Ownership Breakdown

On May 7, 2020 the Argentine Public Registry of Organizations (‘IGJ’ or Inspección General de Justicia) registered Pampa’s capital stock reduction, approving the cancellation of 151,997,025 common shares, which was previously approved by the Shareholders’ Meeting held on October 1, 2019. Consequently, Pampa Energía’s capital stock amounts to 1,747,873,239 common shares of one peso of nominal value and one vote per share (1 ADR equivalent to 25 common shares).

Moreover, the Shareholders’ Meeting of Pampa held on April 7, 2020 approved the capital stock reduction of 151,585,025 common treasury shares, acquired under the share buyback programs. This reduction is in process of registration before the IGJ and, once approved, Pampa Energía’s issued capital stock amounts to 1,596,288,214 common shares.

Finally, as of August 11, 2020, Pampa’s outstanding capital stock net of repurchases amounts to 1,541,780,980 common shares or 61,671,239 ADRs equivalent.

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 Capital, Net of Repurchases,
in %
Management1 381.3 15.3 21.8% 24.7%
Free Float2
1,156.1 46.2 66.1% 75.0%
Repurchased shares in treasury3,4
206.1 8.2 11.8%
Employee stock-based compensation plan
4.3 0.2 0.2% 0.3%
Total issued capital4 1,747.9 69.9 100.0% 100.0%
Total outstanding capital5 1,541.8 61.7

Note: All figures have been subject to rounding, so figures shown as totals may not sum. 1 The management holdings based on public information as of March 31, 2020, 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 11, 2020. 4 It includes 151,585,025 common shares / 6,063,401 ADRs in treasury, which cancellation has been approved by the Shareholders’ Meeting held on April 7, 2020, pending of regulatory clearance. 5 Net of shares in treasury.