Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAP B) commences an Equity Buyback Plan for MXN 1,550 million worth of its shares, under the authorization approved on July 1, 2020.
April 22, 2021 at 05:30 pm EDT
Share
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAP B) commences share repurchases on March 1, 2021, under the program mandated by the shareholders in the Ordinary General Meeting held on July 1, 2020. As per the mandate, the company is authorized to repurchase up to MXN 1,550 million worth of its shares. The repurchase authorization will be valid for 12 months.
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company's segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies. The Other Companies segment includes Servicios a la Infraestructura Aeroportuaria del Pacifico, S.A. de C.V. (SIAP), a company that provides technical assistance and professional services; Corporativo de Servicios Aeroportuarios, S.A. de C.V. (CORSA), a company that provides operative services specialized in aeronautical industry; Puerta Cero Parking, S.A. de C.V. (PCP), a company that manages the parking lot operation; Fundacion Grupo Aeroportuario del Pacifico, A.C., and Desarrollo de Concesiones Aeroportuarias, S.L. (DCA), as well as the Company's own operation.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV: GAP B) commences an Equity Buyback Plan for MXN 1,550 million worth of its shares, under the authorization approved on July 1, 2020.
GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V. 
