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.
Dividend & Share Repurchase
Policies, authorizations and dividend history
Analyst coverage and information
Analyst Consensus Estimates
Quarterly analyst consensus estimates
TGS' American Depositary Receipt information
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
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 2023.
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.
2023 Financial Calendar
|9 February 2023||Q4 2022 Quarterly Report|
|7 March 2023||Capital Markets Day|
|13 April 2023||Annual Report|
|10 May 2023||Annual General Meeting|
|11 May 2023||Q1 Quarterly Report|
|20 July 2023||Half-Yearly Report|
|26 October 2023||Q3 Quarterly Report|
Largest Shareholders as of June 30, 2023
|2||State Street Bank and Trust Comp||United States||5,243,701||4.2%||Nominee|
|3||Pareto Aksje Norge Verdipapirfond||Norway||4,590,395||3.7%|
JPMorgan Chase Bank
|5||The Northern Trust Comp||
|6||The Bank of New York Mellon||United States||2,935,952||2.4%||Nominee|
|7||JPMorgan Chase Bank||United States||2,421,925||1.9%||Nominee|
|8||AAT INVEST AS||Norway||2,000,000||1.6%|
|9||VEVLEN GÅRD AS||Norway||1,950,000||1.6%|
|10||State Street Bank and Trust Comp||United States||1,852,917||1.5%||Nominee|
|Total Shares Outstanding||124,495,609||100%|