American Depository Shares (ADS or ADR)
The Company’s ADS program is sponsored by Deutsche Bank Trust Company Americas. PGS ADS are traded over the counter in the US under the ticker symbol “PGSVY”.
PGS will terminate its American Depositary Share (ADS or ADR) program with Deutsche Bank Trust Company, and it will not be continued with any other ADS/ADR banks. Pursuant to the provisions of the deposit agreement, such termination will take effect at 5:00PM (Eastern Time) on November 5, 2021, which is the termination date.
Under the terms of the Depository Receipt, ADS holders have until May 5, 2022 to surrender their Depositary Shares for cancellation and to take delivery of the underlying shares. Holders are reminded that any time after 6 months following the Termination Date (which is May 5, 2022), Deutsche Bank Trust Company may sell the securities represented by then outstanding Depositary Shares and may thereafter hold uninvested the net proceeds of any such sale, without liability for interest. If ADS holders surrender their Depository Shares for delivery of the underlying shares, they must pay a cable fee of $15, and cancellation fee of up to $0.05 per Depository Share surrendered in addition to any applicable U.S. or local taxes or governmental charges.
Please contact email@example.com for more details and official instructions on how to surrender your Depository Shares.
Depository Receipt Information:
Issue: PGS ASA
Ratio: 1 Depository Share: 1 Ordinary Share
Termination date: November 5, 2021
Cancellation expiration date: May 5, 2022
American Stock Transfer
Tel: +1 (800) 821-8780
Duewa Brooks +1-212-250-1305