Grupo Aeroportuario Del Pacífico Update
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced today that a ruling was issued in a commercial claim filed before a Federal Civil Court by Infraestructura y Transportes México, S.A. de C.V. (“ITM”), a subsidiary of Grupo México, S.A.B. de C.V., against the Mexican Ministry of Communications and Transportation, GAP and shareholders of its strategic partner, seeking the termination of the strategic shareholder’s corporate and proprietary rights that stem from the strategic shareholder’s ownership of certain preferred shares of GAP’s capital stock. The Company has been notified by its legal counsel that a ruling was issued in favor of GAP. The court upheld the Company’s defense claiming a lack of jurisdiction by the Federal Civil Court because the rights of GAP’s strategic partner arise from an international public bid conducted by an administrative authority according to proper administrative laws and regulations applicable to the airport industry. Consequently, the court of competent jurisdiction to rule on this matter is the Federal Fiscal and Administrative Court and all actions of the Civil Federal Court (including the lawsuit and subsequent filings thereto) were declared null and void.
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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