New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 9, 2013
09:54 EDTPACGAP Airports reaffirms provisional injunction on irregularly called meeting
Grupo Aeroportuario del Pacífico reports that in respect to the extraordinary shareholders’ meeting called by one of GAP’s shareholders for December 3 and announced in a Mexico City newspaper, in light of the many irregularities affecting the meeting, as mentioned in prior press releases, GAP obtained a provisional injunction, which currently remains in effect. The company said: "From the date it was issued, the judicial order forbade the aforementioned extraordinary shareholders’ meeting and any act in furtherance of the meeting from taking place. Furthermore, the meeting convocation notice was cancelled and the meeting itself was revoked. Despite the above, several media outlets have stated that the shareholders’ meeting was held on December 3, 2013 and that certain resolutions were adopted. Because the preliminary injunction contained in the judicial order was on the day of the meeting, and continues to be, in effect, the Company does not recognize either the holding of said meeting or any resolutions that may have been adopted at the meeting to be valid. GAP, in representation of all of its shareholders, will continue defending its by-laws and taking all appropriate legal actions. The Company wishes to reiterate that the termination of the Technical Assistance and Technology Exchange Contract would not cause an increase in the Company’s profitability, net income or the dividend distribution, equivalent to the amount paid to Aeropuertos Mexicanos del Pacífico, for the services currently included in CATTT."
News For PAC From The Last 14 Days
Check below for free stories on PAC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 8, 2014
17:00 EDTPACGAP Airports reports March total terminal passengers up 7.6% YoY
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use