Grupo Aeroportuario del Pacifico Announces Government Action to Change Tariff Base Regulation
05 Oktober 2023 - 2:39AM
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV:
GAP) (“the Company” or “GAP”). On October 4, 2023, GAP received a
notification from the Federal Civil Aviation Agency (Agencia
Federal de Aviación Civil, “AFAC”), a decentralized entity of the
Mexican Secretary of Infrastructure, Communications, and Transport
(Secretaría de Infraestructura, Comunicaciones y Transporte,
“SICT”), informing that has decided, unilaterally and without any
previous communication with the Company, to amend with immediate
effect the terms of the tariff base regulation (Bases de Regulación
Tarifaria) set forth in Annex 7 of the concession agreements
undertaken with the SICT on June 29, 1998, as amended, in
connection with the airports GAP operates in Mexico’s Pacific
region.
GAP is currently evaluating the potential impact
that the changes to the tariff base regulation may have on its
business, results of operation, and financial condition.
Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
(GAP) operates 12 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, 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”. In April 2015, GAP acquired 100% of Desarrollo
de Concessioner Aeroportuarias, S.L., which owns a majority stake
in MBJ Airports Limited, a company operating Sangster International
Airport in Montego Bay, Jamaica. In October 2018, GAP entered into
a concession agreement for the Norman Manley International Airport
operation in Kingston, Jamaica, and took control of the operation
in October 2019.
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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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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 involve criminal conduct or violations.
The telephone number in Mexico, facilitated by a third party
responsible for collecting these complaints, is 800 04 ETICA
(38422) or WhatsApp +52 55 6538 5504. The website is
www.lineadedenunciagap.com or by email at
denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be
notified of all complaints for immediate investigation.
Alejandra Soto, Investor Relations and Social Responsibility
Officer |
asoto@aeropuertosgap.com.mx |
Gisela Murillo, Investor Relations |
gmurillo@aeropuertosgap.com.mx /+52 33 3880 1100 ext. 20294 |
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