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6-K Filing
Pampa Energía (PAM) 6-KPAM20180326_6K
Filed: 27 Mar 18, 12:00am
(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.)
Yes ______ No ___X___
Buenos Aires, March 26, 2018.
COMISIÓN NACIONAL DE VALORES
BOLSAS Y MERCADOS ARGENTINOS S.A.
Ref.: Relevant Event. Report on Repurchase of Shares.
Dear Sirs,
I am writing to you to inform you, in my capacity as Head of Market Relations of Pampa Energía S.A. (the “Company”), in addition to the Relevant Events published on March 20th, 21st and 23rd, 2018, as to update the shares acquired in the process to repurchase its own shares that will be destined for the implementation of a Share Compensation Plan, in accordance with art. 64 of Law 26.831 and the National Securities Commission (“Comisión Nacional de Valores”) regulation and the terms and conditions approved by the Board of Directors on its meeting held on March 8, 2018 as informed to the market on the Relevant Event published on that same date.
We inform that, on the Relevant Event published on March 23rd, 2018 due to a mistake we informed that the Company had acquired“400,000 of its own ordinary shares, with a nominal value of AR$1 each, and one vote per share”but the Company had acquired 40.000 instead. Due to this mistake on the Relevant Event dated March 23rd, 2018 where it says 400.000 it should say 40.000 of its own ordinary shares, with a nominal value of AR$1 each, and one vote per share, for an amount of AR$ 1,983,960.
To this regard, I inform that today the Company has acquired 234,750 of its own ordinary shares, with a nominal value of AR$1 each, and one vote per share; and 16,000 ADRs (each representative of 25 ordinary shares of the Company) in the amount and at a price per share and ADR that is described below:
Date of Acquisition | Amount of Shares | Price AR$ | Total Amount - AR$ | Broker |
Mar-26-18 | 234,750 | 49.74740 | 11,678,202 | SBS Trading S.A. |
Date of Acquisition | Amount of ADRs | Price US$ | Total Amount - US$ | Broker |
Mar-26-18 | 16,000 | 61.784200 | 988,547 | SBS Trading S.A. |
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Due to the above mentioned, we inform that today the Company has reached the maximum amount authorized by the Board of Directors for the process to repurchase its own shares. In consequence, we inform to the market that the process has ended.
Sincerely.
________________________________
María Agustina Montes
Head of Market Relations
Pampa Energía S.A. | ||
By: | /s/ Marcos Marcelo Mindlin | |
Name: Marcos Marcelo Mindlin Title: Chief Executive Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.