Grupo Aeroportuario del Pacifico update on trading suspension on BMV and NYSE
03-Jun-2010 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) updates the market regarding the suspension of trading of its shares on The Mexican Stock Exchange, and as a result, on The New York Stock Exchange as of yesterday morning.
In a press release issued today by the Mexican Stock Exchange (BMV), the BMV announced that trading had been halted as per the requirements of the Mexican Securities and Exchange Commission (CNBV). The reasons given for this suspension were the following:
(1) The events that took place at the Company's general and extraordinary shareholders' meeting on April 27, 2010,
(2) The events contained in the Recent Events published via Emisnet on April 28, 29 and 30; May 17 and 20 and June 1, 2010, and
(3) In order to protect investors and avoid 'disorderly market conditions'.
The press release also mentioned "a possible 60-day or longer suspension" as per Mexican Corporate Law.
The Company is announcing the Resolutions of the General Ordinary and Extraordinary Shareholders' Meeting, which took place June 2, 2010 and will keep the market updated of any further developments. GAP is working to expeditiously resolve this issue in order to resume normal trading activities as soon as possible.