BUENOS AIRES, Argentina,
Nov. 25, 2016 /PRNewswire/
-- Pampa Energía S.A. ('Pampa'; NYSE: PAM; BCBA: PAMP)
announces the settlement of its concurrent offers:
- internationally, (i) to exchange outstanding American
Depositary Shares (the 'PESA ADSs') representing Class B shares
(the 'PESA Shares') of Petrobras Argentina S.A. ('Petrobras
Argentina') into American Depositary Shares (the 'Pampa ADSs')
representing common shares (the 'Pampa Shares') of Pampa (the
'International PESA ADS Exchange Offer'), (ii) to exchange
outstanding PESA Shares held by U.S. persons into Pampa Shares (the
'International PESA Share Exchange Offer') and (iii) to purchase
outstanding PESA Shares held by U.S. persons for Argentine pesos
(the 'International Cash Tender Offer' and, together with the
International PESA ADS Exchange Offer and the International PESA
Share Exchange Offer, the 'International Offers'); and
- in Argentina, (i) to exchange
outstanding PESA Shares into Pampa Shares (the 'Argentine Exchange
Offer' and, together with the International PESA ADS Exchange Offer
and the International PESA Share Exchange Offer, the 'Exchange
Offers') and (ii) to purchase PESA Shares for Argentine pesos (the
'Argentine Cash Tender Offer,' together with the International Cash
Tender Offer, the 'Cash Tender Offers,' and, together with the
Argentine Exchange Offer, the 'Argentine Offers').
The International Offers and the Argentine Offers (together, the
'Offers') expired on November 14,
2016. The International Offers were made pursuant to a
prospectus (the 'International Prospectus') contained in a
registration statement on Form F-4 filed with the U.S. Securities
and Exchange Commission (the 'SEC') on October 7, 2016. The Argentine Offers were made
pursuant to a prospectus (the 'Argentine Prospectus') dated
October 6, 2016 filed with the
Argentine Securities Commission (Comisión Nacional de
Valores, or the 'CNV').
Based on a final count by SBS Trading S.A., the agent for the
Argentine Offers, the International PESA Share Exchange Offer and
the International Cash Tender Offer, and The Bank of New York
Mellon, the agent for the International PESA ADS Exchange Offer,
the final results of the Offers are as follows:
Exchange Offers:
- Number of PESA Shares validly tendered and not withdrawn:
53,862,567PESA Shares
- Number of PESA ADSs validly tendered and not withdrawn:
21,388,145 PESA ADSs
Cash Tender Offers:
- Number of PESA Shares validly tendered and not withdrawn:
311,669,706 PESA Shares
All PESA Shares and PESA ADSs that were validly tendered and not
withdrawn were accepted for exchange or purchase, as applicable, in
accordance with the terms of the Offers and applicable law.
Based on these results, Pampa issued 28,294,006 Pampa Shares and
4,493,649 Pampa ADSs pursuant to the Exchange Offers and paid Ps.
3,233,105,695 pursuant to the Cash Tender Offers, in each case, net
of applicable Argentine withholding taxes.
As a result of the Offers, Pampa owns approximately 90.4% of all
outstanding PESA Shares (including PESA Shares underlying PESA
ADSs).
For further information, please contact:
Gustavo Mariani –
Vice-President and Co-Chief Executive Officer
Ricardo Torres –
Vice-President and Co-Chief Executive Officer
Mariano Batistella –
Planning, Strategy and Affiliates Executive Director
Lida Wang – Investor
Relations Officer
Maipú 1, (C1084ABA), Buenos Aires,
Argentina
Tel: +54 (11) 4344 6000
http://www.pampaenergia.com/ir
investor@pampaenergia.com
Important Additional Information for the International
Offers
This announcement is not an offering document and does not
constitute an offer to sell or the solicitation of an offer to buy
securities or a solicitation of any vote or approval. This
announcement is not for publication, release or distribution in or
into or from any jurisdiction where it would otherwise be
prohibited.
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SOURCE Pampa Energia S.A.