GUADALAJARA, Mexico, July 26, 2024 (GLOBE NEWSWIRE) — Grupo Aeroportuario del PacÃfico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (the Firm or GAP) pronounces that it has signed amendments to the Concession Settlement with the Airports Authority of Jamaica (AAJ) related to the Montego Bay and Kingston Airports, derived from the consequences suffered by the Concessionaires throughout the COVID-19 pandemic. The principle amendments had been the next:
Montego Bay Airport: The Concession Interval will expire thirty-one (31) years after the graduation date, in March 2034. This represents one further yr to the unique Concession Interval.
Kingston Airport: Concession Charge modifications from 62.01% of the Gross Revenues to 53.22%, from the Efficient Date, which is September 11, 2023. Accordingly, the quantities paid to the proprietor (AAJ) in extra from the Efficient Date shall be reimbursed to the Concessionaire as soon as the Extension of the Runway begins (the primary venture of the Capital Works), with the handover of the location to the contractor will being the set off. The good thing about this transformation shall be acknowledged retroactively in our Earnings Assertion of 2024.
Firm Description
Grupo Aeroportuario del PacÃfico, S.A.B. de C.V. (GAP) operates 12 airports all through Mexico’s Pacific area, together with the most important cities of Guadalajara and Tijuana, the 4 vacationer locations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and 6 different mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares had been listed on the New York Inventory Change below the ticker image PAC and on the Mexican Inventory Change below the ticker image GAP. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Restricted, an organization working Sangster Worldwide Airport in Montego Bay, Jamaica. In October 2018, GAP entered right into a concession settlement for the Norman Manley Worldwide Airport operation in Kingston, Jamaica, and took management of the operation in October 2019.
This press launch might include forward-looking statements. These statements are statements that aren’t historic information and are primarily based on administration’s present view and estimates of future financial circumstances, trade situations, firm efficiency, and monetary outcomes. The phrases anticipates, believes, estimates, expects, plans and comparable expressions, as they relate to the corporate, are supposed to establish forward-looking statements. Statements relating to the declaration or fee of dividends, the implementation of principal working and financing methods and capital expenditure plans, the course of future operations, and the elements or tendencies affecting monetary situation, liquidity, or outcomes of operations are examples of forward-looking statements. Such statements replicate the present views of administration and are topic to quite a lot of dangers and uncertainties. There isn’t a assure that the anticipated occasions, tendencies, or outcomes will happen. The statements are primarily based on many assumptions and elements, together with normal financial and market situations, trade situations, and working elements. Any modifications in such assumptions or elements might trigger precise outcomes to vary materially from present expectations.
In accordance with Part 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the Ley del Mercado de Valores, GAP has applied a whistleblower program, which permits complainants to anonymously and confidentially report suspected actions that contain legal conduct or violations. The phone quantity in Mexico, facilitated by a 3rd social gathering chargeable for amassing these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The web site is www.lineadedenunciagap.com or by electronic mail at denuncia@lineadedenunciagap.com. GAP’s Audit Committee shall be notified of all complaints for instant investigation.
| Alejandra Soto, Investor Relations and Social Duty Officer | asoto@aeropuertosgap.com.mx |
| Gisela Murillo, Investor Relations | gmurillo@aeropuertosgap.com.mx/+52 33 3880 1100 ext. 20294 |
Fb (NASDAQ:): AeropuertosGAP
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Supply: Grupo Aeroportuario del PacÃfico, S.A.B. de C.V.
