GUADALAJARA, Mexico, April 20 /PRNewswire-FirstCall/ -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") announced that at the Company's Ordinary Shareholders' Meeting that took place on April 19, 2007, the following resolutions were approved:
FIRST -- The approval of all the reports presented during the Shareholders' Meeting by the Chairman of the Audit Committee, the Chief Executive Officer and the Board of Directors; and the Board of Directors' opinion regarding the content of the Chief Executive Officer's report.
SECOND -- The approval of the Consolidated Financial Statements for the year ended December 31, 2006 of the Company and its Subsidiaries, which include the balance sheets, income statements, statements of change in financial position and statements of changes in stockholders' equity, as well as approval of the external auditor's report.
THIRD -- The ratification of all resolutions adopted by the Board of Directors during its sessions that took place during the period of January 1st to December 31st, 2006.
FOURTH -- The allocation of the Company's net income, for the period ended December 31, 2005, in the following manner:
A. 5% of the Company's net income will be applied to an increase in the
Company's legal reserve.
B. A total dividend from the Company's net income and retained earnings in
the amount of Ps. 1,140,000,000, or Ps. 2.0320856 per share was
declared.
C. Of the total dividend declared, Ps. 815,000,000 or Ps. 1.4527629 per
share will be paid in cash in Mexican Pesos to shareholders on May 18,
2007, and Ps. 325,000,000 or Ps. 0.57932264 per share will be paid in
cash in Mexican pesos to shareholders on October 31, 2007, through S.D.
INDEVAL, S.A. DE C.V., Institucion para el Deposito de Valores
("INDEVAL").
D. Because the Company's Series "BB" shareholders do not hold their shares
through INDEVAL, the Company will pay dividends directly to these
shareholders in proportion to their holdings, in accordance with
applicable tax regulations.
FIFTH - The Company's Series "BB" shareholder's ratification of the appointment of its allotted members of the Board of Directors in the following manner:
-- Mr. Eduardo Sanchez Redo as Director and Chairman of the Board of
Directors and the appointment of Mr. Carlos Laviada Ocejo as his
alternate.
-- Mr. Javier Marin San Andres as Director and Mr. Rodrigo Marabini Ruiz
as alternate.
-- Mr. Demetrio Ullastres Lorente as Director and the appointment of Mr.
Vicente Emilio Alonso Diego as alternate.
-- Mr. Manuel Garcia Buey as director and Mrs. Laura Diez Barroso
Azcarraga as alternate.
Mr. Carlos del Rio will substitute Mr. Vicente Emilio Alonso Diego as Mr. Demetrio's alternate, effective on July 1, 2007.
SIXTH -- As per the proposal of the Company's Nominations and Compensations Committee, the ratification by the Series "B" Shareholders of Mr. Francisco Glennie y Graue, Mr. Francisco Javier Fernandez Carbajal, Mr. Jose Manuel Rincon Gallardo Puron, Mr. Augusto Sergio Paliza Valdez, Mr. Ernesto Vega Velasco and Mr. Henri Davis Signoret as members of the Board of Directors, and the election of Mr. Alfonso Pasquel Barcenas, as a new independent member of the Board of Directors as well as the approval of the compensation for the members of the Board of Directors as proposed by the Company's Nominations and Compensations Committee.
SEVENTH -- The ratification of the proposal that the Nominations and Compensation Committee continue to be composed of two (2) members and that the series "BB" shareholder has the right to name an alternate member of the committee.
EIGHTH -- The ratification of Mr. Francisco Glennie y Graue as independent Board Member, and member of the Nominations and Compensations Committee on behalf of the Series "B" shareholders. Additionally, the Series "BB" holders have designated Mr. Rodrigo Marabini Ruiz as a member of the Nominations and Compensations Committee. The Board has also chosen Mr. Demetrio Ullastres Llorente, as an alternate Committee Member.
NINTH -- The ratification of Mr. Jose Manuel Rincon Gallardo Puron as an independent member of the Board of Directors and as President of the Company's Audit Committee.
TENTH -- The authorization of the Company to repurchase its shares in the equity markets up to a maximum of 5% (five percent) of the Company's capital stock and according to the conditions of the Mexican Stock Exchange Regulations ("Ley del Mercado de Valores").
ELEVENTH -- The designation of Carlos del Rio Carcano, Rodrigo Guzman Perera, Mario Roberto Martinez Guerrero and Sergio Flores Ochoa as delegates in order that each of them is authorized, as necessary, to appear before any notary public to register the resolutions adopted at this shareholders' meeting; to make any publications necessary to comply with the resolutions adopted at this shareholders' meeting and with applicable laws and regulations; to present any required information to the Comision Nacional Bancaria y de Valores, the Bolsa Mexicana de Valores, S.A. de C.V., INDEVAL or any other entity or institution; and to take any other actions that they consider necessary to give effect in their entirety to the resolutions adopted at this shareholders' meeting.
TWELFTH -- The authorization of Mr. Mario Roberto Martinez Guerrero, as Secretary of the Board of Directors, to take any other actions that he considers necessary to give effect in their entirety to the resolutions adopted at this shareholders' meeting.
Company Description:
Grupo Aeroportuario del Pacifico, 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, 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 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 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 800-759-0045. GAP's Audit Committee will be notified of all complaints for immediate investigation.
