Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per June 11, 2020 (this is updated each quarter, see below for a more recent overview from the Norwegian VPS shareholder register)

  Shareholder Shares % ownership
1 Coltrane Asset Management LP 67 247 000 17.4
2 Albert Bridge Capital LLP 65 373 735 16.9
3 M&G Investment Management Ltd. 29 007 360 7.5
4 DNB Asset Management AS 27 275 091 7.0
5 Folketrygdfondet 20 299 866 5.2
6 Caius Capital LLP 16 736 301 4.3
7 Dimensional Fund Advisors LP 14 147 007 3.7
8 The Vanguard Group Inc. 9 537 560 2.5
9 BlackRock Advisors LLC 5 868 072 1.5
10 Legal & General Investment Management Ltd.  4 960 496 1.3
11 Assenagon Asset Mangement SA 4 772 518 1.2
12 Third Avenue Management LLC 4 466 888 1.2
13 Susquehanna International Group Ltd. 4 404 178 1.1
14 Andbank Wealth Management  4 301 590 1.1
15 MP Pensjon PK 3 524 884 0.9
16 Canada Pension Plan Investment Board  3 402 846 0.9
17 Storebrand Kapitalforvaltning AS 3 245 043 0.8
18 KLP Kapitalforvaltning AS 3 027 934 0.8
19 Bogle Investment Mangement LP 2 827 672 0.7
20 RWC Asset Mangement LLP 2 404 840 0.6
20 largest shareholders 296 830 881 76.7
     

The data in the table above is provided by Q4 Inc. 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 Q4 Inc. can guarantee the accuracy of the analysis, which is updated each quarter.

Major Shareholders from Shareholder Register

Updated July 6, 2020

  Shareholder Shares % ownership Country Division
1 The Board of Regents  49 850 408 12.87 USA Ordinary
2 Goldman Sachs  49 447 361    12.77 USA Nominee
3 Verdipapirfondet DNB Global  22 340 174   5.77 NOR Ordinary
4 Folketrygdfondet   20 299 866 5.24 NOR Ordinary
5 Morgan Stanley 13 370 739 3.45 USA Nominee
6 JPMorgan Chase   11 848 445   3.06 GBR Nominee
7 Merrill Lynch International  8 098 660   2.09 GBR Nominee
8 State Street Bank  7 948 869   2.05 USA Nominee
9 State Street Bank   7 467 415   1.92 USA Nominee
10 Citibank    6 711 487   1.73 IRL Nominee
11 Nordea Bank    5 054 744   1.46 DNK Nominee
12 JPMorgan Chase Bank 5 583 683 1.44 USA Nominee
13 Nordnet Bank  5 054 744 1.30 SWE Nominee
14 The Bank of New York Mellon   4 666 595 1.19 AND Nominee
15 Third Avenue Value Fund   4 240 835   1.09 USA Ordinary
16 The Northern Trust   3 900 000   1.00 GBR Nominee
17 Andorra Banc Agricol Reig   3 796 981 0.98 AND Ordinary
18 MP Pensjon PK   3 524 884   0.91 NOR Ordinary
19 KLP Aksje Norge Indeks    3 432 365   0.89 NOR Ordinary
20 Nordea Bank   3 283 580   0.85 FIN Nominee
20 largest shareholders 240 508 037 60.97        
Total shares   387 206 996 100    

PGS Shareholdings by Nationality   

Updated July 6, 2020

Country Holders Shares %
USA    101 148 768 065
 38.42
Norway 7 959   125 127 317 32.32
UK    142    38 694 179 9.99
Other Countries    560 74 617 435

19.27
Total

8 762

 387 206 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS