Grupo Aeroportuario del Pacifico Announces Amendments to the Concession Agreement of Jamaican Airports

Company Overview - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, as well as tourist destinations such as Puerto Vallarta and Los Cabos [6] - GAP's shares are listed on the New York Stock Exchange under the ticker symbol "PAC" and on the Mexican Stock Exchange under "GAP" [6] - In April 2015, GAP acquired a 100% stake in Desarrollo de Concessioner Aeroportuarias, S.L., which operates Sangster International Airport in Montego Bay, Jamaica [6] Recent Developments - GAP signed amendments to the Concession Agreement with the Airports Authority of Jamaica (AAJ) for Montego Bay and Kingston Airports due to impacts from the COVID-19 pandemic [4] - The concession fee for Kingston Airport has been reduced from 62.01% of Gross Revenues to 53.22%, effective September 11, 2023 [4] - Any excess amounts paid to AAJ will be reimbursed to the Concessionaire once the runway extension project begins, with the benefit recognized retroactively in the 2024 Income Statement [4] Regulatory Compliance - GAP has implemented a "whistleblower" program in accordance with the Sarbanes-Oxley Act of 2002, allowing anonymous reporting of suspected criminal conduct or violations [3]