Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announces that today’s movement in the price of its stock could be related to the press release issued today by Grupo México S.A.B. de C.V. (“GMexico”) whereby GMexico informed that it withdrew the hostile takeover bid by tender offer ( Oferta Pública de Adquisición Forzosa or the “Tender Offer”) for the Company’s capital stock.
The press release issued by GMexico confirms the information contained in the press release issued by GAP on March 2, 2012 whereby the Company informed that a definitive injunction granted by a court ordered the Mexican National Banking and Securities Exchange Commission ( Comisión Nacional Bancaria y de Valores) to refrain from issuing any decision with regard to the Tender Offer until a decision is made in the protection proceeding filed by GAP.
The Company further announces that Article XII of the Company’s bylaws establishes that any shares of GAP held by a shareholder, directly or with related parties, in excess of the 10% limit allowed by GAP’s bylaws would need to be sold through a public offering.
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.