchange Law (Ley del Mercado
de Valores), Aeroméxico informs that its Board of
Directors, at a Meeting held on March 1,
2022, taking into account the opinion of its Audit and
Corporate Practices Committee and the terms of the Plan of
Reorganization, unanimously resolved (i) that the total
subscription price per share to carry out the Offering is
reasonable and provides the current shareholders with an option to
exit from the capital stock prior to the imminent equitization of
various liabilities of the Company and its subsidiaries and new
contributions into the capital stock, which, as it has been
reported in multiple relevant events, will substantially dilute (to
nearly zero) the current shares issued by the Company as it emerges
from its restructuring proceeding, and (ii) to confirm that the
members of the Board of Directors of the Company do not have any
conflict of interest with respect to the Offering, which was
published in a timely manner in the website of the Mexican
Securities Exchange (Bolsa Mexicana de
Valores), in accordance with the aforementioned relevant
events.
The Company also informs that the members of the Board of
Directors including the Chief Executive Officer of the Company, who
are also shareholders of the Company, have decided to accept the
Offering with respect to the corresponding securities owned by
them, as the case may be.
The parties under the Plan of Reorganization, our investors and
any third party, continue, and will continue, to have full access
to, and publicity of, all key documents and milestones relating to
our Chapter 11 restructuring proceeding, information that is
available in previous relevant events issued by Aeroméxico, and
particularly in the public docket and public documents of our
voluntary restructuring proceeding
(https://dm.epiq11.com/case/aem/dockets).
This press release contains certain forward-looking
statements that reflect the current views and/or expectations of
the Company and its management with respect to its performance,
business and future events. We use words such as "believe,"
"anticipate," "plan," "expect,", "intend," "target," "estimate,"
"project," "predict," "forecast," "guideline," "should" and other
similar expressions to identify forward-looking statements, but
they are not the only way we identify such statements. Such
statements are subject to a number of risks, uncertainties and
assumptions. We caution you that a number of important factors
could cause actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in
this release. The Company is under no obligation and expressly
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
About Grupo Aeromexico: Grupo Aeroméxico, S.A.B. de C.V. is a
holding company whose subsidiaries are engaged in commercial
aviation in Mexico and the
promotion of passenger loyalty programs. Aeromexico, Mexico's global airline, has its main
operations center in Terminal 2 of the Mexico City International Airport. Its
destination network has reach in Mexico, the United
States, Canada,
Central America, South America, Asia and Europe. The Group's current operating fleet
includes Boeing 787 and 737 aircraft, as well as the latest
generation Embraer 190. Aeromexico is a founding partner of
SkyTeam, an alliance that celebrates 20 years and offers
connectivity in more than 170 countries, through the 19 partner
airlines. Aeromexico created and implemented a Health and Hygiene
Management System (SGSH) to protect its clients and collaborators
at all stages of its operation.
www.aeromexico.com www.skyteam.com
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SOURCE Grupo Aeromexico S.A.B. de C.V.