SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Amendment No. 3)*
Under the Securities Exchange Act of 1934
PACIFIC AIRPORT GROUP
(Name of Issuer)
GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V.
(Exact Name of Issuer as Specified in its Charter)
SERIES B SHARES
(Title of Class of Securities)
400506101
(CUSIP Number)
Daniel Muñiz Quintanilla
Chief Financial Officer
Grupo México, S.A.B. de C.V.
Campos Elíseos No. 400
Colonia Lomas de Chapultepec
México City, México 11000
011-5255-1103-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 11, 2010
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).
Page 1 of 6
| | | | | |
1 | | NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only) Grupo México, S.A.B. de C.V. 13-1808503 |
| | |
| | |
2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
| (a) o |
| (b) o |
| | |
3 | | SEC USE ONLY |
| |
| |
| | |
4 | | SOURCE OF FUNDS (SEE INSTRUCTIONS) |
| |
| WC |
| | |
5 | | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
| |
| o |
| | |
6 | | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| Mexico |
| | | |
| 7 | | SOLE VOTING POWER |
| | |
NUMBER OF | | 56,000,000 (See Item 5) |
| | | |
SHARES | 8 | | SHARED VOTING POWER |
BENEFICIALLY | | |
OWNED BY | | 9,652,900 (See Item 5) |
| | | |
EACH | 9 | | SOLE DISPOSITIVE POWER |
REPORTING | | |
PERSON | | 56,000,000 (See Item 5) |
| | | |
WITH | 10 | | SHARED DISPOSITIVE POWER |
| | |
| | 9,652,900 (See Item 5) |
| | |
11 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 65,652,900 (See Item 5) |
| | |
12 | | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| |
| o |
| | |
13 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| |
| 13.8% |
| | |
14 | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| |
| CO |
Page 2 of 6
This Amendment No. 3 is being filed by Grupo México, S.A.B. de C.V. (“Grupo México”) with respect to the Series B Shares, without par value (the “Shares”), of Pacific Airport Group (the “Issuer”), and it hereby amends the statement of beneficial ownership on Schedule 13D originally filed on July 9, 2010, as further amended July 12, 2010 and July 13, 2010 (collectively with this Amendment No. 3, the “Schedule 13D”). Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Schedule 13D.
Item 2. Identity and Background
Item 2 is hereby amended and restated as follows:
Grupo México is a holding company organized in Mexico, whose principal business consists of mining, railroad service, and infrastructure. Grupo México’s principal business address is Campos Elíseos No. 400, Colonia Lomas de Chapultepec, Mexico City, Mexico 11000.
The largest shareholder of Grupo México is Empresarios Industriales de Mexico, S.A. de C.V., a Mexican corporation (“EIM”). Mr. German Larrea is the Chairman of the Board and Chief Executive Officer of Grupo México and EIM. The Larrea family directly controls the majority of the capital stock of EIM and directly and indirectly controls a majority of the votes of the capital stock of Grupo México. Mr. German Larrea disclaims beneficial ownership of any shares of Grupo México other than the shares held directly by him (comprising approximately 15.0% of the outstanding shares of Grupo México).
Annex I hereto sets forth the name, business address, title, present principal occupation or employment and citizenship of each director and executive officer on the date hereof of Grupo México. The information set forth in Annex I hereto is incorporated herein by reference.
During the past five years, Grupo México has not, and, to the best of Grupo México’s knowledge, no person listed in Annex I hereto has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws, or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is hereby amended and supplemented by adding the following:
The source for the approximately $22,948,702.19 (reflects conversion into U.S. dollars based upon the peso / dollar exchange ratio at close on the applicable dates of purchase (as reported by Bloomberg L.P.)) used for the acquisition of the Shares and the ADSs as reported in Item 5 below was working capital of Infraestructura y Transportes México, S.A. de C.V. (“ITM”), Grupo México’s 75.0%-owned subsidiary.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and supplemented by adding the following:
Page 3 of 6
(a, b) Since and including July 13, 2010, ITM has acquired 7,302,900 Shares, as described in Item 5(c) below. As of the date hereof, Grupo México beneficially owns a total of 65,652,900 Shares, consisting of 56,000,000 Shares that Grupo México owns directly, and 9,652,900 Shares held by ITM. (References to “Shares” in this Item 5 include the Shares evidenced by ADSs beneficially owned by Grupo México). Such beneficial ownership represents approximately 11.7% and 2.0%, respectively, or 13.8% in the aggregate, of the total outstanding Shares, based on a total of 476,850,000 Shares outstanding as of December 31, 2009, as reported in the Issuer’s Form 20-F for the fiscal year ended December 31, 2009. Grupo México has the sole power to vote or direct the vote of the 56,000,000 Shares that it owns directly, and has shared power to vote or direct the vote of the 9,652,900 Shares held by ITM. Grupo México has the sole power to dispose or direct the disposition of the 56,000,000 Shares that it owns directly and has shared power to dispose or direct the disposition of the 9,652,900 Shares held by ITM. Grupo México’s beneficial ownership of 65,652,900 Shares represents 11.7% of the total outstanding Issuer Equity Shares, based on a total of 561,000,000 Issuer Equity Shares outstanding as of December 31, 2009, as reported in the Issuer’s Form 20-F for the fiscal year ended December 31, 2009. The bylaws of the Issuer provide that no holder of Shares may hold in excess of 10.0% of the total outstanding Issuer Equity Shares, or exercise voting rights with respect to such excess Shares. As a result, Grupo México may be required to dispose in the open market of 9,552,900 of its Shares in order to reduce its beneficial ownership of Issuer Equity Shares to 10.0% of the outstanding Issuer Equity Shares, and it does not have the ability to exercise voting rights with respect to such number of Shares.
(c) The table below sets forth the transactions in Shares since and including July 13, 2010 by ITM and Grupo México. Except as otherwise indicated in the table below, all such transactions were open market purchases by ITM of Shares on the Mexican Stock Exchange in Mexican pesos. The amounts reported in the “Weighted Average Price Per Share” column below reflect a weighted average price for the Shares purchased or sold on the particular day. Certain Shares were purchased in multiple transactions on one day, each at a price within the range of prices set forth in the “Range of Prices” column below. Grupo México undertakes to provide to the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased or sold, as applicable, within the range of prices set forth below.
| | | | | | | | | | | | |
| | | | | | Daily | | |
| | Number of | | Weighted Average | | Daily |
Date of | | Shares | | Price Per Share | | Range of Prices |
Transaction | | Purchased | | (U.S.$)* | | (U.S.$)* |
|
7/21/2010 | | | 23,000 | | | | 3.14 | ** | | | *** | |
7/22/2010 | | | 1,593,500 | | | | 3.16 | ** | | | 3.15-3.16 | |
7/29/2010 | | | 75,000 | | | | 3.22 | ** | | | 3.21-3.22 | |
7/30/2010 | | | 360,000 | | | | 3.23 | ** | | | 3.23-3.24 | |
8/3/2010 | | | 1,000,000 | | | | 3.35 | ** | | | 3.34-3.35 | |
8/4/2010 | | | 550,000 | | | | 3.26 | ** | | | 3.23-3.27 | |
8/5/2010 | | | 575,000 | | | | 3.21 | ** | | | 3.20-3.21 | |
8/6/2010 | | | 570,000 | | | | 3.15 | ** | | | 3.13-3.17 | |
8/11/2010 | | | 855,200 | | | | 3.00 | ** | | | 2.91-3.00 | |
8/12/2010 | | | 1,240,200 | | | | 3.00 | ** | | | 2.96-3.03 | |
8/12/2010 | | | 461,000 | **** | | | 2.97 | | | | 2.93-3.03 | |
| | |
* | | Prices do not include broker commissions. |
|
** | | Reported prices reflect conversion into U.S. dollars based upon the peso/dollar exchange ratio at close for such date (as reported by Bloomberg L.P.). |
|
*** | | Purchase effectuated in a single transaction. |
|
**** | | Open market purchases of ADSs on the NYSE in U.S. dollars. |
Page 4 of 6
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth herein is true, complete and correct.
Dated as of: August 12, 2010
| | | | |
| GRUPO MÉXICO, S.A.B. DE C.V. | |
| By: | /s/ Daniel Muñiz Quintanilla | |
| | Name: | Daniel Muñiz Quintanilla | |
| | Title: | Chief Financial Officer | |
|
Page 5 of 6
Annex I
GRUPO MÉXICO
Directors and Executive Officers
DIRECTORS AND EXECUTIVE OFFICERS OF GRUPO MÉXICO. The following table sets forth the name, principal business address, title and present principal occupation or employment of each director and executive officer of Grupo México. Each such person is a citizen of Mexico.
| | | | | | |
Name of Director | | | | | | Present Principal Occupation |
or Executive | | Business Address | | Title | | or Employment |
German Larrea Mota-Velasco | | 11811 North Tatum Blvd., Suite 2500 Phoenix, AZ 85028 | | Chairman of the Board and Chief Executive Officer | | Chairman of the Board and Chief Executive Officer of Grupo México |
| | | | | | |
Genaro Larrea Mota-Velasco | | 11811 North Tatum Blvd., Suite 2500 Phoenix, AZ 85028 | | Vice-President and Director | | Chairman of Corporación Scribe |
| | | | | | |
Alfredo Casar Perez | | Bosque de Ciruelos No. 99 11700 Mexico City | | Director | | Executive President of Ferrocarril Mexicano, S.A. de C.V. |
| | | | | | |
Oscar Gonzalez Rocha | | Av. Caminos del Inca 171 Lima, Peru | | Director | | Chief Executive Officer and President of Southern Copper Corporation |
| | | | | | |
Xavier Garcia de Quevedo Topete | | Campos Elíseos No. 400, Fl. 9 11000 Mexico City | | Director | | President of Minera México, S.A. de C.V. |
| | | | | | |
Emilio Carrillo Gamboa | | Plaza ScotiaBank, Blvd. Manuel Avila Camacho 1-609 11009 Mexico City | | Director | | Partner of Bufete Carillo, S.C. |
| | | | | | |
Fernando Ruiz Sahagun | | Vasco de Quiroga No. 2121, Fl. 4 01210 - Mexico, D. F. | | Director | | Counsel of Chevez, Ruiz, Zamarripa y Cía, S.C. |
| | | | | | |
Agustin Santamarina V. | | Campos Elíseos No. 345, Fl. 3 11560 Mexico City | | Director | | Counsel of Santamarina y Steta, S.C. |
| | | | | | |
Antonio Madero Bracho | | Monte Pelvoux No. 220, Fl. 8 11000 Mexico City | | Director | | Executive President of San Luis Corporacion, S.A. de C.V. |
| | | | | | |
Prudencio Lopez Martinez | | Vasco de Quiroga No. 2121, Fl. 2 01210 Mexico City | | Director | | President of Sanvica, S.A. de C.V. |
| | | | | | |
Jose Mendoza Fernandez | | Privada Juarez No. 43 04000 Mexico City | | Director | | Consultant and Former Chairman of the Board and Chief Executive Officer Bufete Industrial, S.A. de C.V. |
|
Valentín Diez Morodo | | Campos Elíseos No. 400, Fl. 10 11000 Mexico City | | Director | | Sales and Exports Vice-President of Grupo Modelo |
| | | | | | |
Claudio X. Gonzalez | | Jaime Balmes No. 8, Fl. 9 11510 Mexico City | | Director | | Chairman of the Board and General Director of Kimberly Clark de México, S.A. de C.V. |
| | | | | | |
Rolando Vega Saenz | | Paseo de los Tamarindos No. 60, Fl. 5 05120 Col. Bosques de las Lomas | | Director | | General Director of Seguros Atlas, S.C. |
| | | | | | |
Daniel Muñiz Quintanilla | | Campos Elíseos No. 400, Fl. 12 11000 Mexico City | | Chief Financial Officer | | Chief Financial Officer of Grupo México |
| | | | | | |
Alberto de la Parra Zavala | | Campos Elíseos No. 400, Fl. 12 11000 Mexico City | | Secretary and General Counsel | | General Counsel of Grupo México |
| | | | | | |
Juan Rebolledo | | Campos Elíseos No. 400, Fl. 12 11000 Mexico City | | Vice-President, International Relations | | Vice-President of Grupo México |
Page 6 of 6