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GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V.

(GAP B)
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Grupo Aeroportuario del Pacífico B de C : Pacifico Pays Capital Stock Reduction Approved at the General Extraordinary Shareholders' Meeting (Form 6-K)

05/28/2021 | 05:26pm EDT

Grupo Aeroportuario Del Pacifico Pays Capital Stock Reduction Approved at the General Extraordinary Shareholders' Meeting

GUADALAJARA, Mexico, May 28, 2021 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the 'Company' or 'GAP') announces that today it has made a capital reduction payment of Ps. 3.8230950615 per outstanding share representing the Company's shareholder equity, to the institution S.D. INDEVAL, S.A. de C.V. for distribution to shareholders, according to the record date of May 27, 2021. This capital reduction payment corresponds to the thirty such payment.

The capital reduction payment was approved at the General Extraordinary Shareholders' Meeting held on April 27, 2021.

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 operation of the Norman Manley International Airport in Kingston, Jamaica and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements 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 conditions, 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 third party that is in charge of collecting these complaints, is 01-800-563-0047. The web site is www.lineadedenuncia.com/gap. GAP's Audit Committee will be notified of all complaints for immediate investigation.

IR Contacts:
Saúl Villarreal, Chief Financial Officer svillarreal@aeropuertosgap.com.mx
Alejandra Soto, IRO and Corporate Finance Director asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations gmurillo@aeropuertosgap.com.mx / +52-33-3880-1100 ext. 20294


Disclaimer

Grupo Aeroportuario del Pacifico SAB de CV published this content on 28 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2021 21:25:39 UTC.


© Publicnow 2021
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Financials
Sales 2021 18 901 M 951 M 951 M
Net income 2021 4 151 M 209 M 209 M
Net Debt 2021 14 933 M 752 M 752 M
P/E ratio 2021 27,0x
Yield 2021 3,57%
Capitalization 118 B 5 929 M 5 926 M
EV / Sales 2021 7,02x
EV / Sales 2022 6,08x
Nbr of Employees 1 677
Free-Float 70,6%
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Technical analysis trends GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V.
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TrendsBullishNeutralBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 16
Last Close Price 227,77 MXN
Average target price 246,12 MXN
Spread / Average Target 8,06%
EPS Revisions
Managers and Directors
Raul Revuelta Musalem Chief Executive Officer
Saúl Villarreal García Chief Financial Officer
Laura Diez Barroso Azcárraga Chairman
Juan Francisco Martínez Mira Director-Quality, Innovation & IT
Carlos Cárdenas Guzmán Independent Director