Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per September 7, 2017 (this is updated each quarter, see below for more recent overview from shareholder register)

  Shareholder Shares % ownership
1 Ferd AS 35 823 200 10.6
2 DNB Asset Management AS 26 933 688 8.0
3 M&G Investment Management Ltd. 17 127 500 5.1
4 Edinburgh Partners Limited 16 814 730 5.0
5 Allianz Global Investors GmbH 14 549 324 4.3
6 Lancaster Investment Management LLP 14 309 065 4.2
7 Folketrygdfondet 12 803 735 3.8
8 Hermes Investment Management Ltd. 8 027 246 2.4
9 Sheffield Asset Management LLC 7 868 892 2.3
10 Nordea Funds Oy 7 086 588 2.1
11 Janus Henderson Investors 6 782 885 2.0
12 KLP Forsikring 6 551 939 1.9
13 First Fondene NCP 6 056 637 1.8
14 Schroder Investment Management Ltd. 4 393 227 1.3
15 Legal & General Investment Management Ltd. 4 216 711 1.2
16 Storebrand Kapitalforvaltning AS 4 136 632 1.2
17 SAFE Investment Company Limited 2 935 539 0.9
18 Danske Invest Oy 2 800 000 0.8
19 Dimensional Fund Advisors L.P. 2 799 471 0.8
20 Eika Kapitalforvaltning AS 2 705 790 0.8
20 largest shareholders 204 722 799 60.5

The data in the table above is provided by Nasdaq Advisory Services and is obtained through an analysis of beneficial ownership and fund manager information provided in replies to disclosure of ownership notices issued to all custodians in relation to the PGS share register provided by the Norwegian Central Securities Depository (VPS). Every reasonable effort has been made to verify the data, however neither PGS nor Nasdaq Advisory Services can guarantee the accuracy of the analysis, which is updated each quarter.

Major Shareholders from Shareholder Register

Updated September 19, 2017

  Shareholder Shares % ownership Country Division
1 Ferd 35 823 200 10.58 NOR Ordinary
2 Verdipapirfondet DNB 13 982 640     4.13 NOR Ordinary
3 State Street Bank 13 912 921   4.11 USA Nominee
4 Folketrygdfondet   12 803 735 3.78 NOR Ordinary
5 Allianz Global Investors   12 206 239   3.61 DEU Ordinary
6 Deutsche Bank   7 618 385   2.25 GBR Nominee
7 The Northern Trust 7 351 414   2.17 GBR Nominee
8 Nordea Bank AB   6 946 958   2.05 DNK Nominee
9 First Generator   6 626 637   1.96 NOR Ordinary
10 SIX SIS   6 605 008   1.95 CHE Nominee
11 The Northern Trust   5 741 959   1.70 GBR Nominee
12 State Street Bank   5 515 891   1.63 USA Nominee
13 State Street Bank   5 075 315   1.50 GBR Nominee
14 Verdipapirfondet DNB   4 929 648 1.46 NOR Ordinary
15 Clearstream Banking   4 271 329   1.26 LUX Nominee
16 Citibank   4 149 483   1.23 GBR Nominee
17 Verdipapirfondet DNB   4 056 635   1.20 NOR Ordinary
18 KLP Aksje Norge   4 026 249   1.19 NOR Ordinary
19 SEB   3 900 000 1.15 LUX Nominee
20 Nordea Bank   3 643 675   1.08 FIN Nominee
20 largest shareholders 169 187 321 49.99        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated September 19, 2017

Country Holders Shares %
Norway 6 101   157 620 160 46.56
United Kingdom     206    57 427 146 16.96
USA    159     33 600 506   9.92
Other Countries    412 89 932 184

26.56
Total 6 878 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS