Where are Pampa Energía’s shares traded?

The Company’s shares trade on the Buenos Aires Stock Exchange (known as ‘BYMA’ as per Bolsas y Mercados Argentinos) under the ticker ‘PAMP’ and are part of the MERVAL Index, being one of the stock with most volume in the Argentine market. Furthermore, the Company joined the first sustainability stock index (non-traded) which selected, based on the methodology sponsored by the IADB, 15 listed companies with the best performance in terms of environmental, social and corporate government. Pampa is also a founding member of the first special stock quote panel, known as +GC Panel, which selects listed companies having the best corporate governance practices. Finally, the Company is listed on Bloomberg’s gender-equality stock index (non-traded), in which Pampa is the only Argentine company and one of the four selected companies in the energy sector.

Pampa also holds an ADSs (American Depositary Shares) Level II’s program, which represent 25 shares of common stock each. The Company commenced the trading of its ADSs in the New York Stock Exchange (‘NYSE’) under the ticker ‘PAM’ on October 9, 2009. Moreover, Pampa is one of the companies on the MSCI Emerging Markets and Frontier Emerging Markets Index (USD).

What’s the outstanding number of shares of Pampa?

As of November 23, 2018, Pampa issued 1,899,870,264 common shares with a par value of one Argentine peso and one vote per share. However, in light of the Share Buyback Programs announced on April 27, 2018, June 22, 2018 and March 27, 2019, the outstanding capital net of repurchases as of October 18, 2019 amounts to 1,742,023,239 common shares. Moreover, the General Extraordinary Shareholders’ Meeting that took place on October 1, 2019, approved capital reduction by cancelling 151,997,025 treasury shares under the share buyback programs, subject to the registration before the Argentine Public Registry of Organizations. For more information, please see Ownership Breakdown section.

How can I buy shares of Pampa Energía?

To acquire ordinary shares of Pampa Energía, it is necessary to have an investment account of a brokerage house, which will be the intermediary to operate in the ByMA stock exchange. The banks provide the brokerage service, as well as specialized brokerage houses.

If you would like to acquire ADRs of Pampa Energía, it will be necessary to have an investment account permitted to trade in the United States.

How can I contact the investor relations area?

We can be reach at:

Pampa Energía S.A.

Gustavo Mariani
Chief Executive Officer

Ricardo Torres
Executive Vice-president

Mariano Batistella
Executive Director of Planning, Strategy, Downstream & Affiliates

Lida Wang
Investor Relations Officer

What is the dividend policy of Pampa?

Pampa has a dividend policy, a set of guidelines that balances between distributed amounts and the Company’s investment plans. The Company is under no obligation to distribute profits.

Since fiscal year 2011, Pampa Energía has not declared dividends. To know more about our dividend history, click here.

Which shareholders are subject to Argentine personal asset tax?

In accordance with the provisions of Argentine Personal Assets Tax Law No. 23,966 Pampa Energía is required to pay, as substitute taxpayer, the personal assets tax payable by all of the Company’s shareholders who are subject to the tax. This include all of Pampa Energía’s shareholders, except for Argentine companies (including AFJPs) and holders of ordinary shares from Switzerland, Chile and Spain, all of which are free of this tax.

In order to preserve the Company‘s equity and, mainly to afford an equitable treatment to all its shareholders, Pampa Energía implemented a mechanism considered to be an effective and efficient tool, which consisted in declaring the distribution of an early dividend to offset the amount of personal asset tax payable by Pampa to the Argentine Tax Authority (Administración Federal de Ingresos Públcos – AFIP), in its capacity as substitute taxpayer of such tax.

For more information, please refer to the section on Dividend History.