Investor FAQ's
General FAQs
How many shares are there in PGS and where are they located?
As of December 31, 2006, there were 180,000,000 ordinary shares outstanding (including shares represented by ADSs) held by 3,799 record holders. The United States holdings represented 48,939,276 shares, or approximately 27% of the total number of our shares outstanding as of that date. The above numbers may not be representative of the actual number of United States beneficial holders or of shares beneficially held by United States persons. The Norwegian holdings represented 58,371,850, or approximately 32% of the total number of our shares outstanding as of that date.
What is the address of PGS’ headquarters?
Petroleum Geo-Services ASA
Strandveien 4
N-1325 Lysaker, Norway
What is PGS’ fiscal year and corresponding earnings release dates?
PGS’ fiscal year runs from January 1 to December 31. Key earnings dates are listed in the Investor Relations Financial Calendar.
What is the debt rating on PGS?
As of June 22, 2007, Moody’s Investors Service has a “Ba2”-rating on PGS, while Standard & Poor’s Ratings Services has a “BB-”-rating.
Does PGS pay dividends?
PGS Board of Directors has proposed to pay a special dividend of NOK 10 per share to the shareholders as a result of the excellent financial results achieved by the Company in 2006. In addition, PGS has an authorization to buy back up to 10% of the share capital in the Company. In addition, the Company reinvests in technology developments and capital requirements.
When is the next Annual General Meeting?
PGS’ Annual General Meeting of Shareholders is held each year before the end of June. Please view our Financial Calendar under Investor Relations for more information.
What is the cost allocation between shares in PGS and shares in Petrojarl?
If you received shares in Petrojarl in June/July 2006 due to your ownership of shares in Petroleum Geo-Services, you would allocate 20% of the historical cost to the new shares in Petrojarl, and 80% of the historical cost to the remaining shares in Petroleum Geo-Services.
How can I contact investor relations at PGS?
You can reach investor relations at PGS by sending us an e-mail at ir@pgs.com.
Shares FAQs
Who is PGS' Ordinary Shares custodial bank?
Nordea Bank Norge ASA, PO Box 1166, Sentrum, 0107 Oslo, Norway.
Where are PGS' Ordinary Shares traded?
The Oslo Stock Exchange under the symbol “PGS”.
How do I buy PGS' Ordinary Shares?
You can buy PGS' Ordinary Shares by contacting a stock broker or Investment Advisor.
How can I find out how many Ordinary Shares I have?
You can obtain information about your account balance by contacting your registrar investor, that is your bank or broker that opened your Verdipapirsentralen (VPS) account.
Who should I notify of a change of address?
You can change your address by contacting your registrar investor, that is your bank or broker that opened your Verdipapirsentralen (VPS) account.
What is the ADR/Ordinary Share ratio?
One ADR represents 1 Ordinary Share.
ADRs FAQs
What is an ADR?
An ADR is a negotiable U.S. certificate representing ownership of shares in an non-U.S. corporation. ADRs are quoted and traded in U.S. dollars in the U.S. securities market. Also, the dividends are paid to investor in U.S. dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investor, and to provide a corporate finance vehicle for non-U.S. companies.
What is the difference between an ADR and an ADS?
An American Depositary Receipt (ADR) is the actual physical certificate whereas an American Depositary Share (ADS) is the actual share. An ADR can represent any number of ADSs. The term "ADR" is often used to mean both the certificates and the securities themselves.
What is the benefit of holding ADRs?
ADRs allow you to diversify your portfolio with foreign securities easily. In addition, ADRs trade, clear and settle in accordance with U.S. market regulations and permit prompt dividend payments and corporate action notification. If an ADR is exchange-listed, investor also benefit from readily available price and trading information.
Where are PGS’ ADRs traded?
PGS’ ADRs are traded on the Pink Sheets in the US under the ticker symbol “PGSVY”.
How do I buy PGS ADRs?
You can buy PGS’ ADRs through a stock broker or Investment Advisor.
What is PGS’ ADR/Ordinary Share ratio?
One PGS ADR represents one Ordinary Share at a par value of NOK 3 per share.
Who is PGS’ ADR depositary bank and how does a registered shareholder contact them for account information?
Citibank is PGS’ ADR depositary bank. You can reach Citibank:
Toll-free at: 1-877-CITI-ADR (248-4237). Shareholder Service Representatives are available Monday through Friday, 8:30am to 6:00pm Eastern Time.
E-mail at: citibank@shareholders-online.com
Write at: Citibank Shareholder Services, 150 Royal StreetCanton, MA02021
How do I convert my Ordinary Shares to ADRs?
Converting ordinary shares to ADRs must be done through a broker, advisor or through Citibank. Your broker will transfer the Ordinary Shares to either of Citibank's custodian banks, Den Norske Bank or Nordea Bank Norge. Once Citibank receives notice that the foreign shares have been deposited, Citibank will issue ADRs to you. When you want to convert your ADRs back into Ordinary Shares, you should instruct your broker to cancel the ADRs, and provide him/her with complete delivery instructions in Norway.
What should I do if I lose an ADR certificate?
If your certificate is lost, stolen or destroyed, notify Citibank immediately so that a stop transfer can be placed on the certificate. Citibank will send you the forms necessary for issuing a replacement certificate. There is a premium charged which is approximately 2% of the market value of the shares (minimum fee of $20.00) to purchase the replacement indemnity bond.
Who should I notify of a change of address as an ADR holder?
You can change your address by calling Citibank Shareholder Services at 1-877-CITI-ADR (248-4237) Monday through Friday, 8:30am to 6:00pm Eastern Time or by e-mail at citibank@shareholders-online.com or by completing and mailing the tear off portion of your account statement.
What is the difference between a registered shareholder and a beneficial ADR holder?
A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of record. A beneficial holder is one whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.
