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 April 20, 2017

  Shareholder Shares % ownership Country Division
1 Ferd 35 823 200 10.58 NOR Ordinary
2 Folketrygdfondet 23 001 735     6.79 NOR Ordinary
3 State Street Bank 13 873 994   4.10 USA Nominee
4 Verdipapirfondet DNB   13 308 552 3.93 NOR Ordinary
5 The Northern Trust   8 619 100   2.55 GBR Nominee
6 Morgan Stanley   7 556 539   2.23 USA Nominee
7 Citibank 6 941 155   2.05 USA Nominee
8 Verdipapirfondet DNB   5 767 485   1.70 NOR Ordinary
9 Six SIS   5 402 608   1.60 CHE Nominee
10 State Street Bank   5 240 626   1.55 USA Nominee
11 JPMorgan Chase    4 965 349   1.47 GBR Nominee
12 The Northern Trust   4 763 146   1.41 GBR Nominee
13 Nordea Bank   4 671 790   1.38 DNK Nominee
14 Swedbank Generator   4 641 161 1.37 NOR Ordinary
15 State Street Bank   4 474 418   1.32 GBR Nominee
16 Verdipapirfondet DNB   4 202 290   1.24 NOR Ordinary
17 KLP AksjeNorge   4 026 249   1.19 NOR Ordinary
18 Prudential Assurance   3 811 674   1.13 GBR Ordinary
19 JPMorgan Chase   3 722 958 1.10 USA Nominee
20 State Street Bank   3 296 100   0.97 USA Nominee
20 largest shareholders 168 110 129 49.66        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated April 20, 2017

Country Holders Shares %
Norway 5 821   162 819 361 48.09
United Kingdom     204    57 610 605 17.02
USA    162     57 402 683  16.95
Other Countries    403 60 747 347

17.94

Total 6 590 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS