SC 13D 1 edn20131211_13d.htm SCHEDULE 13D edn20131211_13d.htm - Generated by SEC Publisher for SEC Filing  

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934

(Amendment No. 5)

Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR)
(Distribution and Marketing Company of the North)

(Name of Issuer)

American Depositary Shares (“ADSs”), each representing 20 Class B Shares (“Class B Shares”)

(Title of Class of Securities)

N/A

(CUSIP Number)

Romina Benvenuti
Ortiz de Ocampo 3302
Building #4
C1425DSR
Buenos Aires
Argentina
Tel: +54 11 4809 9500

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 5, 2012

(Date of Event which Requires Filing of this Statement)

 

If the Reporting Person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d -1(e), 240.13d -1(f) or 240.13d -1(g), check the following box. 

Note.    Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d -7 for other parties to whom copies are to be sent.

The remainder of this cover page shall be filled out for a Reporting Person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

 

 


 
 

 

 

 

1

NAMES OF REPORTING PERSONS

Pampa Inversiones S.A.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) 

(b)

¨

¨

3

 SEC USE ONLY

4

SOURCE OF FUNDS

WC

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

     ¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Uruguay

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

20,957,800

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

20,957,800

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

20,957,800

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

  ¨

  

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

4.7%

14

TYPE OF REPORTING PERSON

HC - CO

                   

 
 

1

NAMES OF REPORTING PERSONS

Pampa Energía S.A. (Pampa Energy Inc.)

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) 

(b)

¨

¨

3

 SEC USE ONLY

4

SOURCE OF FUNDS (see instructions)

AF

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Argentina

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

20,957,800

8

SHARED VOTING POWER

-0-

9

SOLE DISPOSITIVE POWER

20,957,800

10

SHARED DISPOSITIVE POWER

-0-

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

20,957,800

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

  ¨

  

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

4.7%

14

TYPE OF REPORTING PERSON

HC - CO

                 

 

 


 
 

 

This Amendment No. 5 amends and supplements the Schedule 13D filed by Pampa Inversiones S.A. (“PISA”) and Pampa Energía S.A. (“Pampa Energía” and, together with PISA, the “Reporting Persons”) with the Securities and Exchange Commission (the “SEC”) on November 22, 2010 (dated as of September 28, 2010), as amended by the Schedule 13D Amendment No. 1 filed with the SEC on November 5, 2010, Amendment No.2 filed with the SEC on December 10, 2010, Amendment No. 3 filed with the SEC on October 23, 2013 and Amendment No. 4 filed with the SEC on October 23, 2013 (the “Schedule 13D”), related to the American Depository Shares (“ADSs”), each representing 20 Class B Shares (“Class B Shares”) of Empresa Distribuidora y Comercializadora Norte S.A. (Edenor), an Argentina sociedad anónima (the “Company”).

Items 4 and 5 are hereby amended and restated, as follows:

Item 4.  Purpose of Transaction.  

Pampa Energía has caused its subsidiary PISA to sell and purchase Class B Shares of the Issuer to take advantage of favorable market conditions.

Item 5.  Interest in Securities of the Issuer  

(a) and (b).                      The Reporting Persons have, as of December 11, 2013, the following interests in the Class B Shares:

 

Class B Shares Beneficially Owned

% of Class

Sole Power to Vote

Shared Power to Vote

Sole Power to Dispose

Shared Power to Dispose

PISA

20,957,800

4.7%

-0-

20,957,800

-0-

20,957,800

Pampa Energía

20,957,800

4.7%

20,957,800

-0-

20,957,800

-0-

 

To the knowledge of the Reporting Persons, none of the executive officers or directors of each of PISA and Pampa Energía owns any Class B Shares or ADSs with the exception of Diego Salaverri, a director of Pampa Energía, who owns 18,486 Class B Shares, or 0.004%. of such shares, and has the sole power to vote and dispose of these 18,486 Class B Shares.

(c)                                     During the past sixty days, PISA has effected the following transactions in the ADSs through brokers on the New York Stock Exchange:

 

 

Date of Transaction

ADSs Sold

Equivalent Number of Class B Shares

 

Price per ADS

(U.S. dollars)

 

 

Brokers

October 11, 2013

43,500

870,000

U.S. $ 5.5975

RJUSA

October 14, 2013

61,500

1,230,000

U.S. $ 6.4125

RJUSA

October 15, 2013

50,500

1,010,000

U.S. $ 6.6067

RJUSA

October 16, 2013

11,600

232,000

U.S. $ 6.1086

RJUSA

October 18, 2013

39,281

785,620

U.S. $ 6.4264

RJUSA

October 21, 2013

156,000

3,120,000

U.S. $ 6.7389

RJUSA

October 22, 2013

1,128

22,560

U.S. $ 6.94

RJUSA

December 2, 2013

3,001

60,020

U.S. $ 8.205

JPM Securities

December 4, 2013

10,027

200,540

U.S. $ 7.0941

JPM Securities

December 5, 2013

8,852

177,040

U.S. $ 7.0001

JPM Securities

December 6, 2013

37,000

740,000

U.S. $ 7.1989

JPM Securities

December 10, 2013

80,904

1,618,080

U.S. $ 7.0601

JPM Securities

  

 


 
 

During the past sixty days, Pampa Energía has not and, to the knowledge of the Reporting Persons, Diego Salaverri has not, effected any transactions in the Class B Shares or ADSs. Gustavo Mariani, a director of Pampa Energía, effected the following transactions through brokers on the New York Stock Exchange and, to the knowledge of Pampa Energía, has thereby disposed of all of the Class B Shares and ADSs he previously owned:

 

 

Date of Transaction

ADSs Sold

Equivalent Number of Class B Shares

 

Price per ADS

(U.S. dollars)

 

 

Brokers

December 3, 2013

16,300

326,000

U.S. $ 7.69

Raymond James (Tampa)

December 4, 2013

30,700

614,000

U.S. $ 6.97

Raymond James (Tampa)

 

 

 


 

 

 

SIGNATURE

 

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  December 11, 2013

 

PAMPA INVERSIONES S.A.

 

 

 

By: /s/ Ricardo Torres      

 

      Name: Ricardo Torres

      Title:   President

 

 

 

PAMPA ENERGIA S.A.

 

 

 

By: /s/ Ricardo Torres      

 

     Name: Ricardo Torres

     Title:  Chief Financial Officer