Resolutions Adopted at the Annual General Ordinary Shareholders' Meeting
GUADALAJARA, Mexico, April 29 /PRNewswire-FirstCall/ -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the "Company" or "GAP") today announced that at the Company's general ordinary shareholders' meeting that took place on April 28, 2008, the following resolutions were approved:
FIRST -- The approval of all of the reports referenced under numeral I of the Shareholders' Meeting Agenda, as follows: a) The Chief Executive Officer's report regarding the results of
SECOND -- The approval of the consolidated financial statements for the Company and its subsidiaries for the period ended December 31, 2007, which reflect a net income of Ps. 1,402,819,000.00 (ONE BILLION, FOUR HUNDRED AND TWO MILLION, EIGHT HUNDRED AND NINETEEN THOUSAND PESOS 00/100 M.N.), taking into account the statement of financial results, income statement, statement of changes to financial position and statement of changes to shareholders' equity. THIRD -- Of the revenues obtained by the Company during the 2007 period, which reached Ps. 1,402,819,000.00 (ONE BILLION, FOUR HUNDRED AND TWO MILLION, EIGHT HUNDRED AND NINETEEN PESOS 00/100 M.N.), 5% (FIVE PERCENT) of this amount, or Ps. 70,140,950.00 (SEVENTY MILLION, ONE HUNDRED AND FORTY THOUSAND, NINE HUNDRED AN FIFTY PESOS 00/100 M.N.) were set aside to increase legal reserves. The remaining amount, or Ps. 1,332,678,050.00 (ONE BILLION, THREE HUNDRED AND THIRTY TWO MILLION, SIX HUNDRED AND SEVENTY EIGHT THOUSAND AND FIFTY PESOS 00/100 M.N.), will be set aside as retained earnings. FOURTH -- Of the abovementioned retained earnings, the declaration of a total dividend of Ps. 1,122,000,000.00 (ONE BILLION, ONE HUNDRED AND TWENTY- TWO MILLION PESOS 00/100 M.N.), or Ps. 2.00 (TWO PESOS 00/100 M.N.) per share of the Company, to be paid in the following manner: a) Ps. 864,000,000.00 (EIGHT HUNDRED AND SIXTY FOUR MILLION PESOS 00/100
Because the Company's Series "BB" shareholders do not hold their shares through INDEVAL, the Company will pay dividends directly to these shareholders in proportion to their holdings, in accordance with applicable tax regulations. FIFTH -- Approval of the maximum amount of resources to be allocated towards the repurchase of Company shares, or loan certificates that represent these shares, of a total of up to Ps. 55,000,000.00 (FIFTY FIVE MILLION PESOS 00/100 M.N.) thus complying with Article 56, Section IV of the Mexican Corporations Law. SIXTH -- Approval of the nomination of Mrs. Laura Diez Barroso Azcarraga as Chairman of the Board of Directors of the Company, in accordance with Article 16 of the Company's by-laws, replacing Mr. Eduardo Sanchez Navarro Redo. SEVENTH -- Approval of the four proprietary members of the board and their alternates, as proposed by the Series BB shareholders, as follows: Mrs. Laura Diez Barroso Azcarraga as proprietary member and Mr. Eduardo Sanchez Navarro Redo as alternate; Mr. Javier Marin San Andres as proprietary member and Mrs. Ana Alonso Farto as alternate; Mr. Rodrigo Marabini Ruiz as proprietary member and Mr. Carlos del Rio Carcano as alternate, and Mr. Salvador Alemany Mas as proprietary member and Mr. Demetrio Ullastres Llorente as alternate. EIGHTH -- Acknowledgement that no shareholder or group of shareholders owning over 10% of the Series "B" shares of the Company asked to designate a member of the Board of Directors. NINTH -- The ratification of the designation by the Series "B" shareholders of the following persons to join the Board of Directors: Francisco Glennie y Graue, Francisco Javier Fernandez Carbajal, Augusto Sergio Paliza Valdez, Ernesto Vega Velasco, Henry Davis Signoret, Alfonso Pasquel Barcenas and Jose Manuel Rincon Gallardo Puron, as independent proprietary members of the board. As a result of the above, the Board of Directors will be composed of the following members: Proprietary Members Alternate Members Laura Diez Barroso Azcarraga Eduardo Sanchez Navarro Redo The independent board members comply with the requirements set forth in the Securities and Exchange Law, and thus may be considered as independent directors for all legal purposes. TENTH -- The approval of all the Committee members as follows: OPERATING COMMITTEE Jorge Manuel Sales Martinez Carlos del Rio Carcano AUDITING AND CORPORATE PRACTICES COMMITTEE Jose Manuel Rincon Gallardo Puron ACQUISITIONS COMMITTEE Carlos del Rio Carcano Eduardo Sanchez Navarro Redo NOMINATIONS AND COMPENSATIONS COMMITTEE Laura Diez Barroso Azcarraga Rodrigo Marabini Ruiz ELEVENTH -- That the Nominations and Compensations Committee shall be composed of two proprietary board members, one designated by the Series "BB" holders with an alternate, and the other designated by the Series "B" holders. TWELFTH -- The nomination by the Series "B" shareholders of Mr. Francisco Glennie y Graue to join the Company's Nominations and Compensations Committee, as a proprietary member and recognition of the nomination by the Series "BB" shareholders of Mrs. Laura Diez Barroso Azcarraga and Mr. Rodrigo Marabini Ruiz to join the Nominations and Compensations Committee, as proprietary and alternate members, respectively. THIRTEENTH -- The ratification of Mr. Jose Manuel Rincon Gallardo Puron as President of the Auditing Committee and recognition of the replacement of Mr. Francisco Glennie y Graue as member of the Auditing and Corporate Practices Committee with Mr. Francisco Javier Fernandez Carbajal. Company Description: Grupo Aeroportuario del Pacifico, 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 other mid-sized cities: Hermosillo, Bajio, 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 that allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 800-759-0045. GAP's Audit Committee will be notified of all complaints for immediate investigation. For further information please visit: http://www.aeropuertosgap.com.mx/ or contact us: In Mexico In the United States First Call Analyst:
CONTACT: Mexico, Miguel Aliaga, Investor Relations Officer, Grupo Web site: http://www.aeropuertosgap.com.mx/
2008-04-29 17:31:34 0348415 PRNEWSWIRE
HOME || Press Release Archive || © Leigh Media Corporation || Terms of Use || Privacy Policy || Publish Your Press Release Here |