GAP Marks a New Chapter with Strategic Approval
GUADALAJARA, Mexico, December 2025 — Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) has announced an important milestone during its recent Ordinary and Extraordinary General Shareholders’ Meeting. With an impressive quorum of 88.1% present, an overwhelming 96% of the votes cast supported the vital business combination involving Cross Border Xpress (CBX) and technical assistance services, enabling GAP to accelerate its growth trajectory.
Pivotal Approval for Merging Entities
The approved business combination involves the merger of several entities with GAP, including Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V. (AMP), a key strategic partner. This merger is expected to yield around 90 million net new shares, increasing GAP's outstanding shares to approximately 595 million. With this expansion, GAP aims to consolidate these entities, thereby enhancing its operational capabilities.
A Vision for Growth
This endorsement from shareholders is not merely a procedural victory; it represents a significant leap towards realizing GAP's transformative vision for the future. The leadership meticulously adhered to international governance standards throughout the proposal process. Notably, the transaction enjoyed robust support, showcasing the will of the "majority of the minority" stakeholders while providing comprehensive information to assist shareholders in making informed decisions.
Detailing the Company’s Reach and Expansion
Grupo Aeroportuario del Pacífico is instrumental in operating 12 airports situated in Mexico’s Pacific region. This includes major urban centers such as Guadalajara and Tijuana, plus vibrant tourist spots like Puerto Vallarta, Los Cabos, La Paz, and Manzanillo. The diverse portfolio underscores GAP's commitment to enhancing connectivity and bolstering regional development.
Strategic Acquisitions and Operations
In line with its growth strategy, GAP made a noteworthy acquisition in April 2015, securing 100% ownership of Desarrollo de Concessioner Aeroportuarias, S.L., which holds a significant stake in MBJ Airports Limited. This company is responsible for managing operations at Sangster International Airport in beautiful Montego Bay, Jamaica. Building on this momentum, GAP entered a concession agreement for managing Norman Manley International Airport in Kingston, Jamaica, transitioning control in October 2019.
Commitment to Ethical Practices
GAP remains steadfast in fostering a culture of transparency and accountability. As part of its compliance with the Sarbanes-Oxley Act and relevant Mexican laws, GAP has established a whistleblower program. This initiative encourages the anonymous reporting of any suspected misconduct via dedicated communication channels, ensuring prompt investigation by GAP’s Audit Committee.
Investor Relations Contacts
GAP maintains an open line of communication with investors to cultivate trust and transparency. For inquiries, investors may reach out to:
- Alejandra Soto, Investor Relations and Social Responsibility Officer: asoto@aeropuertosgap.com.mx
- Gisela Murillo, Investor Relations: gmurillo@aeropuertosgap.com.mx | +52 33 3880 1100 ext. 20294
Frequently Asked Questions
What is the significance of GAP's recent shareholder meeting?
The meeting resulted in the approval of a strategic business combination involving Cross Border Xpress, enhancing GAP's growth efforts.
How many shares will GAP issue as part of the merger?
GAP expects to issue approximately 90 million net new shares following the merger, raising the total outstanding shares to about 595 million.
What airports does Grupo Aeroportuario del Pacífico operate?
GAP operates 12 airports, including major cities and tourist destinations across Mexico's Pacific region.
How does GAP ensure corporate governance?
The company adheres to high international standards of corporate governance throughout its operations and transactions, as seen during the merger proposal.
Can investors contact GAP for inquiries?
Yes, GAP encourages investors to reach out through their dedicated contacts in investor relations.
