Grupo Aeroportuario del Pacífico Announces Payment Date for Capital Stock Reduction Approved at the General Extraordinary S...
09 May 2019 - 7:13AM
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV:
GAP) (the “Company” or “GAP”) announces that at the General
Extraordinary Shareholders’ Meeting held on April 23, 2019, the
session approved a capital stock reduction of Ps. 1,592,493,907.41
(ONE BILLION, FIVE HUNDRED AND NINETY-TWO MILLION, FOUR HUNDRED AND
NINETY-THREE THOUSAND, NINE HUNDRED AND SEVEN PESOS 41/100 M.N.)
and a consequent cash payment to shareholders of Ps. 3.03 (THREE
PESOS AND 03/100 M.N.) per outstanding share representing the
Company’s shareholders’ equity.
The capital reduction payment will take place on
May 17, 2019, in accordance with the first resolution approved
during the Extraordinary Shareholders’ Meeting, and corresponds to
the twenty-seventh such payment.
Company Description:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
(GAP) operates 12 airports throughout Mexico’s Pacific region,
including the major cities of Guadalajara and Tijuana, the four
tourist destinations of Puerto Vallarta, Los Cabos, La Paz and
Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato,
Morelia, Aguascalientes, Mexicali and Los Mochis. In February
2006, GAP’s shares were listed on the New York Stock Exchange under
the ticker symbol “PAC” and on the Mexican Stock Exchange under the
ticker symbol “GAP”. In April 2015, GAP acquired 100% of
Desarrollo de Concesiones Aeroportuarias, S.L., which owns a
majority stake in MBJ Airports Limited, a company operating
Sangster International Airport in Montego Bay, Jamaica. In October
2018, GAP entered into a concession agreement for the operation of
the Norman Manley International Airport in Kingston, Jamaica.
Subject to certain conditions precedent, GAP expects to take
control of the operation of the Kingston airport in the last
quarter of 2019.
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This
press release may contain forward-looking statements. These
statements are not historical facts, and are based on management’s
current view and estimates of future economic circumstances,
industry conditions, company performance and financial
results. The words “anticipates,” “believes,” “estimates,”
“expects,” “plans” and similar expressions, as they relate to the
company, are intended to identify forward-looking statements.
Statements regarding the declaration or payment of dividends, the
implementation of principal operating and financing strategies and
capital expenditure plans, the direction of future operations and
the factors or trends affecting financial conditions, liquidity or
results of operations are examples of forward-looking
statements. Such statements reflect the current views of
management and are subject to a number of risks and
uncertainties. There is no guarantee that the expected
events, trends or results will actually occur. The statements
are based on many assumptions and factors, including general
economic and market conditions, industry conditions, and operating
factors. Any changes in such assumptions or factors could
cause actual results to differ materially from current
expectations. |
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In accordance with Section 806 of the
Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado
de Valores”, GAP has implemented a “whistleblower”
program, which allows complainants to anonymously and
confidentially report suspected activities that may involve
criminal conduct or violations. The telephone number in Mexico,
facilitated by a third party that is in charge of collecting these
complaints, is 01-800-563-0047. The web site is
www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified
of all complaints for immediate investigation.
IR
Contacts: |
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Saúl Villarreal, Chief Financial and Administrative
Officer |
svillarreal@aeropuertosgap.com.mx |
Alejandra Soto, IR and Financial Planning
Mananger |
asoto@aeropuertosgap.com.mx |
Gisela Murillo, Investors Relations |
gmurillo@aeropuertosgap.com.mx / +523338801100
ext.20294 |
Maria Barona, i-advize Corporate Communications |
mbarona@i-advize.com |
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