Grupo Aeroportuario del Pacifico Announces Postponement of Annual General Ordinary Shareholders’ Meeting
GUADALAJARA, Mexico, April 14, 2020 (GLOBE NEWSWIRE)
-- Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP)
(“the Company” or “GAP”) informs that, in accordance with the
health emergency caused by the COVID-19 pandemic, the Company’s Board of
Directors has decided to postpone the General Ordinary Shareholders’
Meeting (“the Meeting”) that was originally announced on March 26,
2020, and was to be held on April 28, 2020. The new date will be announced
at a later date.
The new date for the Meeting will be July 1, 2020 at 12:00 pm in the Salón Oceanía I in the Hotel Hilton, located at Avenida de las Rosas 2933, Col. Rinconada del Bosque in the city of Guadalajara, in the state of Jalisco.
This decision was the result of a March 30, 2020 announcement made by the Mexican Government in the Official Federal Gazette regarding a health emergency generated by the SARS-CoV2 (COVID-19) virus on account of Force Majeure. Thus, the next day, the Ministry of Health and Sanitation implemented health measures for the whole country. Among these was the immediate suspension of all non-essential business in the public, private and social sectors from March 30, 2020 to April 30, 2020.
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 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. 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 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 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 and Administrative Officer | svillarreal@aeropuertosgap.com.mx |
| Alejandra Soto, IR and Financial Planning Manager | asoto@aeropuertosgap.com.mx |
| Gisela Murillo, Investor Relations | gmurillo@aeropuertosgap.com.mx / +523338801100 ext.20294 |
| Maria Barona, i-advize Corporate Communications | mbarona@i-advize.com |
