By Business Wirevia The Motley Fool
Filed under: Investing
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Informs
GUADALAJARA, Mexico–(BUSINESS WIRE)– Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP“) informs that it has been notified that, in the protection proceeding by which the Company had appealed a intermediate decision in the lawsuit filed by Grupo México, S.A.B. de C.V. (“Grupo México”) seeking the declaration of invalidity of the Company’s bylaws, and by virtue of the application of certain federal precedents regarding such protection proceedings, the court granted GAP‘s petition for a suspension of the intermediate court’s decision that had declared invalid Articles X and XII of the Company’s bylaws. The court’s decision of suspension confirms that which is set forth in Article 1343 of the Commercial Code, namely that the lower courts’ decisions at the trial and intermediate level are not carried out until all ordinary and extraordinary measures of redress by GAP have been exhausted.
As a result of this decision, GAP confirms that Articles X and XII of its bylaws remain valid and binding, and, consequently, GAP‘s shareholders are required to adhere to them.
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, 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 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.
From: http://www.dailyfinance.com/2013/04/11/grupo-aeroportuario-del-pacifico-sab-de-cv-informs/
