Grupo Aeroportuario Del Pacífico Follow Up
C) That all Mexican stock market brokers, in their capacity as such, be prohibited from trading GAP’s shares for an individual, group or group of related entities, that could result in any way in the acquisition of an ownership position that exceeds the 10% maximum allowed by Article X of the Company’s Corporate By-Laws.
D) That all Mexican stock market brokers be prohibited from acquiring or, in any way, negotiating, the transaction of shares of the Company for Grupo Mexico, S.A.B. de C.V., Infraestructura y Transportes México, S.A. de C.V, and any other entity that forms part of their business conglomerate, or is related thereto.
The defendant Mexican stock market brokers are currently in the process of being notified of the injunctions sought through the appropriate judicial channels.
The lawsuit and the injunctions sought are a result of the Company’s defense of its by-laws, which by-laws should not be ignored. These by-laws are the result of the privatization of the airport industry that was approved by the Mexican federal government on February 9, 1998. This process, among other things, has the goal of avoiding that the operation of Mexican airports be concentrated in the hands of a few groups. For this reason, the Company’s by-laws restrict shareholders from holding more than 10% of the Company’s outstanding capital stock. As of this release, these by-laws remain in full force and have not been declared null or void by a definitive and binding judicial decision. Consequently, the Company, its board of directors and all third parties are obligated to act in accordance there with, and it is the obligation of the management of the Company to defend these by-laws.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.
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