Ownership Breakdown

Pampa Energía‘s issued stock capital consists of 1,899,870,264 common shares of one peso of nominal value and one vote per share (1 ADR equivalent to 25 ordinary shares). 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 368.3 14.7 19.4% 19.8%
Free Float2 1,486.2 59.4 78.2% 79.9%
Share buyback program3
40.4 1.6 2.1%
Employee stock-based compensation plan
5.0 0.2 0.3% 0.3%
Total Issued Capital
1,899.9 76.0 100% 100%
Total Outstanding Capital4 1,859.5 74.4

Note: All figures have been subject to rounding, so figures shown as totals may not sum. 1 The management holdings as of December 2018, 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 April 17, 2019. 4 Net of shares buyback programs announced on April 27, June 22, 2018 and March 27, 2019.