- Technical Assistance Agreement to Renew Automatically
- Members of the Board of Directors, Chairman of the Board, and Chairs of Board Committees Were Ratified
- Use of Up to Ps. 242 Million for Share Repurchases Was Approved
MONTERREY, Mexico, April 24, 2015 (GLOBE NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (Nasdaq: OMAB ) (BMV: OMA ), announced that its Annual Shareholders' Meeting, in ordinary and extraordinary sessions, yesterday approved, among other items, the proposal to pay shareholders a capital reduction of Ps. 1,200 million, or Ps. 3.00 per share, no later than May 31, 2015. In addition, the Technical Assistance and Technology Transfer Agreement (TAA) dated June 14, 2000 will be renewed automatically, as a result of not reaching the vote required for its non-renewal.
Principal resolutions of the Ordinary Shareholders' Meeting
The members of the board of directors, the chairman of the board, and the chairs of the board committees were ratified. The corporate governance bodies are made up as follows:
| BOARD OF DIRECTORS | ||
| Name | Position | |
| Diego Quintana Kawage (*) | Chairman and Director | |
| Alonso Quintana Kawage (*) | Director | |
| Laurent Galzy (*) | Director | |
| Jacques Follain (*) | Alternate Director for Mr. Galzy | |
| José Luis Guerrero Álvarez | Director | |
| Luis Fernando Zárate Rocha | Director | |
| Sergio Fernando Montaño León | Director | |
| Elsa Beatriz García Bojorges | Independent Director | |
| Alberto Felipe Mulás Alonso | Independent Director | |
| Luis Guillermo Zazueta Domínguez | Independent Director | |
| Ricardo Gutiérrez Muñoz | Independent Director | |
| Carlos Guzmán Bofill | Independent Director | |
| * Designated by the holders of Series BB shares | ||
| SECRETARY OF THE BOARD OF DIRECTORS | ||
| Name | Position | |
| Rodrigo Antonio Quintana Kawage | Secretary (non-voting) | |
| Alfredo Domínguez Sánchez | Prosecretary (non-voting) | |
| AUDIT COMMITTEE | ||
| Name | Position | |
| Elsa Beatriz García Bojorges | Chair / Independent Director | |
| Alberto Felipe Mulás Alonso | Independent Director | |
| Luis Guillermo Zazueta Domínguez | Independent Director | |
| CORPORATE PRACTICES, FINANCES, PLANNING AND SUSTAINABILITY COMMITTEE | ||
| Name | Position | |
| Alberto Felipe Mulás Alonso | Chair / Independent Director | |
| Ricardo Gutiérrez Muñoz | Independent Director | |
| Carlos Guzmán Bofill | Independent Director | |
In addition, the shareholders approved the use of up to Ps. 242 million for repurchases of the Company's Series B shares during 2015 and until the date of the Annual Shareholders' Meeting that approves the results for the year.
Principal resolutions of the Extraordinary Shareholders' Meeting
Approval was given to reduce the minimum fixed social capital of the Company by Ps. 1,200 million, or Ps. 3.00 per share, by means of a reimbursement of capital to shareholders to be paid in a single installment no later than May 31, 2015. This capital reduction will be made without reducing the number of shares.
With regard to the renewal or non-renewal of the TAA, the votes against the renewal did not reach the threshold established by the Company's bylaws, i.e., at least 51% of the Series B shares held by shareholders not related to the Strategic Partner. As a result, the TAA will remain in force and be renewed automatically effective June 14, 2015 for a period of five years. As a result of this vote, the Extraordinary Shareholders' Meeting did not take up Agenda Items III and IV, which would have been necessary only in the event of the non-renewal of the TAA.
A translation of the resolutions adopted by the Annual Ordinary and Extraordinary Shareholders' Meeting will be available in the investor relations section of OMA's webpage ( http://ir.oma.aero ) in the section "Information for Shareholders."
This press release may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These statements are only predictions based on our current expectations and projections about future events. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "target," or similar expressions. While OMA's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of OMA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed in our most recent annual report filed on Form 20-F under the caption "Risk Factors." OMA undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise.
About OMA
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA's airports serve Monterrey, Mexico's fourth largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA also operates a hotel and commercial areas inside Terminal 2 of the Mexico City airport. OMA employs over 1,000 persons in order to offer passengers and clients, airport and commercial services in facilities that comply with all applicable international safety, security standards, and ISO 9001:2008. OMA's strategic shareholder members are ICA, Mexico's largest engineering, procurement, and construction company, and Aéroports de Paris Management, subsidiary of Aéroports de Paris, the fourth largest European airports operator. OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, please visit us at:
- Website : http://www.oma.aero
- Twitter : http://twitter.com/OMAeropuertos
- Facebook: http://www.facebook.com/OMAeropuertos
OMA Headquarters: +52.81.8625.4300 Chief Financial Officer Jose Luis Guerrero Cortes Ext.308 Investor Relations in USA: Daniel Wilson / Zemi Communications +1.212.689.9560 Investor Relations in Mexico Vicsaly Torres / / +52 81 8625 4309 Emmanuel Camacho / / +52 81 8625 4308 Manuel Higinio de Leon / / +52 81 8625 4334
