Grupo Aeroportuario del Pacifico Announces Publication of Green Bond Report

Rhea-AI Summary

Grupo Aeroportuario del Pacifico (NYSE:PAC; BMV: GAP) has released its Green Bond Report, detailing the allocation of resources and impact of projects financed by the Ps. 1,500 million Green Bond issued on October 15, 2021 (ticker: GAP 21V). The report, aligned with GAP's Green Bond Framework, is available on the company's website under the 'Investors' section.

GAP operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, tourist destinations such as Puerto Vallarta and Los Cabos, and six mid-sized cities. The company expanded internationally in 2015 by acquiring a majority stake in Jamaica's Sangster International Airport, and in 2019 began operating Norman Manley International Airport in Kingston.

Positive

• Publication of Green Bond Report demonstrates transparency and commitment to sustainable finance
• Diversified portfolio of 12 airports across Mexico's Pacific region
• International expansion with operations in two Jamaican airports

Negative

• None.

News Market Reaction – PAC

+2.97%

1 alert

+2.97% News Effect

On the day this news was published, PAC gained 2.97%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

GUADALAJARA, Mexico, July 30, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC; BMV: GAP) (“the Company” or “GAP”) informs that today it published its Green Bond Report, following GAP's Green Bond Framework, which provides information on the allocation of resources and the impact of the projects financed with the Green Bond issued on October 15, 2021, with the ticker symbol GAP 21V for Ps. 1,500 million.

This Green Bond Report can be consulted on GAP's website (www.aeropuertosgap.com.mx) in the "Investors" section.

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 Concessioner 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 Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

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 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 involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

Alejandra Soto, Investor Relations and Social Responsibility Officer	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx / +52 33 3880 1100 ext. 20294

FAQ

What is the value and issue date of GAP's Green Bond (PAC)?

Grupo Aeroportuario del Pacifico (PAC) issued a Green Bond worth Ps. 1,500 million on October 15, 2021, with the ticker symbol GAP 21V.

How many airports does Grupo Aeroportuario del Pacifico (PAC) operate?

Grupo Aeroportuario del Pacifico (PAC) operates 12 airports throughout Mexico's Pacific region and has stakes in two Jamaican airports.

When did GAP (PAC) expand its operations to Jamaica?

GAP (PAC) acquired a majority stake in Sangster International Airport in Montego Bay, Jamaica in April 2015, and began operating Norman Manley International Airport in Kingston, Jamaica in October 2019.

Where can investors find GAP's (PAC) Green Bond Report?

Investors can find GAP's (PAC) Green Bond Report on the company's website (www.aeropuertosgap.com.mx) in the 'Investors' section.