ASUR Announces Resolutions Approved at the General Annual Ordinary Shareholders' Meeting Held on April 27, 2011

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Grupo Aeroportuario del Sureste, S.A.B. de C.V.

Apr 27, 2011, 04:10 ET

MEXICO CITY, April 27, 2011 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V.(NYSE: ASR; BMV: ASUR) (ASUR)  the first privatized airport group in Mexico and operator of Cancun Airport and eight others in the southeast of Mexico, announced that shareholders adopted the following resolutions and considered the following matters at the General Ordinary Shareholders' Meeting held in Mexico City on April 27, 2011:

General Annual Ordinary Meeting Summary of Resolutions

1. Approval of the report submitted by the Chief Executive Officer to the Board of Directors, accompanied by the independent auditor’s report, in connection with the operations and results of the Company during the fiscal year ended December 31, 2010, as well as the Board of Directors’ opinion of the content of such report.

2. Approval of the report submitted by the Board of Directors which contains the principal accounting and information policies and criteria followed in the preparation of the financial information of the Company. Furthermore, note was taken of the report submitted by the Board of Directors with respect to the transactions entered into with Related Persons, Relevant Shareholders or contracts exceeding US$2,000,000.00.

3. Note was taken that the report of the activities and operations in which the Board of Directors intervened, pursuant to article 28 IV (e) of the Securities Market Law, was not prepared because during the fiscal year ended December 31, 2010, the Board of Directors did not intervene in any activities or operations to be reported.

4. Approval of the audited individual and consolidated financial statements of the Company for the year ended December 31, 2010.

5. Approval of the report submitted by the Audit Committee of the Company with respect to its operations during the fiscal year ended December 31, 2010.

6. Approval of the activities of the Board of Directors during the year ended December 31, 2010.

7. Approval of the report on and the fulfillment of the tax obligations of the Company for the fiscal year ended December 31, 2009. Note was taken that the report for the year ended December 31, 2010 has not been issued yet and that it will be presented for approval at the first General Shareholders Meeting to be held after the report is issued.

8. Approval of an increase in the legal reserve of the Company by Ps. 63,757,139.00 (sixty three million seven hundred fifty-seven thousand one hundred thirty-nine pesos 00/100 Mexican legal tender). Accumulated net profits for the year ended December 31, 2010 amounted to Ps.1,709,135,867.23 (one thousand seven hundred and nine million one hundred thirty-five thousand eight hundred sixty seven pesos 23/100 Mexican legal tender).

9. Approval of the maximum amount that may be used by the Company to repurchase its own shares during the fiscal year 2011, pursuant to article 56 of the Securities Market Law, in the amount of Ps.744,738,198.00 (seven hundred forty four million seven hundred thirty-eight thousand one hundred ninety-eight pesos 00/100 Mexican legal tender).

10. Approval of (i) an ordinary dividend in cash from accumulated retained earnings in the amount of Ps.3.00 pesos (three pesos 00/100 Mexican legal tender) per share, which will be paid starting on May 17, 2011 in a single installment to each of the outstanding common Series “B” and “BB” shares representing the paid-in capital stock of the Company on such date and (ii) the taxes for which the Company is responsible with respect to the dividend payment.

The payment of the dividend shall be made through the variable income (Renta Variable) area of S.D. Indeval, S.A. de C.V., at its offices located at Paseo de la Reforma No. 255-3rd floor, Colonia Cuauhtemoc, 06500, Mexico City, Mexico, from Monday through Friday from 9:30 through 13:00 hours as of May 17, 2011.

11. Payment of the dividend shall be made against delivery of coupon “04” of the outstanding stock certificates in accordance with the terms notified to shareholders. The dividend payment notice shall be published no later than April 29, 2011 in a newspaper of general circulation.

12. Approval of Mr. Luis Chico Pardo as a member of the Board of Directors and Mr. Gabriel Mizrahi Zonana as an alternate member of the Board of Directors for the Series BB shares.  Approval of the resignation of Rasmus Christiansen y Mikael Sjorslev as member of the Board of Directors and alternate member of the Board of Directors representing the Series BB shares, and approval of Rasmus Christiansen as member of the Board of Directors representing the Series B shares.

13. Approval of the activities of the Board of Directors, Statutory Auditors, Secretary and Assistant Secretary during the year ended December 31, 2010, and release from any liability they might have incurred in the due execution of their position.

14. Ratification of Mr. Fernando Chico Pardo as President of the Board of Directors.

15. Ratification of all other members and alternate members of the Board of Directors. Mr. Rafael Robles Miaja and Ms. Ana Maria Poblanno Chanona were ratified as non-member Secretary and Assistant Secretary, respectively, to the Board of Directors.

16. Ratification of Messrs. Fernando Chico Pardo, Rasmus Christiansen and Roberto Servitje Sendra, as members of the Nomination and Compensation Committee.

17. Ratification of Mr. Ricardo Guajardo Touche as President of the Audit Committee.

18. Approval of the proposal made by the Nomination and Compensation Committee to pay the following compensation to the members of the management bodies of the Company:

  • Each member of the Board of Directors will receive US$4,000.00 (Four thousand dollars 00/100, U.S. legal tender), plus travel expenses, if any, per meeting attended.
  • Each member of the Nominations and Compensations Committee will receive US$ 4,000.00 (Four thousand dollars 00/100, U.S. legal tender), plus travel expenses, if any, per meeting attended.
  • Each member of the Audit Committee will receive US$6,000.00 (Six thousand dollars 00/100, U.S. legal tender), plus travel expenses, if any, per meeting attended.
  • Each member of the Operations Committee will receive US$4,000.00 (Four thousand dollars 00/100, U.S. legal tender), plus travel expenses, if any, per meeting attended.
  • Each member of the Acquisitions and Agreements Committee will receive US$1,500.00 (One thousand five hundred dollars 00/100, U.S. legal tender), plus travel expenses, if any, per meeting attended.

19. Special Delegates of the General Annual Ordinary Shareholders’ Meeting were appointed to appear before Notary Public to legalize the minutes of this meeting or undertake any other action necessary to formalize and give effect to the resolutions undertaken at this meeting.

About ASUR:

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. The Company is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares.

SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.