Company: PAM
Filing Date: 2025-04-16
Form Type: 20-F
Source: 0001292814-25-001504
Chunk: 54

Company: Pampa Energy Inc.
Filing Date: 2025-04-16
Form: 20-F
Item: Item 7
Chunk 54
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Item 7.   Major Shareholders and Related Party Transactions
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Major Shareholders
 
On April 26, 2023, the extraordinary general meeting of shareholders approved a capital stock reduction through the cancellation of 20,124,225 common treasury shares of Pampa. Consequently, our capital stock decreased to 1,363,520,380 shares.
 J.P. Morgan informed us that, as of March 31, 2025, there were 23,128,549 outstanding ADSs. As of such date, there was one registered holder of our ADSs in the United States. Since certain of our ADSs are held by brokers or other nominees, the number of direct record holders in the United States may not be fully indicative of the number of direct beneficial owners in the United States of our ADSs, or of where the direct beneficial owners of such ADSs are resident. We have no information concerning holders with registered addresses in the United States that hold our shares, which are not represented by ADSs.

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Table of Contents
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  The table below sets forth information concerning the beneficial ownership of our common shares as of March 31, 2025:
 
   Name of Shareholder       Number of Shares   Percentage of our Capital Stock   Percentage of voting power
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Management - Control Group                                                                                  
Marcos Marcelo Mindlin            197,009,884                            14.45%                       14.45%
Gustavo Mariani                    38,378,992                             2.81%                        2.81%
Damián Miguel Mindlin              38,053,720                             2.79%                        2.79%
Ricardo Alejandro Torres           25,766,080                             1.89%                        1.89%
Other Major Shareholders                                                                                    
ANSES (¹)                         306,958,364                            22.51%                       22.51%
Hidden Lake S.A.                   69,139,594                             5.07%                        5.07%
 

Note: Our major shareholders do not have different voting rights.
 (1)       On November 20, 2008, the Argentine Congress passed a law unifying the Argentine pension and retirement system into a system publicly administered by the ANSES and eliminating the retirement savings system previously administered by private pension funds under the supervision of a governmental agency. In accordance with the new law, private pension funds transferred all of the assets administered by them under