Sec Form 13G Filing - PointState Capital LP filing for PAMPA ENERGIA S.A. (PAM) - 2020-02-13

 

☐

Rule 13d-1(b)

 

☒

Rule 13d-1(c)

 

☐

Rule 13d-1(d)

CUSIP No. 697660207

SCHEDULE 13G

Page 2 of 8

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

PointState Capital LP

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)  ☐

(b)  ☒

3

SEC USE ONLY

 

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

42,492,650  Common Shares.

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

42,492,650  Common Shares.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

42,492,650  Common Shares.

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.6%

 

12

TYPE OF REPORTING PERSON

 

PN, IA

 

CUSIP No. 697660207

SCHEDULE 13G

Page 3 of 8

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Zachary J. Schreiber

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)  ☐

(b)  ☒

3

SEC USE ONLY

 

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

42,492,650  Common Shares.

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

42,492,650  Common Shares.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

42,492,650  Common Shares.

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.6%

 

12

TYPE OF REPORTING PERSON

 

IN

 

CUSIP No. 697660207

SCHEDULE 13G

Page 4 of 8

Item 1(a)

Name of Issuer:

 

 

 

The name of the issuer is Pampa Energía S.A., a sociedad anónima organized under the laws of the Republic of Argentina (the “Company”).

 

 

Item 1(b)

Address of Issuer's Principal Executive Offices:

 

 

 

The Company’s principal executive offices are located at Maipú 1, C1084ABA, City of Buenos Aires, Argentina.

 

 

Item 2(a)

Name of Person Filing:

 

 

 

This statement is filed by:

 

(i) PointState Capital LP, a Delaware limited partnership (“PointState”), which is managing member of PointState Argentum LLC, a Delaware limited liability company and investment manager to PointArgentum Master Fund LP, a Cayman Islands exempted limited partnership (“PointArgentum”); and

 

(ii) Zachary J. Schreiber (“Mr. Schreiber”), the managing member of (1) PointState Capital GP LLC, a Delaware limited liability company (“PointState GP”) and the general partner of PointState, and (2) PointState Holdings LLC, a Delaware limited liability company (“PointState Holdings”) and the managing member of PointArgentum Holdings LLC, a Delaware limited liability company and the general  partner of PointArgentum. PointState and Mr. Schreiber are hereinafter sometimes collectively referred to as the “Reporting  Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

 

 

Item 2(b)

Address or Principal Business Office:

 

 

 

The address of the business office of each of the Reporting Persons is care of PointState Capital LP, 40 West 57th Street, 25th Floor, New York, NY 10019.

 

 

Item 2(c)

Citizenship:

 

 

 

PointState is organized under the laws of the State of Delaware.  Mr. Schreiber is a citizen of the United States of America.

 

 

Item 2(d)

Title of Class of Securities:

 

 

 

Common stock, par value Ps. 1.00 per share (the “Common Shares”).

CUSIP No. 697660207

SCHEDULE 13G

Page 5 of 8

Item 2(e)

CUSIP Number:

 

 

 

697660207

 

 

Item 3

If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

 

(a)

☐

Broker or dealer registered under Section 15 of the Act,

 

 

 

 

 

(b)

☐

Bank as defined in Section 3(a)(6) of the Act,

 

 

 

 

 

(c)

☐

Insurance Company as defined in Section 3(a)(19) of the Act,

 

 

 

 

 

(d)

☐

Investment Company registered under Section 8 of the Investment Company Act of 1940,

 

 

 

 

 

(e)

☐

Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E),

 

 

 

 

 

(f)

☐

Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F),

 

 

 

 

 

(g)

☐

Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G),

 

 

 

 

 

(h)

☐

Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,

 

 

 

 

 

(i)

☐

Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940,

 

 

 

 

 

(j)

☐

Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

If this statement is filed pursuant to Rule 13d-1(c), check this box:  ☒

 

 

CUSIP No. 697660207

SCHEDULE 13G

Page 6 of 8

Item 4

Ownership:

 

 

 

All calculations of percentage ownership herein are based on a total of 1,664,597,314 Common Shares issued and outstanding as of February 11, 2020, based upon disclosures on the Company’s website and in the Company's SEC filings as of such date.

 

A.

 

 

 

 

 

 

(a) Amount beneficially owned: 42,492,650  Common Shares.

 

 

 

 

 

 

(b) Percent of class: 2.6%

 

 

 

 

 

 

(c)

(i) Sole power to vote or direct the vote: -0-

 

 

 

 

 

 

 

(ii) Shared power to vote or direct the vote: 42,492,650  Common Shares.

 

 

 

 

 

 

 

(iii) Sole power to dispose or direct the disposition: -0-

 

 

 

 

 

 

 

(iv) Shared power to dispose or direct the disposition: 42,492,650  Common Shares.

 

 

 

 

 

B.

 

 

 

 

 

 

(a) Amount beneficially owned: 42,492,650  Common Shares.

 

 

 

 

 

 

(b) Percent of class: 2.6%

 

 

 

 

 

 

(c)

(i) Sole power to vote or direct the vote: -0-

 

 

 

 

 

 

 

(ii) Shared power to vote or direct the vote: 42,492,650  Common Shares.

 

 

 

 

 

 

 

(iii) Sole power to dispose or direct the disposition: -0-

 

 

 

 

 

 

 

(iv) Shared power to dispose or direct the disposition: 42,492,650  Common Shares.

 

(i) PointState, the managing member of PointState Argentum LLC, which is the investment manager of PointArgentum; and (ii) Mr. Schreiber, who serves as managing member of PointState GP and PointState Holdings LLC, may, within the meaning of Section 13(d) of the Securities Exchange Act of 1934 and the rules and regulations thereunder, be deemed to beneficially own the Common Shares (and/or ADSs) held directly or indirectly by PointArgentum.

CUSIP No. 697660207

SCHEDULE 13G

Page 7 of 8

Item 5

Ownership of Five Percent or Less of a Class:

 

 

 

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.

Item 6

Ownership of More than Five Percent on Behalf of Another Person:

 

 

 

Other than as set forth herein, no other person is known to have the right to receive or the power to direct the receipt of the dividends from, or proceeds from the sale of, the securities reported in this Schedule 13G.

 

 

Item 7

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:

 

 

 

Not Applicable.

 

 

Item 8

Identification and Classification of Members of the Group:

 

 

 

See Item 2.

 

 

Item 9

Notice of Dissolution of Group:

 

 

 

Not Applicable.

 

 

Item 10

Certification:

 

 

 

Each of the Reporting Persons hereby makes the following certification:

 

 

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP No. 697660207

SCHEDULE 13G

Page 8 of 8

By:

/s/ Zachary J. Schreiber

 

Name:

Zachary J. Schreiber