Annual Report 2011 - PGS

The PGS Share
By year-end 2011, non-
Norwegian investors owned
approximately 65 percent of
outstanding shares
Shareholders
PGS had 7,503 shareholders on record as of
December 31, 2011, according to the Norwegian
Central Securities Depository (VPS).
By year-end 2011, non-Norwegian investors
owned approximately 65 percent of outstanding
shares. During 2011, non-Norwegian ownership
increased by approximately five percentage
points, mainly driven by US-based investors
increasing their proportionate holdings from
approximately 20 percent to just under 30
percent. Investors in the UK decreased their
ownership in 2011 from approximately 15
percent to slightly below 10 percent. Other non-
Norwegian shareholders, mainly domiciled in
Europe, own approximately 25 percent of PGS’
outstanding shares.
As of December 31, 2011, Wellington
Management Company was the largest PGS
shareholder, owning 24.6 million shares or 11.3
percent of the outstanding shares.
2012 Annual General Meeting
PGS’ 2012 Annual General Meeting is scheduled
for May 3, 2012 at the Company’s headquarters
at Strandveien 4, Lysaker, Oslo, Norway.
Each PGS share is entitled to one vote. Please
note that Norwegian regulations stipulate
that shares must be registered in the name of
a specific owner in order for that person (or
duly authorized agent) to be allowed to vote.
Accordingly, for ADS to qualify to vote at an
annual or extraordinary general meeting, a
specific shareholder must be registered with
Norway’s VPS as the holder of title to said
shares before the general meeting.
Shareholders who wish to attend the Annual
General Meeting are requested to pre-register
via the Company’s registrar. Registration and
proxy forms will be mailed to shareholders’
registered addresses along with meeting
documents. The registrar’s contact information
follows:
DNB ASA
Registrar Services
Stranden 21
NO-0021 Oslo, Norway
Phone: +47 22 48 35 90
Fax: +47 22 48 11 71
Email: kua@dnb.no
Owners of American Depository Shares can
vote by surrendering their shares to the ADS
depositary bank, Citibank, so that title to the
shares in question is appropriately recorded in
the share register maintained by Norway’s VPS
prior to the meeting date.
PGS vs. Norwegian Markets in 2011
120
110
100
90
80
70
60
50
PGS OSE 10GI OSEBX
JAN. FEB. MARS APRIL MAY JUNE JULY AUG. SEPT. OCT. NOV. DEC.
44 PGS Annual Report 2011