Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced today that it had been notified by a federal court of last resort that the indefinite suspension ordered in GAP’s protection proceeding in defense of its by-laws was affirmed after an appeal by Grupo México, S.A.B. de C.V. (“Grupo México”) and the Mexican Banking and Securities Commission (the “CNBV).
This definite suspension remains in place and prevents the CNBV from issuing a decision regarding the public tender offer (the “OPA”) announced by Grupo México until the protection proceeding is resolved.
This decision confirms GAP’s position with respect to the validity of the Company’s by-laws and the appropriateness of the precautionary measures requested and subsequently ordered by the mercantile court in the Company’s defense of its investors’ interests (an event recently announced to the public in a press release).
Company Description:Grupo Aeroportuario del Pacífico, 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 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”. 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.