Annual Report 2011 - PGS
Annual Report 2011 - PGS
Annual Report 2011 - PGS
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The <strong>PGS</strong> Share<br />
20 largest <strong>PGS</strong> shareholders as of December 31, <strong>2011</strong><br />
Rank Shareholder Shares held Ownership (%)<br />
1 Folketrygdfondet 21,498,610 9.87<br />
2 State Street Bank 17,728,269 8.14<br />
3 Euroclear Bank 6,770,384 3.11<br />
4 State Street Bank 5,968,116 2.74<br />
5 Clearstream Banking 5,777,215 2.65<br />
6 State Street Bank 4,517,352 2.07<br />
7 JPMorgan Chase Bank 4,289,453 1.97<br />
8 State Street Bank 3,830,016 1.76<br />
9 Danske Bank 3,565,554 1.64<br />
10 Tapiola 3,000,000 1.38<br />
11 Citibank 2,655,692 1.22<br />
12 Citibank 1) 2,620,485 1.20<br />
13 Caceis Bank 2,579,304 1.18<br />
14 The Northern Trust 2,412,335 1.11<br />
15 Bank Of New York Mellon 2,362,845 1.08<br />
16 Morgan Stanley 2,329,795 1.07<br />
17 Statoil Pensjon 2,194,806 1.01<br />
18 Goldman Sachs 2,189,251 1.01<br />
19 SEB 2,161,950 0.99<br />
20 Vanguard Energy Fund 2,128,238 0.98<br />
Total, 20 largest shareholders 100,579,670 46.18<br />
<strong>PGS</strong> has a dividend policy<br />
aimed at distributing 25-50<br />
percent of net income to<br />
shareholders over the<br />
business cycle<br />
1. The beneficial owners of American Depository Shares held by depositaries are not disclosed in the above table due<br />
to depository agreement terms.<br />
Citizenship of shareholders<br />
as of December 31, <strong>2011</strong><br />
26% Other Countries<br />
35% Norway<br />
11% UK<br />
28% USA<br />
<strong>PGS</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> 43
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