Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Comments on Grupo Mexico’s Bid for Outstanding Shares

Dépèche transmise le 14 juin 2011 par Business Wire

Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Comments on Grupo Mexico’s Bid for Outstanding Shares

Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Comments on Grupo Mexico’s Bid for Outstanding Shares

GUADALAJARA, Mexico--(BUSINESS WIRE)--Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) commented regarding the press release issued by Grupo México S.A.B. de C.V. announcing its intention to acquire up to 100% of the Company’s outstanding shares. The Company informs the following regarding the Company’s by-laws:


Article Ten of the Company’s by-laws on share participation limits states in point 1 that: “Series B shareholders, whether as individual holders or jointly with related parties, are not permitted to hold more than 10% (ten percent) of the total outstanding capital stock of the Company, unless the limits on shareholding participation are modified as per Article Twelve or per Article Fourteen, both of the current corporate by-laws.”



Paragraph 2 of Article Twelve states that: “In case a person, either individually or jointly with related parties, were to acquire a percentage of shares greater than the participation limits set forth by Article Ten, the person or group of persons would be obligated to sell any excess shares beyond the participation limits through a public share offering according to current laws. Should this offering not take place, any excess shares would have no voting rights and would not be represented in any shareholders’ meeting.”

These by-laws are valid and have not been modified.


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 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”.

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.lineadenuncia.org/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

For more information, visit: www.aeropuertosgap.com.mx.

Business Wire

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