GlobeNewswire Inc | Mar 9, 2021 04:53PM EST

March 09, 2021

GUADALAJARA, Mexico, March 09, 2021 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacfico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (the Company or GAP) announced the following:

Pursuant to a resolution adopted by our Board of Directors on February 24, 2021, and in accordance with Articles 180, 181, 182 and other applicable articles of the General Law of Commercial Corporations and Article 35 of the Companys by-laws, Grupo Aeroportuario del Pacfico, S.A.B. de C.V. invites its shareholders to the General Ordinary and General Extraordinary Shareholders Meeting on April 27, 2021 at 12:00 and 1:00 pm, respectively, in Salon Midtown Ballroom 3, 3rd floor of the Hilton Hotel, located at Av. Lpez Mateos 2405-300, Col. Italia Providencia , Guadalajara, Jalisco, Mexico, to discuss the following:

ANNUAL GENERAL ORDINARY SHAREHOLDERS MEETING MEETING AGENDA

-- In compliance with Article 28, Section IV of the Mexican Securities Market Law, the following will be presented and, if applicable, submitted for approval:The Chief Executive Officers report regarding the results of operations for the fiscal year ended December 31, 2020, in accordance with Article 44, Section XI of the Mexican Securities Market Law and Article 172 of the General Law of Commercial Corporations, together with the external auditors report, with respect to the Company on an unconsolidated basis in accordance with Mexican Financial Reporting Standards (MFRS), as well as with respect to the Company and its subsidiaries on a consolidated basis in accordance with International Financial Reporting Standards (IFRS), each based on the Companys most recent financial statements under both standards, as well as the 2020 Sustainability Report.Board of Directors opinion to the Chief Executive Officers report.Board of Directors report in accordance with Article 172, clause b, of the General Law of Commercial Corporations, regarding the Companys main accounting policies and criteria, as well as the information used to prepare the Companys financial statements.Report on transactions and activities undertaken by the Companys Board of Directors during the fiscal year ended December 31, 2020, pursuant to the Mexican Securities Market Law. The annual report on the activities undertaken by the Audit and Corporate Practices Committee in accordance with Article 43 of the Mexican Securities Market Law, as well as the ratification of the actions of the various committees, and release from further obligations.Report on the Companys compliance with tax obligations for the fiscal year from January 1 to December 31, 2019, and an instruction to Company executives to comply with tax obligations corresponding to the fiscal year from January 1 and ended December 31, 2020, in accordance with Article 26, Section III of the Mexican Tax Code. -- As a result of the reports in Item I above, ratification of the actions of our Board of Directors and officers and release from further obligations in the fulfillment of their duties. -- Presentation, discussion and submission for approval of the Companys financial statements on an unconsolidated basis in accordance with MFRS for purposes of calculating legal reserves, net income, fiscal effects related to dividend payments and capital reduction, as applicable, and approval of the financial statements of the Company and its subsidiaries on a consolidated basis in accordance with IFRS for their publication to financial markets, with respect to our operations that took place during the fiscal year from January 1 to December 31, 2020; and approval of the external auditors report regarding the aforementioned financial statements. -- Proposal to approve from the Companys net income for the fiscal year ended December 31, 2020, reported in its unconsolidated financial statements in accordance with MFRS presented in agenda item III above, which was Ps.1,852,505,651.00 (ONE BILLION, EIGHT HUNDRED FIFTY-TWO MILLION, FIVE HUNDRED FIVE THOUSAND, SIX HUNDRED AND FIFTY-ONE PESOS 00/100 M.N.), the allocation of this amount towards increasing the Companys retained earnings account, as long as the level of the Companys legal reserve meets the legal requirements to which it is subject. -- Cancellation of any amounts outstanding under the share repurchase program approved at the General Ordinary Shareholders Meeting that took place on July 1, 2020, and approval of Ps. 3,000,000,000.00 (THREE BILLION PESOS 00/100 M.N.) as the maximum amount to be allocated toward the repurchase of the Companys shares or credit instruments that represent such shares for the 12-month period following April 27, 2021, in accordance with Article 56, Section IV of the Mexican Securities Market Law. -- The report regarding the designation or ratification of the four members of the Board of Directors and their respective alternates named by the Series BB shareholders. -- Ratification and/or designation of the person(s) that will serve as member(s) of the Companys Board of Directors, as designated by any holder or group of holders of Series B shares that owns, individually or collectively, 10% or more of the Companys capital stock. -- Ratification and/or designation of the persons that will serve as members of the Companys Board of Directors, as designated by the Series B shareholders. -- Ratification and/or designation of the Chairman of the Companys Board of Directors, in accordance with Article 16 of the Companys by-laws. -- Ratification of the compensation paid to the members of the Companys Board of Directors during the 2020 fiscal year and determination of the compensation to be paid in 2021. -- Ratification and/or designation of the member of our Board of Directors designated by the Series B shareholders to serve as a member of the Companys Nominations and Compensation Committee, in accordance with Article 28 of the Companys bylaws. -- Ratification and/or designation of the President of the Audit and Corporate Practices Committee. -- The report concerning compliance with Article 29 of the Companys by-laws regarding acquisitions of goods or services or contracting of projects or asset sales that are equal to or greater than US$ 3,000,000.00 (THREE MILLION U.S. DOLLARS), or its equivalent in Mexican pesos or other legal tender in circulation outside Mexico, or, if applicable, regarding transactions with relevant shareholders. -- Appointment and designation of special delegates to present before a public notary and present the resolutions adopted at this meeting for formalization. Adoption of the resolutions deemed necessary or convenient, in order to fulfill the decisions adopted in relation to the preceding agenda items.

EXTRAORDINARY SHAREHOLDERS MEETINGMEETING AGENDA

-- Proposal to approve the cancellation of 35,424,453 (THIRTY-FIVE MILLION FOUR HUNDRED TWENTY-FOUR THOUSAND, FOUR HUNDRED AND FIFTY-THREE) shares that are currently in treasury. -- Proposal to reduce the Companys shareholders equity by a total amount of up to Ps. 2,000,000,000.00 (TWO BILLION PESOS 00/100 M.N.), to be distributed among the outstanding shares at the time of payment, which will be made within the 12 (TWELVE) months following its approval. -- Make all the legal and corporate changes, as a result of the approvals of this Shareholders Meeting. -- Appointment and designation of special delegates to present before a public notary and present the resolutions adopted at this meeting for formalization. Adoption of the resolutions deemed necessary or convenient, in order to fulfill the decisions adopted in relation to the preceding agenda items.

Shareholders are reminded that in accordance with Article 36 of the Companys by-laws, only those shareholders registered in the Companys share registry as holders of one or more of the Companys shares will be admitted into the shareholders meetings, and they will be admitted only if they have obtained an admission card. The share registry will close three (3) business days prior to the date of this meeting.

In order to attend the meeting, at least one (1) business day prior to the meeting: (i) shareholders must deposit with the Company their stock certificates, shares or a receipt of deposit of shares from S.D. Indeval Institucin para el Depsito de Valores, S.A. de C.V. (Indeval) or from a local or foreign financial institution, and (ii) brokerage firms and other depositors at Indeval should present a listing containing the name, address, nationality and number of shares of the shareholders they will represent at the meeting. In exchange for these documents, the Company will issue, in accordance with the Companys bylaws, an admission card and/or the forms required under Article 49, Section III of the Mexican Securities Market Law in order to be represented. In order to attend the meeting, shareholders must present the admission card and/or the corresponding form.

Shares deposited in order to deserve admittance to these meetings will only be returned, via a voucher that will have been given to the shareholder or his/her representative.

Shareholders may be represented by proxy at the meetings by any person designated by a power of attorney signed before two witnesses or as otherwise authorized by law. However, with respect to the Companys capital stock traded on a stock exchange, the proxy or proxies may only verify their identities via Company forms. These will be available to all shareholders, including any stockbrokers, during the time period specified in Article 173 of the General Law of Commercial Corporations.

Following the publication of this announcement, all shareholders and their legal representatives will have free and immediate access to all information and documents related to each of the topics included in the meeting agendas, as well as all proxy forms that must be presented by persons representing shareholders. These documents will be available at the Companys offices located at Av. Mariano Otero #1249-B, 6th Floor, Col. Rinconada del Bosque, Guadalajara, Jalisco 44530 or at Arqumedes #19, 4th Floor, Col. Bosque de Chapultepec, C.P. 11580, Alcalda Miguel Hidalgo, Mexico City, Mexico 11580. Shareholders are invited to contact the Company should they have need for any additional information.

Company Description

Grupo Aeroportuario del Pacfico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexicos 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, GAPs 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 Concesiones 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 arestatements that are not historical facts, and are based on management?s currentview 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 thecompany, are intended to identify forward-looking statements. Statementsregarding the declaration or payment of dividends, the implementation ofprincipal operating and financing strategies and capital expenditure plans, thedirection of future operations and the factors or trends affecting financialcondition, liquidity or results of operations are examples of forward-lookingstatements. Such statements reflect the current views of management and aresubject to a number of risks and uncertainties. There is no guarantee that theexpected events, trends or results will actually occur. The statements arebased on many assumptions and factors, including general economic and marketconditions, industry conditions, and operating factors. Any changes in suchassumptions or factors could cause actual results to differ materially fromcurrent 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 00 47. The web site is www.lineadedenuncia.com/gap. GAPs Audit Committee will be notified of all complaints for immediate investigation.'

IR Contacts: Sal Villarreal, Chief Financial svillarreal@aeropuertosgap.com.mxOfficerAlejandra Soto, IR and Financial asoto@aeropuertosgap.com.mxPlanning ManagerGisela Murillo, Investor Relations gmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294Maria Barona, i-advize Corporate mbarona@i-advize.comCommunications