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

(GAP B)
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Grupo Aeroportuario del Pacifico Informs of the Resignation of a Member of Its Board of Directors

11/08/2021 | 07:19pm EST

GUADALAJARA, Mexico, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) informs that on November 5th, it received notification of the resignation of Alfredo de Jesús Casar Pérez, a representative of the Company’s Series "B" shareholders, from the Company’s Board of Directors.

In accordance with the Company’s bylaws, the Nominations and Compensation Committee will begin the process to find a provisional replacement. The Committee must propose a replacement and submit the proposal for the approval of the Board of Directors, and, subsequently, for approval at the General Shareholders’ Meeting.

The Company will notify the market in a timely manner of the name and experience of the proposed new director to represent the Company’s Series “B” shareholders.

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 statements that 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 condition, 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 June 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. GAP’s Audit Committee will be notified of all complaints for immediate investigation.


IR Contacts: 
Saúl Villarreal, Chief Financial Officersvillarreal@aeropuertosgap.com.mx
Alejandra Soto, IRO and Financial Planning Managerasoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relationsgmurillo@aeropuertosgap.com.mx / +52-33-3880-1100 ext. 20294

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Financials
Sales 2021 20 329 M 978 M 978 M
Net income 2021 5 630 M 271 M 271 M
Net Debt 2021 13 776 M 663 M 663 M
P/E ratio 2021 25,1x
Yield 2021 3,55%
Capitalization 139 B 6 645 M 6 665 M
EV / Sales 2021 7,50x
EV / Sales 2022 6,74x
Nbr of Employees 1 756
Free-Float 71,5%
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Mean consensus HOLD
Number of Analysts 14
Last Close Price 270,53 MXN
Average target price 281,17 MXN
Spread / Average Target 3,93%
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Managers and Directors
Raul Revuelta Musalem Chief Financial & Commercial Officer
Saúl Villarreal García Chief Financial Officer
Alejandra Soto Finance Director & Investor Relations Officer
Laura Diez Barroso Azcárraga Chairman
Juan Francisco Martínez Mira Manager-Operational Systems