Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per June 5, 2019 (this is updated each quarter, see below for a more recent overview from the Norwegian VPS shareholder register)

  Shareholder Shares % ownership
1 DNB Asset Management AS 32 877 965 9.7
2 Coltrane Asset Management L.P  31 297 000 9.2
3 Folketrygdfondet 23 547 255 7.0
4 Lancaster Investment Mangement LLP 16 042 019 4.7
5 Ferd AS 15 823 200 4.7
6 Lucerne Capital Management LP 14 355 346 4.2
7 M&G Investment Management Ltd. 13 876 661 4.1
8 Dimensional Fund Management L.P. 13 806 841 4.1
9 Schroder Investment Management Ltd. 12 107 598 3.6
10 KLP Forsikring  9 752 962 2.9
11 Legal & General Investment Management Ltd. 9 623 815 2.8
12 The Vanguard Group Inc. 9 319 281 2.8
13 Edinburgh Partners Limited 7 429 498 2.2
14 BlackRock Institutional Trust Company 5 224 939 1.5
15 Albert Bridge Capital LLP 5 127 093 1.5
16 Hermes Investment Management Ltd. 4 847 346 1.4
17 Third Avenue Management LLC 4 590 080 1.4
18 Driehaus Capital Mangement LLC 3 302 825 1.0
19 Shell Asset Management Company B.V. 3 223 442 1.0
20 Allianze Global Investors GmbH 3 202 730 0.9
20 largest shareholders 239 377 896 70.7

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 August 16, 2019

  Shareholder Shares % ownership Country Division
1 Goldman Sachs & Co 27 048 294 7.99 USA Nominee
2 Folketrygdfondet 23 413 255    6.91 NOR Ordinary
3 Ferd 15 823 200   4.67 NOR Ordinary
4 Verdipapirfondet DNB Global   13 388 999 3.95 NOR Ordinary
5 Morgan Stanley   12 605 989   3.72 GBR Nominee
6 Bank of New York Mellon  11 105 477   3.28 USA Ordinary
7 Euroclear Bank   9 512 166   2.80 BEL Nominee
8 State Street Bank    9 206 904   2.72 USA Nominee
9 JPMorgan Chase   8 899 564   2.63 GBR Nominee
10 Citibank   7 071 062   2.09 IRL Nominee
11 Morgan Stanley    6 220 560   1.84 USA Ordinary
12 JPMorgan Bank    5 857 313   1.73 GBR Nominee
13 BNP Paribas   5 380 441   1.59 FRA Nominee
14 JPMorgan Chase    5 367 863 1.58 GBR Nominee
15 HSBC   5 314 097   1.57 GER Nominee
16 State Street Bank   4 990 102   1.47 USA Nominee
17 The Northern Trust   4 726 566   1.40 GBR Nominee
18 The Northern Trust  4 618 100   1.36 GBR Nominee
19 Prudential    4 607 013 1.36 GBR Ordinary
20 KLP AksjeNorge   4 584 425   1.35 NOR Ordinary
20 largest shareholders 189 741 390 56.04        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated August 16, 2019

Country Holders Shares %
Norway 6 594   112 863 024 33.33
USA    142   91 317 099 26.98
UK    183    60 175 422  17.77
Other Countries    445 74 224 451

21.92
Total

7 364

 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS