Ownership Breakdown

Pampa Energía’s issued capital stock amounts to 1,383,644,605 common shares of one peso of nominal value and one vote per share (1 ADR equals to 25 common shares). Moreover, the Shareholders’ Meeting of Pampa held on April 26, 2023, approved the capital stock reduction through the cancellation of 20,124,225 common treasury shares held by Pampa and its subsidiaries. This is in process of cancellation and, once implemented, Pampa Energía’s issued capital stock amounts to 1,363,520,380 common shares. For further information, see Buyback Programs.

As of May 9, 2023, Pampa’s outstanding capital stock amounts to 1,363,520,380 common shares or 54,540,815 ADRs equivalent4.

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 349.9 14.0 25.3% 25.7%
Free Float2
1,009.8 40.4 73.0% 74.1%
Shares in treasury3,4
20.1 0.8 1.5%
Employee stock-based compensation plan
3.9 0.2 0.3% 0.3%
Total issued capital4 1,383.6 55.3 100.0% 100.0%
Total outstanding capital5 1,363.5 54.5

Note: All figures have been subject to rounding, so totals may not sum. 1 The management holdings based on public information as of March 31, 2023, 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 9, 2023. 4 It includes 20,124,225 common shares / 804,969 ADRs in treasury, which cancellation has been approved by the Shareholders’ Meeting held on April 26, 2023 (in process of cancellation). 5 Net of shares in treasury.

Pampa’s Capital Stock Evolution
Ownership Breakdown as of March 31, 2023