Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per March 9, 2018 (this is updated each quarter, see below for a more recent overview from the Norwegian VPS shareholder register)

  Shareholder Shares % ownership
1 Ferd AS 35 823 200 10.6
2 DNB Asset Management AS 26 181 392 7.7
3 M&G Investment Management Ltd. 20 956 035 6.2
4 Coltrane Asset Management L.P. 18 788 345 5.5
5 Edinburgh Partners Limited 15 259 902 4.5
6 Allianz Global Investors GmbH 15 031 520 4.4
7 Lancaster Investment Management Ltd. 14 637 726 4.3
8 Folketrygdfondet 12 653 735 3.7
9 Schroder Investment Management Ltd. 11 705 855 3.5
10 Hermes Investment Management Ltd. 8 594 013 2.5
11 Dimensional Fund Advisors L.P. 8 568 617 2.5
12 Lucerne Capital Management L.P. 7 448 853 2.2
13 Nordea Funds Oy 5 580 726 1.6
14 Metzler Asset Management GmbH 5 378 363 1.6
15 Carmignac Gestion 5 000 000 1.5
16 Assenagon Asset Management S.A 4 910 369 1.5
17 The Vanguard Group Inc. 4 381 006 1.3
18 Legal & General Investment Management Ltd. 4 189 984 1.2
19 Statoil Kapitalforvaltning ASA 4 090 157 1.2
20 Bellevue Asset Management AG 2 841 500 0.8
20 largest shareholders 232 021 298 68.5

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 May 8, 2018

  Shareholder Shares % ownership Country Division
1 Ferd 35 823 200 10.58 NOR Ordinary
2 Folketrygdfondet 18 443 251     5.45 NOR Ordinary
3 JPMorgan Chase 14 601 895   4.31 GBR Nominee
4 State Street Bank   14 582 703 4.31 USA Nominee
5 Allianz   11 578 906   3.42 DEU Ordinary
6 Morgan Stanley  9 243 934   2.79 USA Ordinary
7 Verdipapirfondet DNB 8 467 835   2.50 NOR Ordinary
8 Verdipapirfondet DNB   8 141 508   2.40 NOR Ordinary
9 State Street Bank   6 979 043   2.06 GBR Nominee
10 Goldman Sachs   6 542 247   1.93 USA Nominee
11 JPMorgan Chase   6 296 788   1.86 GBR Nominee
12 The Northern Trust   5 617 404   1.66 GBR Nominee
13 Goldman Sachs   5 600 514   1.65 GBR Ordinary
14 BNP Paribas   5 600 000 1.65 LUX Nominee
15 Bank of New York   5 177 268   1.53 GBR Nominee
16 Clearstream Banking   4 894 367   1.45 LUX Nominee
17 State Street Bank   4 769 469   1.41 USA Nominee
18 SIX SIS   4 668 771   1.38 CHE Nominee
19 Nordea Bank   4 449 735 1.31 DNK Nominee
20 Prudential Assurance   4 184 370   1.24 GBR Ordinary
20 largest shareholders 185 663 208 54.83        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated May 8, 2018

Country Holders Shares %
Norway 5 356   108 723 729 32.11
United Kingdom     200   85 301 032 25.19
USA    161     64 312 869  19.00
Other Countries    424 80 242 366

23.70

Total 6 141 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS