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 issued capital stock amounts to 1,747,873,239 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 April 7 and December 10, 2020, and April 29, 2021, approved the capital stock reduction of 151,585,025, 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.
The following chart shows Pampa’s capital stock evolution:
Note: As of May 11, 2021. Amounts in million common shares. The treasury shares include 348,953,584 common shares / 13,958,143 ADRs in treasury, which cancellation has been approved by the Shareholders’ Meetings held on April 7 and December 10, 2020, and April 29, 2021, pending of regulatory clearance.
As of May 11, 2021, Pampa’s outstanding capital stock amounts to 1,392,105,930 common shares or 55,684,237 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 | 381.5 | 15.3 | 21.8% | 27.4% |
| Free Float2 |
1,006.7 | 40.3 | 57.6% | 72.3% |
| Shares in treasury3,4 |
355.8 | 14.2 | 20.4% | – |
| Employee stock-based compensation plan |
3.9 | 0.2 | 0.2% | 0.3% |
| Total issued capital4 | 1,747.9 | 69.9 | 100.0% | 100.0% |
| Total outstanding capital5 | 1,392.1 | 55.7 |
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, 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 May 11, 2021. 4 It includes 348,953,584 common shares / 13,958,143 ADRs in treasury, which cancellation has been approved by the Shareholders’ Meetings held on April 7 and December 10, 2020, and April 29, 2021, pending of regulatory clearance. 5 Net of shares acquired directly and indirectly in treasury.