Grupo Aeroportuario del Pacifico Announces Payment for Capital Stock Reduction Approved at the Annual General Extraordinary S...
April 27 2017 - 5:19PM
Business Wire
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 25, 2017, the
session approved a capital stock reduction of
Ps. 1,750,166,571.51(ONE BILLION SEVEN HUNDRED AND FIFTY
MILLION, ONE HUNDRED AND SIXTY SIX THOUSAND, FIVE HUNDRED AND
SEVENTY ONE PESOS 51/100) and a consequent cash payment to
shareholders of Ps. 3.33 (THREE PESOS AND THIRTY THREE CENTS) per
outstanding share representative of the Company’s shareholders’
equity.
The capital reduction payment will take place on May 8, 2017, in
accordance with the first resolution adopted during the Meeting,
and corresponds to the twenty-first 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 of MBJ Airports Limited, a
company operating the Sangster International Airport in Montego
Bay, Jamaica.
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.
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 http://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
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version on businesswire.com: http://www.businesswire.com/news/home/20170427006900/en/
In MéxicoGrupo Aeroportuario del Pacífico, S.A.B. de
C.V.Saúl Villarreal García, Chief Financial OfficerPaulina
Sánchez, Investor Relations OfficerTel: 01 (33) 38801100 ext
20151svillarreal@aeropuertosgap.com.mxpsanchez@aeropuertosgap.com.mxorIn the
U.S.i-advize Corporate CommunicationsMaria Barona,
212-406-3691/94gap@i-advize.com
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