Market Overview

Grupo Aeroportuario del Pacifico to Pay Second Portion of Dividend Approved at the April 2012 Shareholders' Meeting

Share:
GUADALAJARA, Jalisco, Mexico--(BUSINESS WIRE)--

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) today announced that on November 1, 2012, the Company will pay the second portion of the dividend approved according to Resolution IV of the General Annual Shareholders' Meeting held April 16, 2012, which is detailed as follows:

Approval that from the account for net income pending allocation, which is equal to Ps. 1,416,688,649, a dividend is declared to be paid in the amount of Ps. 1,130,000,000, to be divided among each outstanding share as of the payment date, excluding the shares repurchased by the Company as of each payment date in accordance with Article 56 of the Mexican Securities Market Law; the remaining net income pending application once the dividend has been paid will remain as net income pending application. The dividend will be paid as follows:

        a) Ps. 847,500,000.00 on or before May 31, 2012
b) Ps. 282,500,000.00 on or before November 30, 2012

Accordingly, the second payment is equivalent to Ps. 0.53229515 per share outstanding and will be paid on November 1, 2012.

Company Description:

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. 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.

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 fourth party that is in charge of collecting these complaints, is 01 800 563 00 47. The web site is www.lineadedenuncia.com/gap. GAP's Audit Committee will be notified of all complaints for immediate investigation.

In Mexico
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
Miguel Aliaga, Investor Relations Officer
Rodrigo Guzmán, Chief Financial Officer
Tel: 52 (33) 38801100
or
In the U.S.
i-advize Corporate Communications
Maria Barona / Peter Majeski
Tel: 212-406-3690
maliaga@aeropuertosgap.com.mx
gap@i-advize.com
For more information please visit www.aeropuertosgap.com.mx
Follow us on Twitter: http://twitter.com/aeropuertosGAP












View Comments and Join the Discussion!