Grupo Aeroportuario Del Pacifico Announces Second Dividend Payment
Guadalajara, Jalisco, Mexico (FSCwire) - Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (''the Company'' or ''GAP'') announced that on November 20, 2018, the Company will make the payment of the second portion of the dividend for a total of 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.), as approved at the Annual General Ordinary Shareholders' Meeting held on April 25, 2018.
This second and final portion of the dividend payment for this year is equivalent to Ps. 3.81 (THREE PESOS 81/100) for each of the outstanding shares. With this final payment, the Company fully complies with the dividend distributions as approved at the annual General Ordinary Shareholders' Meeting.
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.
Saúl Villarreal, Chief Financial Officer
Alejandra Soto, IR and Financial Planning
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
Tel: 52 (33) 38801100 ext 20294
In the U.S.:
i-advize Corporate Communications
Tel: 212 406 3691 / 94
SOURCE: Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
Source: Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP)
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