Grupo Aeroportuario del Pacífico Update
March 15 2012 - 6:02PM
Business Wire
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC;
BMV: GAP) (the “Company” or “GAP”) announced that in accordance
with the Company’s legal strategy to defend its By-Laws, on March
13, 2012, one of its subsidiaries obtained a preliminary injunction
from a federal court of last resort preventing the Comisión
Nacional Bancaria y de Valores (National Banking and Securities
Commission or the “CNBV”) from making a determination with respect
to the Oferta Pública de Adquisición Forzosa (Hostile Takeover bid
by Tender Offer or the “Tender Offer”) by Grupo México, S.A.B. de
C.V. (“Grupo México”). In granting the preliminary injunction the
federal court indicated that it was doing so because the Tender
Offer involved a strategic sector, i.e., the airport industry.
Based on the aforementioned, and as instructed by the Federal
Collegiate Circuit Court that authorized the foregoing preliminary
injunction, the CNBV cannot issue a decision on whether or not to
authorize the Tender Offer initiated by Grupo México until this
protection proceeding is resolved.
This judicial decision reaffirms the position that GAP has
maintained throughout the different protective actions it has taken
aimed at defending the integrity of the Company’s corporate
structure, including the limits placed on shareholder ownership and
participation in the Mexican Airport System, which was designed by
the Mexican Federal Government in accordance with the guidelines
set out in the “Investment Guidelines for the Opening of Investment
in the Mexican Airport System.”
Company Description:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates
twelve 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 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”.
This press release may contain forward-looking statements. These
statements are statements that 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 condition,
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.
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 00 47. The web
site is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be
notified of all complaints for immediate investigation.
For more information please visit
www.aeropuertosgap.com.mx.
Follow us on Twitter for IR updates:
http://twitter.com/aeropuertosGAP.
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