Grupo Aeroportuario del Pacifico Pays the Second and Last Installment of the Dividend Approved at the Shareholder's Meeting

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) announced the payment of the final dividend installment of Ps.7.20 per share, following the approval at the Annual General Meeting on April 22, 2022. This is part of the ongoing commitment to return value to shareholders, marking the thirty-third dividend distribution.

GAP operates 12 airports in Mexico, including major cities like Guadalajara and Tijuana, and has expanded its holdings in Jamaica with the acquisition of Sangster and Norman Manley International Airports.

Positive

• Final dividend payment of Ps.7.20 per share reflects commitment to shareholder returns.
• This marks the thirty-third distribution, showcasing consistent dividend policy.

Negative

• Potential uncertainties in future dividend payments due to economic conditions.
• Forward-looking statements indicate risks that may impact financial performance.

GUADALAJARA, Mexico, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that today the Company made the payment of the second and last installment of Ps.7.20 (SEVEN PESOS 20/100 M.N.) per each outstanding share, corresponding to the dividend payment approved at the Annual General Ordinary Shareholders’ Meeting held on April 22, 2022. This payment corresponds to the thirty-three 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 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 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 June 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.

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 dividend amount announced by Grupo Aeroportuario del Pacífico?

The announced dividend amount is Ps.7.20 per share.

When was the dividend payment approved?

The dividend payment was approved at the Annual General Ordinary Shareholders’ Meeting held on April 22, 2022.

How many dividend payments has Grupo Aeroportuario del Pacífico made?

This is the thirty-third dividend payment made by the company.

What financial impacts could affect future dividend payments for PAC?

Future dividend payments may be affected by economic conditions and operational performance.