Business Wire 10-Aug-2018 4:48 PM
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP) ("the Company" or "GAP") announces that on August 21, 2018, the Company will pay the first portion of the dividend approved at the Annual General Ordinary Shareholders' Meeting held on April 25, 2018 in accordance with the following:
"V. Approval of the allocation from the account for net income pending allocation, of an amount equal to Ps. 4,307,743,840.00 (FOUR BILLION, THREE HUNDRED AND SEVEN MILLION, SEVEN HUNDRED AND FORTY-THREE THOUSAND, AND EIGHT HUNDRED AND FORTY PESOS 00/100 M.N), for declaring a dividend equal to Ps. 7.62 (SEVEN PESOS AND 62/100 M.N.) per share, to be distributed to each share outstanding as of the payment date, excluding any 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. 3.81 (THREE PESOS AND 81/100 M.N.) per share as of the payment date, to be distributed before August 31, 2018; and
ii. Ps. 3.81 (THREE PESOS AND 81/100 M.N.) per share as of the payment date, to be distributed before December 31, 2018."
The first portion of the dividend equivalent to Ps. 3.81 (THREE PESOS 81/100 M.N.) per outstanding share will be paid on August 21, 2018. The dividend payment is equivalent to Ps. 2,002,442,834.00 (TWO BILLION TWO MILLION FOUR HUNDRED AND FORTY-TWO THOUSAND EIGHT HUNDRED AND THIRTY-FOUR 00/100 PESOS M.N.).
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 MBJ 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 www.lineadedenuncia.com/gap. GAP's Audit Committee will be notified of all complaints for immediate investigation.
For more information please visit www.aeropuertosgap.com.mx.
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