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OMA Shareholders' Meeting Approves Ps. 1,200 Million Capital Reduction and Use of up to Ps. 374 Million for Share Repurchases
(GlobeNewswire Via Acquire Media NewsEdge) Members of the board of directors, chairman of the board, and chairs of board committees also ratified
MONTERREY, Mexico, April 10, 2014 (GLOBE NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (Nasdaq:OMAB) (BMV:OMAB.MX), announced that its Shareholders' Meeting, in annual ordinary and extraordinary session, today approved the proposal to pay shareholders a capital reduction of Ps. 1,200 million, and use of resources of up to Ps. 374 million for share repurchases, among other decisions. The Shareholders' Meeting also ratified the members of the Board of Directors.
The Ps. 1,200 million capital reimbursement to shareholders (Ps. 3.00 per share) will be paid in four installments: Ps. 400 million (Ps. 1.00 per share) no later than May 30, 2014; Ps. 300 million (Ps. 0.75 per share) no later than July 31, 2014; Ps. 300 million (Ps. 0.75 per share) no later than September 30, 2014; and Ps. 200 million (Ps. 0.50 per share) no later than November 30, 2014.
Up to Ps. 374 million was allocated for the repurchase of Series B shares during 2014, and until a shareholders' meeting approves the results of the period.
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:
NamePosition
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 DIRECTORSNamePosition
Rodrigo Antonio Quintana Kawage
Secretary (non-voting)
Alfredo Domínguez Sánchez
Prosecretary (non-voting)
AUDIT COMMITTEENamePosition
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 COMMITTEENamePosition
Alberto Felipe Mulás Alonso
Chair / Independent Director
Ricardo Gutiérrez Muñoz
Independent Director
Carlos Guzmán Bofill
Independent Director
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 information and expectations and projections about future events. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "target," "estimate," 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 third largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA also operates a hotel 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 second largest European airports operator. OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, visit
Webpage http://ir.oma.aeroTwitter http://twitter.com/OMAeropuertosFacebook https://www.facebook.com/OMAeropuertosCONTACT: Jose Luis Guerrero Cortes
OMA, CFO
+52.81.8625.4300 ext.308
jlguerrero@oma.aero
Daniel Wilson
Zemi Communications
+1.212.689.9560
dbmwilson@zemi.com
Source: Grupo Aeroportuario del Centro Norte S.A.B. de C.V.
2014 GlobeNewswire, Inc.
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