ASUR provides information about stock tender offers

AIRLINE INDUSTRY INFORMATION-©1997-2007 M2 COMMUNICATIONS LTD Mexican airport operator Grupo Aeroportuario del Sureste SAB de CV (ASUR) (NYSE: ASR and BMV: ASUR) has been informed of the results of the concurrent tender offers in the United...


AIRLINE INDUSTRY INFORMATION-©1997-2007 M2 COMMUNICATIONS LTD

Mexican airport operator Grupo Aeroportuario del Sureste SAB de CV (ASUR) (NYSE: ASR and BMV: ASUR) has been informed of the results of the concurrent tender offers in the United States and Mexico.

The tender offers were made by Agrupacion Aeroportuaria Internacional II SA de CV (AAI II), a company indirectly owned and controlled by Fernando Chico Pardo, ASUR's chairman and chief executive officer, for ASUR's Series B shares, including shares in the form of American Depositary Shares (ADSs).

The airport operator has reportedly been advised by representatives of Chico Pardo that the total number of ADSs tendered and accepted for payment in the US offer was 2,992,688 ADSs, and that the total number of Series B shares tendered and accepted for payment in the Mexican offer was 7,762,515. These include 188,869 ADSs tendered pursuant to notices of guaranteed delivery. Each ADS represents 10 Series B shares of ASUR.

This means that a total of 12.56% of ASUR's outstanding capital stock was tendered and accepted for payment in the offers. The tendered securities include Series B shares and ADSs previously owned directly by Chico Pardo and by Copenhagen Airports A/S.

Additionally, in connection with the tender offers, Inversiones y Tecnicas Aeroportuarias SA de CV (ITA), ASUR's operating partner, announced that it has requested the conversion into Series B shares of 22,050,000 of ASUR's Series BB shares representing 7.35% of ASUR's capital stock total outstanding. These shares are to be transferred to Agrupacion Aeroportuaria Internacional SA de CV, which is an entity controlled by Chico Pardo, pursuant to a De-Merger Letter Agreement between Chico Pardo and ITA's other shareholder, Copenhagen Airports A/S.

ITA will retain ownership of 22,950,000 Series BB shares representing 7.65% of ASUR's total outstanding capital stock, while Chico Pardo will continue to own 51% of ITA and will beneficially own Series B shares representing 19.91% of ASUR's total outstanding capital stock.

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