General Meeting

Voting Rights

As a general rule, PGS’ shareholders can take action under Norwegian law or its articles of association by a simple majority of votes cast at a general meeting of shareholders. Each ordinary share carries one vote.

To vote at an annual or extraordinary general meeting, a shareholder must be registered as a holder of title to the shares to be voted in PGS’ share register maintained at Verdipapirsentralen (“VPS”), the Norwegian centralized registry of securities, not later than at the date of the general meeting.   Shareholders who intend to participate in a general meeting in person or by proxy must notify the Company by the date stated in the notice convening the meeting.  This date may not be more than two business days before the date of the meeting.

As an alternative to the voting procedure for beneficial owners described above, under Norwegian law, owners of American Depositary Shares, or ADSs, representing shares can vote by surrendering their American Depositary Receipts, or ADRs, evidencing ADSs to the custodian and having title to the related shares registered in PGS’ share register maintained at the VPS prior to the meeting.

Notice of General Meeting

PGS’ annual general meeting of shareholders is held each year before the end of June. Norwegian law requires that written notice of general meetings be sent to shareholders whose addresses are known at least two weeks prior to the date of the meeting.  Under the Company’s articles of association, PGS may call ordinary general meetings on four weeks’ written notice and extraordinary general meetings on two weeks’ written notice.

Extraordinary General Meeting

Extraordinary general meetings of shareholders may be held whenever PGS’ Board of Directors considers it necessary; at the request of the Company’s auditor; or at the request of shareholders representing at least 5% of PGS’ share capital.

The request must name the matters to be considered.   The extraordinary general meeting must be convened within one month of the date of the request.   Other than approval of the annual accounts any matter that may be raised at an annual general meeting may also be raised at an extraordinary general meeting.

 English version of Annual General Meeting Minutes 2002-2004 (1014 KB)

7 May 2008

          Calling Notice for Annual General Meeting
          Minutes from Annual General Meeting
 

15 June 2007

          Calling Notice for Annual General Meeting
          Minutes from Annual General Meeting
         

13 December 2006

          Calling Notice for Extraordinary General Meeting
          Minutes from Extraordinary General Meeting

14 June 2006
 

          Calling Notice for Annual General Meeting
          Minutes from Annual General Meeting

28 April 2006

          Minutes from Extraordinary General Meeting
          Calling Notice for Extraordinary General Meeting
          Demerger Plan      

8 June 2005

 Minutes from Annual General Meeting (44 KB)
 Calling Notice for Annual General Meeting (52 KB)

30 June 2004   

 Minutes from Annual General Meeting (80KB)
 Calling Notice for Annual General Meeting (378KB)

16 October 2003  

 Minutes from Extraordinary General Meeting (551KB) 
 Calling Notice for Extraordinary General Meeting (192KB)

18 June 2003  

 Minutes from Annual General Meeting (107KB)
 Calling Notice for Annual General Meeting (184KB)

27 September 2002  

 Minutes from Extraordinary General Meeting (115KB)
 Calling Notice for Extraordinary General Meeting (13KB)

27 June 2002  

 Minutes from Annual General Meeting (165KB)
 Calling Notice for Annual General Meeting (248KB)