GUADALAJARA, Mexico--(BUSINESS WIRE)--Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC; BMV:GAP) (“the Company” or “GAP”) today announced that on August 21, 2015, the Company will pay the first portion of the dividend approved at the annual General Ordinary Shareholders’ Meeting held on April 21, 2015 in accordance with the following:
Approval of the allocation, from the account for net income pending allocation amounting to Ps. 2,198,682,664.05 (TWO BILLION, ONE HUNDRED AND NINETY-EIGHT MILLION, SIX HUNDRED AND EIGHTY TWO THOUSAND, SIX HUNDRED AND SIXTY FOUR 05/100 PESOS), of a Ps. 3.32 per share (THREE 32/100 PESOS) dividend to be distributed equally among each share outstanding as of the payment date, excluding the shares repurchased by the Company as of each payment date in accordance with Article 56 of the Mexican Securities Market Law. Any amounts of net income pending allocation remaining after the payment of such dividend will remain in the account for net income pending allocation. The dividend will be paid in the following manner:
i. Ps. 1.82 (ONE 82/100 PESOS) per outstanding share before August 31, 2015; and
ii. Ps. 1.50 (ONE 50/100 PESOS) per outstanding share before December 31, 2015.
Accordingly, the first portion of the dividend equivalent to Ps. 1.82 (ONE 82/100 PESOS) per outstanding share will be paid on August 21, 2015. The total dividend payment is equivalent to Ps. 956,547,495.54 (NINE HUNDRED AND FIFTY SIX MILLION, FIVE HUNDRED AND FORTY SEVEN THOUSAND, FOUR HUNDRED AND NINETY FIVE 54/100 PESOS).
For more information please visit www.aeropuertosgap.com.mx.
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 Concesiones Aeroportuarias, S.L., which owns a majority stake of MJ Airports Limited, a company operating the Sangster International Airport in Montego Bay, Jamaica.
| 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.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
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