Know your shareholder through the VPS service Nominee ID

Many global custodians have registered an omnibus account with VPS where the global custodian is registered on behalf of the underlying investors. The Norwegian issuer has no automated access to information on the beneficial owners of the securities. This can be a challenge with respect to upcoming corporate actions, and generally with respect to shareholder management.

VPS has, in co-operation with London-based Richard Davies Investor Relations (RD:IR), developed the service Nominee ID, a service for corporations that would like to identify underlying beneficial owners that are not registered to the VPS shareholder register.

The cooperation is based on VPS ‘expertise on shareholder registers and Richard Davies Investor Relations’ global network of contacts and competent analysis team.

By using the service, we will provide access to IR InTouch which offers the following functionality

  • Identifies beneficial owners that hold their securities in an omnibus account
  • Relates beneficial owners to each omnibus account
  • Reveals underlying relationships between shareholders and custodians
  • Reveals investor’s country of domicile, investment strategy and investor type
  • Delivers reports in a user-friendly customer portal

More information about the service is available in the Nominee ID service description and please do not hesitate to call VPS Client Relations Manager, Mr. Lars Erik Jensen, ph. +47 22635396/93232068, if you have any questions.