Ownership Breakdown

On February 1, 2021, the Argentine Public Registry of Organizations (‘IGJ’ or Inspección General de Justicia) registered Pampa’s capital stock reduction, approving the cancellation of 151,585,025 common shares, which was previously approved by the Shareholders’ Meeting held on April 7, 2020. Consequently, Pampa Energía’s issued capital stock amounts to 1,596,288,214 common shares of one peso of nominal value and one vote per share (1 ADR equals to 25 common shares).

Moreover, the Shareholders’ Meetings of Pampa held on December 10, 2020, and April 29, 2021, approved the capital stock reduction of 140,786,959 and 56,581,600 common treasury shares, respectively, held by Pampa and its subsidiaries. These reductions are in process of registration before the IGJ and, once approved, Pampa Energía’s issued capital stock amounts to 1,398,919,655 common shares. For further information, see Buyback Programs.

As of August 10, 2021, Pampa’s outstanding capital stock amounts to 1,387,628,630 common shares or 55,505,145 ADRs equivalent5.

The ownership of Pampa‘s shares is the following:

Holder Number of Shares,
in Million
Number of ADRs,
in Million
Share of Issued Capital,
in %
Share of Outstanding
Capital, in %
Management1 379.8 15.2 23.8% 27.4%
Free Float2
1,004.0 40.2 62.9% 72.4%
Shares in treasury3,4
208.7 8.3 13.1%
Employee stock-based compensation plan
3.9 0.2 0.2% 0.3%
Total issued capital4 1,596.3 63.9 100.0% 100.0%
Total outstanding capital5 1,387.6 55.5

Note: All figures have been subject to rounding, so totals may not sum. 1 The management holdings based on public information as of June 30, 2021, includes direct and indirect stakes of Messrs. Marcos Marcelo Mindlin, Damián Miguel Mindlin, Gustavo Mariani and Ricardo Alejandro Torres. 2 Listed in NYSE and BYMA. 3 Updated as of August 10, 2021. 4 It includes 197,358,559 common shares / 7,894,742 ADRs in treasury, which cancellation has been approved by the Shareholders’ Meetings held on December 10, 2020, and April 29, 2021, pending of regulatory clearance. 5 Net of shares acquired directly and indirectly in treasury.


Pampa’s Capital Stock Evolution