SEC Form SC 13G/A filed by Pampa Energia S.A. Pampa Energia S.A. (Amendment)

This Amendment No. 5 (“Amendment No. 5”) amends and supplements the statement on Schedule 13G initially filed on September 5, 2019 by Braslyn Ltd. (“Braslyn”), Hidden Lake S.A. (“Hidden Lake”) and Joe Lewis (as amended prior to the date hereof, the “Original Filing”), as amended by Amendment No. 1 filed on February 14, 2020, Amendment No. 2 filed on July 7, 2020, Amendment No. 3 filed on February 16, 2021 and Amendment No. 4 filed on February 14, 2022 by Braslyn, Hidden  Lake, Shelton Ventures Inc. (“Shelton Ventures”), Burlington Ventures Ltd. (“Burlington”) and Joe Lewis (collectively, the “Reporting Persons”). The Original Filing remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment No. 5. Capitalized terms used and not defined in this Amendment No. 5 have the meanings set forth in the Original Filing.

Pampa Energia S.A. (Pampa Energy Inc.) (the “Issuer”)

Maipú 1
C1084ABA
City of Buenos Aires, Argentina

This Schedule 13G is jointly filed by Hidden Lake, Braslyn, Shelton Ventures, Burlington and Joe Lewis. Joe Lewis is the sole indirect beneficial owner of, and controls each of Hidden Lake, Braslyn, Shelton Ventures and Burlington.

The principal business address for Hidden Lake is Avenida del Libertador 602, Piso 3, CABA, Argentina. The principal business address for Braslyn, Shelton Ventures, Burlington and Joe Lewis is Cay House, EP Taylor Drive N7776, Lyford Cay, New Providence, Bahamas.

Hidden Lake is a company (sociedade anónima) organized under the laws of Argentina. Braslyn, Shelton Ventures and Burlington are companies organized under the laws of the Bahamas. Joe Lewis is a citizen of the United Kingdom.

Common Shares, par value Ps. 1.00 per share (the “Common Shares”) and American Depositary Shares (“ADSs”), each representing 25 Common Shares.

The CUSIP number for the ADSs is 69760207. No CUSIP number exists for the underlying Common Shares since such shares are not traded in the United States.

Not applicable.

CUSIP No.: 697660207 (American Depositary Shares)

13G

Page 8 of 10 Pages

(a)

Amount beneficially owned: Hidden Lake beneficially owns 72,139,594 Common Shares. Braslyn beneficially owns 19 Common Shares. Joe Lewis beneficially owns 72,139,613 Common Shares. Shelton Ventures and Burlington do not beneficially own any Common Shares. The Reporting Persons beneficially own 72,139,613 Common Shares.

(b)

Percent of class: The Common Shares beneficially owned by Hidden Lake and Joe Lewis represent 5.2% of the Issuer’s outstanding Common Shares. The Common Shares beneficially owned by Braslyn represent less than 0.1% of the Issuer’s outstanding Common Shares. The Reporting Persons may be deemed to beneficially own in the aggregate 5.2% of the Issuer’s outstanding Common Shares. All percentages are based on 1,383,644,605 Common Shares stated to be outstanding as of November 4, 2022 by the Issuer on its website.

(c)	Number of shares as to which such person has:

(i)	sole power to vote or to direct the vote: None of the Reporting Persons has the sole power to vote or to direct the vote of any Common Shares.

(ii)	shared power to vote or to direct the vote: Hidden Lake and Joe Lewis have shared power to vote or to direct the vote of the 72,139,594 Common Shares they beneficially own. Braslyn and Joe Lewis have shared power to vote or to direct the vote of the 19 Common Shares they beneficially own.

(iii)

sole power to dispose or to direct the disposition of: None of the Reporting Persons has the sole power to dispose or to direct the disposition of any Common Shares.

(iv)

shared power to dispose or to direct the disposition of: Hidden Lake and Joe Lewis have shared power to dispose or to direct the disposition of the 72,139,594 Common Shares they beneficially own. Braslyn and Joe Lewis have shared power to dispose or to direct the disposition of the 19 Common Shares they beneficially own.

With respect to Braslyn, Burlington and Shelton Ventures:

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

Not applicable.

Not applicable.

Not applicable.

CUSIP No.: 697660207 (American Depositary Shares)

13G

Page 9 of 10 Pages

Not applicable.

(c) 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, other than activities solely in connection with a nomination under § 240.14a-11.

Exhibits

CUSIP No.: 697660207 (American Depositary Shares)

13G

Page 10 of 10 Pages

Date:  February 14, 2023
	HIDDEN LAKE S.A.
	By:		/s/ Vera Hector Alejandro
	Name:		Vera Hector Alejandro
	Title:		Vice President
	BRASLYN LTD.
	By:		/s/ Jason C. Callender
	Name:		Jason C. Callender
	Title:		Director
	SHELTON VENTURES INC.
	By:		/s/ Jason C. Callender
	Name:		Jason C. Callender
	Title:		Director
	BURLINGTON VENTURES LTD.
	By:		/s/ Jason C. Callender
	Name:		Jason C. Callender
	Title:		Director
	JOSEPH C. LEWIS
	/s/ Joseph C. Lewis
	Joseph C. Lewis, Individually