Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per March 24, 2017

  Shareholder Shares % ownership
1 Ferd AS 35 823 200 10.6
2 DNB Asset Management AS 32 028 162 9.5
3 Folketrygdfondet 21 001 735 6.2
4 Lancaster Investment Management LLP 16 134 494 4.8
5 Edinburgh Partners Limited 15 509 905 4.6
6 Dimensional Fund Advisors LP 11 817 702 3.5
7 Hermes Investment Management Ltd. 9 414 932 2.8
8 M&G Investment Management Ltd. 8 034 505 2.4
9 KLP Forsikring 6 605 571 2.0
10 The Vanguard Group 6 170 004 1.8
11 Danske Capital (Norway) 5 725 903 1.7
12 Sheffield Asset Management LLC 5 463 714 1.6
13 Swedbank Asset Management AS 5 318 068 1.6
14 Henderson Global Investors Ltd. 5 295 210 1.6
15 Nordea Funds Oy 5 119 666 1.5
16 Storebrand Kapitalforvaltning AS 4 542 370 1.3
17 Schroder Investment Management Ltd. 4 392 201 1.3
18 Legal & General Investment Management Ltd. 3 413 612 1.3
19 Handelsbanken Asset Management 3 342 496 1.0
20 Eika Kapitalforvaltning AS 3 287 556 1.0
20 largest shareholders 208 441 006 61.7

The data 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 June 19, 2017

  Shareholder Shares % ownership Country Division
1 Ferd 35 823 200 10.58 NOR Ordinary
2 Folketrygdfondet 16 733 735     4.94 NOR Ordinary
3 State Street Bank 13 822 209   4.08 USA Nominee
4 Verdipapirfondet DNB   13 308 552 3.93 NOR Ordinary
5 The Northern Trust   9 146 100   2.70 GBR Nominee
6 Deutsche Bank   7 914 575   2.34 GBR Nominee
7 Allianz Global Investors 7 604 029   2.25 DEU Ordinary
8 Six SIS   6 405 008   1.89 CHE Nominee
9 First Generator   6 158 485   1.82 NOR Ordinary
10 The Northern Trust   5 741 959   1.70 GBR Nominee
11 Nordea Bank   5 570 715   1.65 DNK Nominee
12 State Street Bank   5 388 184   1.59 USA Nominee
13 State Street Bank   5 210 609   1.54 GBR Nominee
14 Verdipapirfondet DNB   4 291 927 1.27 NOR Ordinary
15 Citibank   4 138 735   1.22 GBR Nominee
16 Verdipapirfondet DNB   4 056 635   1.20 NOR Ordinary
17 KLP AksjeNorge   4 026 249   1.19 NOR Ordinary
18 JPMorgan Chase   3 619 799   1.07 GBR Nominee
19 Morgan Stanley   3 351 670 0.99 GBR Nominee
20 Citibank   3 195 866   0.94 USA Nominee
20 largest shareholders 165 506 241 48.89        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated June 19, 2017

Country Holders Shares %
Norway 6 203   157 461 999 46.51
United Kingdom     205    64 735 771 19.12
USA    160     41 017 923  12.11
Other Countries    416 75 364 303

22.26
Total 6 984 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS