Grupo Aeroportuario Del Pacifico Pays Capital Stock Reduction Approved at the Extraordinary Shareholders’ Meeting

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) has declared a capital stock reduction payment of Ps. 7.80 per share as of September 27, 2021. This payment was approved in an Extraordinary Shareholders’ Meeting on September 14, 2021, marking its thirty-first distribution to shareholders. The payment will be managed through S.D. INDEVAL, S.A. de C.V. GAP operates 12 airports in Mexico, including key cities like Guadalajara and Tijuana, and has expanded its operations internationally. The press release also mentions forward-looking statements regarding the company's future performance.

Positive

• Declared a capital stock reduction payment of Ps. 7.80 per share.
• Payment approved at the Extraordinary Shareholders’ Meeting, supporting shareholder returns.

Negative

• None.

GUADALAJARA, Mexico, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announces that today it has made a capital stock reduction payment of Ps. 7.80 (SEVEN PESOS 80/100 M.N.) per outstanding share representing the Company’s shareholder equity, to the institution S.D. INDEVAL, S.A. de C.V. for distribution to shareholders, according to the record date of September 27, 2021. This capital stock reduction payment corresponds to the thirty-one such payment.

The capital stock reduction payment was approved at the Extraordinary Shareholders’ Meeting held on September 14, 2021.
   
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 operation of the Norman Manley International Airport in Kingston, Jamaica and took control of the operation in October 2019.

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 www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

IR Contacts:

Saúl Villarreal, Chief Financial Officer     Alejandra Soto, IRO and Corporate Finance Director Gisela Murillo, Investor Relations

svillarreal@aeropuertosgap.com.mx asoto@aeropuertosgap.com.mx gmurillo@aeropuertosgap.com.mx / +52-33-3880-1100 ext.20294

FAQ

What is the capital stock reduction payment declared by PAC?

PAC announced a capital stock reduction payment of Ps. 7.80 per share.

When was the capital stock reduction payment approved?

The payment was approved on September 14, 2021, during an Extraordinary Shareholders’ Meeting.

What is the record date for the capital stock reduction payment for PAC?

The record date for the payment was September 27, 2021.

How many airports does Grupo Aeroportuario del Pacífico operate?

GAP operates 12 airports throughout Mexico's Pacific region.

Where can I find more information about Grupo Aeroportuario del Pacífico?

More information can be found on their official website or in their press releases.