Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per September 7, 2017 (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 26 933 688 8.0
3 M&G Investment Management Ltd. 17 127 500 5.1
4 Edinburgh Partners Limited 16 814 730 5.0
5 Allianz Global Investors GmbH 14 549 324 4.3
6 Lancaster Investment Management LLP 14 309 065 4.2
7 Folketrygdfondet 12 803 735 3.8
8 Hermes Investment Management Ltd. 8 027 246 2.4
9 Sheffield Asset Management LLC 7 868 892 2.3
10 Nordea Funds Oy 7 086 588 2.1
11 Janus Henderson Investors 6 782 885 2.0
12 KLP Forsikring 6 551 939 1.9
13 First Fondene NCP 6 056 637 1.8
14 Schroder Investment Management Ltd. 4 393 227 1.3
15 Legal & General Investment Management Ltd. 4 216 711 1.2
16 Storebrand Kapitalforvaltning AS 4 136 632 1.2
17 SAFE Investment Company Limited 2 935 539 0.9
18 Danske Invest Oy 2 800 000 0.8
19 Dimensional Fund Advisors L.P. 2 799 471 0.8
20 Eika Kapitalforvaltning AS 2 705 790 0.8
20 largest shareholders 204 722 799 60.5

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 November 14, 2017

  Shareholder Shares % ownership Country Division
1 Ferd 35 823 200 10.58 NOR Ordinary
2 Verdipapirfondet DNB 14 857 640     4.39 NOR Ordinary
3 State Street Bank 13 358 029   3.95 USA Nominee
4 Allianz Global Investors   12 206 239 3.61 DEU Ordinary
5 Folketrygdfondet   11 653 735   3.44 NOR Ordinary
6 Verdipapirfondet DNB  10 392 648   3.07 NOR Ordinary
7 Nordea Bank AB 7 838 335   2.32 DNK Nominee
8 Morgan Stanley   7 581 870   2.24 GBR Ordinary
9 Deutsche Bank   7 257 885   2.14 GBR Nominee
10 The Northern Trust   6 663 614   1.97 GBR Nominee
11 SIX SIS   6 642 429   1.96 CHE Nominee
12 State Street Bank   5 972 923   1.76 GBR Nominee
13 The Northern Trust   5 741 959   1.70 GBR Nominee
14 Clearstream Banking   5 647 680 1.67 LUX Nominee
15 SEB   5 325 000   1.57 FIN Nominee
16 First Generator   4 768 638   1.41 NOR Ordinary
17 O.N. Sunde   4 500 000   1.33 NOR Ordinary
18 Bank of New York   4 445 799   1.31 GBR Nominee
19 Nordea Bank   4 323 862 1.28 FIN Nominee
20 State Street Bank   4 189 672   1.24 USA Nominee
20 largest shareholders 179 191 157 52.94        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated November 14, 2017

Country Holders Shares %
Norway 6 345   155 372 503 45.89
United Kingdom     205    67 472 323 19.93
USA    154     29 816 876   8.80
Other Countries    419 85 918 294

25.38

Total 7 123 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS