Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per December 31, 2018 (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 33 272 271 9.8
2 Coltrane Asset Management L.P. 26 395 416 7.8
3 Folketrygdfondet 24 777 255 7.3
4 M&G Investment Management Ltd. 19 232 706 5.7
5 Ferd AS 15 823 200 4.7
6 Lancaster Investment Management LLP 15 031 723 4.4
7 Dimensional Fund Advisors L.P. 13 078 862 3.9
8 The Vanguard Group Inc. 8 482 254 2.5
9 KLP Forsikring  8 174 928 2.4
10 Legal & General Investment Management Ltd. 7 744 888 2.3
11 Albert Bridge Capital 6 538 397 1.9
12 Hermes Investment Management Ltd. 6 257 391 1.8
13 Assenagon Asset Management S.A. 5 443 909 1.6
14 Edinburgh Partners Limited 5 337 246 1.6
15 BlackRock Institutional Trust Company 4 767 338 1.4
16 Carmignac Gestion 4 720 608 1.4
17 Third Avenue 4 547 310 1.3
18 Storebrand Kapitalforvaltning AS 4 325 535 1.3
19 Shell Asset Management Company B.V. 2 650 575 0.8
20 Nuveen LLC 2 458 073 0.7
20 largest shareholders 219 059 885 64.7

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 December 21, 2018

  Shareholder Shares % ownership Country Division
1 Folketrygdfondet 29 257 713 8.64 NOR Ordinary
2 Ferd 15 823 200     4.67 NOR Ordinary
3 Verdipapirfondet DNB 13 775 311   4.07 NOR Ordinary
4 Verdipapirfondet DNB   12 963 023 3.83 NOR Ordinary
5 Goldman Sachs   12 556 524   3.71 USA Nominee
6 State Street Bank  10 929 241   3.23 USA Nominee
7 Prudential 9 505 944   2.81 GBR Ordinary
8 HSBC   7 990 402   2.36 DEU Nominee
9 State Street Bank   7 927 026   2.36 USA Nominee
10 Citibank   7 821 062   2.31 USA Nominee
11 Morgan Stanley   6 456 442   1.91 USA Nominee
12 Euroclear Bank   5 755 990   1.70 BEL Nominee
13 JPMorgan Chase   5 630 427   1.66 GBR Nominee
14 The Northern Trust   5 584 251 1.65 GBR Nominee
15 SIX SIS   5 086 814   1.50 CHE Nominee
16 JPMorgan Chase   4 837 434   1.43 USA Nominee
17 BNP Paribas   4 720 608   1.39 LUX Nominee
18 Morgan Stanley  4 612 711   1.36 USA Ordinary
19 The Board of Regents   4 458 482 1.32 USA Ordinary
20 Morgan Stanley   4 077 693   1.20 USA Nominee
20 largest shareholders 179 770 298 53.10        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated December 21, 2018

Country Holders Shares %
Norway 5 979   132 669 181 39.18
USA    209   81 932 822 24.20
UK    182    58 667 771  17.33
Other Countries    316 65 310 222

19.29
Total 6 686 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS