GM(GM) GlobeNewswire News Room·2025-04-25 01:18Core Points - Grupo Aeroportuario del Pacífico (GAP) held its Annual General Ordinary Shareholders' Meeting with a quorum of 88.5% and approved several key resolutions regarding financial statements, dividend payments, and board appointments [1][2][3]. Financial Resolutions - The financial statements for the fiscal year 2024 were approved on both unconsolidated and consolidated bases, adhering to MFRS and IFRS standards respectively [2]. - The net income for the fiscal year ended December 31, 2024, was reported at Ps. 8,279,790,417 (approximately 8.28 billion pesos), with the entire amount allocated to retained earnings without separating for legal reserves [3]. - A dividend of Ps. 16.84 per share was approved, to be paid from the retained earnings account totaling Ps. 18,864,285,272 (approximately 18.86 billion pesos), with payment expected within 12 months after April 24, 2025 [4]. Share Repurchase Program - The cancellation of outstanding amounts under the previous share repurchase program of Ps. 2,500,000,000 (2.5 billion pesos) was approved, along with a new allocation of the same amount for share repurchases in the upcoming 12-month period [5]. Board of Directors - The meeting ratified the appointments of four proprietary members and their alternates to the Board of Directors, including Laura Díez Barroso Azcárraga as Chairwoman [6][7]. - Compensation for the Board of Directors for the fiscal year 2024 was approved, along with the proposed compensation for 2025 [8]. Compliance and Reporting - The company reported compliance with regulations regarding significant transactions exceeding US$ 3,000,000 [10]. - Special delegates were approved to formalize the resolutions adopted at the meeting [11]. Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations, and has expanded its operations internationally [12].