Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") today announced that the Company is aware of a lawsuit filed by Grupo México, S.A.B de C.V. and Infraestructura y Transporte, S.A. de C.V., per a shareholder opposition, aimed at declaring void the following adopted Resolutions: Articles VII, VIII and IX, (VII is related to the appointment of Members of the Board of Directors that represent 10% or more of GAP's Series "B" shares; VIII is related to the appointment of Members of the Board of Directors by Series "B" shareholders; IX is related to the composition of the Company's Board of Directors), pertaining to the Agenda of the Annual General Ordinary Shareholders' Meeting that took place April 16, 2012.
Regarding this legal proceeding, per the request of the accuser, a civil judge from the 16th court in Mexico City declared a suspension of the Resolutions mentioned above. With regards to the individual appointed as an Alternate of the second Director proposed by Grupo Mexico, S.A.B. de C.V., this individual is prohibited from intervening in actions that fall under the responsibility of a Member of the Board of Directors. In addition, Ms. Laura Diez Barroso Azcárraga is prohibited from undertaking functions as an Alternate to Chairman Mr. Eduardo Sánchez Navarro Redo.
The Company is analyzing the effects of the suspension as it can under proceedings already executed, and therefore cannot be suspended, to take appropriate action, and believes that these actions will not affect the function of the Company's Board of Directors. Any updates related to this subject will be announced as necessary.
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, Bajio, 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.
Contacts:
For more information please visit www.aeropuertosgap.com.mx
or contact:
In Mexico
Grupo Aeroportuario
del Pacífico, S.A.B. de C.V.
Miguel Aliaga, Investor Relations
Officer
Rodrigo Guzmán, Chief Financial Officer
52 (33)
38801100
maliaga@aeropuertosgap.com.mx
or
In
the U.S.
i-advize Corporate Communications
Maria
Barona / Peter Majeski, 212-406-3690
gap@i-advize.com
or
Follow
us on Twitter:http://twitter.com/aeropuertosGAP
