Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per March 12, 2019 (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 L.P. 30 105 000 8.9
2 DNB Asset Management 29 566 666 8.7
3 Folketrygdfondet 27 472 500 8.1
4 M&G Investment Management Ltd. 20 423 868 6.0
5 Lancaster Investment Management LLP 16 082 479 4.8
6 Ferd AS 15 823 200 4.7
7 Dimensional Fund Advisors L.P. 14 114 242 4.2
8 KLP Forsikring 9 452 081 2.8
9 The Vanguard Group Inc. 9 155 940 2.7
10 Legal & General Investment Management Ltd.  8 780 451 2.6
11 Edinburgh Partners Limited 7 429 498 2.2
12 Schoroder Investment Management Ltd. 5 163 808 1.5
13 Black Rock Instiutional Trust Company 5 151 118 1.5
14 Albert Bridge Capital LLP 4 914 304 1.5
15 Hermes Investment Mangement Ltd. 4 804 743 1.4
16 Third Avenue Management LLC 4 590 080 1.4
17 Storebrand Kapitalforvaltning 4 286 420 1.3
18 Driehaus Capital Mangement LLC 3 351 281 1.0
19 Shell Asset Management Company B.V. 2 986 605 0.9
20 Equinor Asset Management 2 650 575 0.8
20 largest shareholders 226 590 041 66.9

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 March 28, 2019

  Shareholder Shares % ownership Country Division
1 Folketrygdfondet 27 037 255 7.98 NOR Ordinary
2 Ferd 15 823 200     4.67 NOR Ordinary
3 Goldman Sachs & Co 15 653 320   4.62 USA Nominee
4 State Street Bank   12 943 412 3.82 USA Nominee
5 Verdipapirfondet DNB Global   11 759 764   3.47 NOR Ordinary
6 Verdipapirfondet DNB Norge  10 896 816   3.21 NOR Ordinary
7 Morgan Stanley  8 465 787   2.50 USA Ordinary
8 HSBC   8 141 836   2.40 DEU Nominee
9 Citibank   7 821 062   2.30 IRL Nominee
10 State Street Bank   7 363 728   2.17 USA Nominee
11 Prudential   6 810 725   2.01 GBR Ordinary
12 JPMorgan Chase   6 603 956   1.95 GBR Nominee
13 Morgan Stanley   6 158 689   1.82 GBR Nominee
14 Verdipaprifondet Norge Selektiv   6 100 753 1.80 NOR Ordinary
15 Morgan Stanley   6 158 689   1.61 GBR Nominee
16 JPMorgan Chase   4 888 575   1.44 GBR Nominee
17 JPMorgan Chase   4 699 659   1.39 GBR Nominee
18 The Northern Trust  4 271 262   1.26 GBR Nominee
19 KLP AksjeNorge   3 857 981 1.14 NOR Ordinary
20 The Northern Trust   3 709 000   1.09 GBR Nominee
20 largest shareholders 178 470 255 52.71        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated March 28, 2019

Country Holders Shares %
Norway 6 349   128 080 543 37.83
USA    152   79 217 690 23.40
UK    190    52 060 372  15.37
Other Countries    457 79 221 391

23.40

Total 7 148 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS