Shareholder Information
TGS is listed on the Oslo Stock Exchange (Symbol: TGS) and also has an American Depositary Receipt (ADR) facility managed by The Bank of New York Mellon. TGS is part of the OBX index, being among the 25 most liquid stocks in Norway.
Shareholder Information
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Symbol: TGS
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Listing: Oslo Stock Exchange(member of the OBX index)
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Link to NewsWeb for Oslo Børs
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ADR: TGSGY and TGSNF (traded on the U.S. over-the-counter market)
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Analyst coverage: 11 firms
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Average daily trading volume YTD end October 2024: 575,309 shares
One Class of Shares
The Company has only one class of shares and each share gives the right to one vote at the General Assembly. There are no voting restrictions. The Board puts emphasis on, to the extent possible, disclosing and describing the topics of the agenda and the proposed resolutions in the call for the assembly to allow the shareholders to prepare beforehand.
Limitations on Trade
There are no other limitations to the trading of shares from the Company’s side, other than Insider Trading for employees and Board members.
The General Assembly
The Company’s General Assembly is open for all shareholders and any shareholder not attending the General Assembly can give
Shareholders who wish to raise a topic in the General Assembly have the possibility to do so, but must then notify the Board of Directors of this in writing and in
Dividend Policy
Because of the highly cyclical nature of the oil services industry, TGS' Board of Directors remains convinced that the TGS Group's unique business model, strong balance sheet
It is the ambition of TGS to pay a cash dividend that is in line with its long-term underlying cash flow. When deciding the annual dividend amount, the TGS Board of Directors will consider expected cash flow, investment plans, financing requirements and a level of financial flexibility that is appropriate for the TGS business model.
From 2016, TGS commenced paying dividends on a quarterly basis in accordance with the
The ex-dividend date will normally be seven days after the announcement of the dividend in connection with the release of quarterly financial statements, with the payment date 14 days after the ex-dividend date.
In addition to paying a cash dividend, TGS may also buy back its own shares as part of its plan to distribute capital to shareholders.
Further information is available in the Minutes of Annual General Meeting 2024.
Investor Relations Policy
TGS' investor relations policy is designed to inform the stock market and all shareholders of the Company’s activities and status in a timely and accurate manner. The Company submits quarterly and annual financial reports to the OSE as well as any interim information of significance for assessing the Company’s value. This information is also available via the Company’s website.
The Company places great emphasis on providing the same information to all investors; national and international and all press releases and news are published in English only. To this end, the Company’s quarterly earnings presentations are recorded and made available as webcasts or Powerpoint presentations in real time. The Company also makes national and international presentations and roadshows throughout the year to inform existing and potential investors about TGS.
Financial Calendar
Date | Report |
---|---|
20 February 2025 | Q4 Quarterly Report |
11 April 2025 | 2024 Annual Report |
8 May 2025 | Annual General Meeting |
9 May 2025 | Q1 Quarterly Report |
17 July 2025 | Q2 Quarterly Report |
23 October 2025 | Q3 Quarterly Report |
Shareholder Structure
Largest Shareholders as of 27 November 2024 (data from Euronext VPS)
Rank | Name | Country | Shares | Ownership | Account type |
---|---|---|---|---|---|
1 | FOLKETRYGDFONDET | Norway | 13,547,174 | 6.9% | Ordinary |
2 | Brown Brothers Harriman |
Luxembourg |
11,185,821 | 5.7% | Nominee |
3 | BNP Paribas | Spain |
6,840,101 | 3.5% | Nominee |
4 | State Street Bank | United States | 5,798,651 | 3.0% | Nominee |
5 | Pareto Aksje Norge Verdipapirfond | Norway | 5,759,029 | 2.9%
|
Ordinary |
6 | Interactive Brokers LLC | United States |
4,783,614 |
2.4% | Nominee |
7 | JPMorgan Chase Bank |
United Kingdom | 4,533,496 |
2.3% | Nominee |
8 | JPMorgan Chase Bank | United States | 4,334,028 | 2.2% | Nominee |
9 | Bank of New York Mellon |
United States | 3,176,637 |
1.6% | Nominee |
10 | DNB Asset Management | Norway | 3,036,244 |
1.5% | Ordinary |
10 Largest | 62,994,795 | 32% | |||
Total Shares Outstanding | 196,400,820 | 100% |
Shareholder Structure
The data is provided by NASDAQ IR Insight and is obtained through analysis of beneficial ownership and fund manager information provided in replies to disclosure of ownership notices issued to all custodians in relation to TGS share register provided by Euronext VPS as of 30 September 2024. The ownership percentages do not necessarily include shareholdings that are lent.
Rank | Name | Shares | Ownership |
---|---|---|---|
1 | FOLKETRYGDFONDET | 14,976,220 | 7.6% |
2 | Fidelity International |
12,881,359 | 6.6% |
3 | Pareto Asset Management AS | 9,132,482 | 4.7% |
4 | DNB Asset Management AS | 9,055,754 | 4,6% |
5 | Fidelity Management & Research Company LLC |
6,606,298 | 3,4%
|
6 | The Vanguard Group Inc. | 5,758,277 |
2,9% |
7 | T. Rowe Price International Ltd. |
4,510,810 |
2.3% |
8 | KLP Fondsforvaltning | 4,197,711 | 2.1% |
9 | azValor Asset Management SGIIC, SAU |
3,225,161 |
1.6% |
10 | Dimensional Fund Advisors LP | 2,940,769 |
1.5% |
10 Largest | 73,284,841 |
37.3% | |
Total Shares Outstanding | 196,400,820 | 100% |
Executive Management Shareholdings
As of 27 November 2024
Number of TGS Shares Held | Total Number of PSUs/RSUs | |
---|---|---|
Kristian Johansen | 186,032 |
238,063 |
Sven Børre Larsen | 59,998 |
110,730 |
David Hajovsky | 22,957 | 102,460 |
Nathan Oliver | 3,513 |
49,000 |
Carel Hooijkaas | 38,158 |
75,730 |
Wadii El Karkouri | - | 49,000 |
Rob Adams | 3,594 |
49,000 |
Tana Pool | 58,128 |
102,460 |
Kristin Omreng | 2,230 |
49,000 |
Whitney Eaton | 9,869 |
102,460 |
William Ashby | 62,005 |
102,460 |
VPS Shareholder Register
DNB Bank ASA
Verdipapirservice
Telephone: +47 23 26 80 20
Email: kua@dnb.no
Investor Relations Contact