Höegh LNG - Announces its first quarterly dividend payment
Reference is made to the fourth quarter 2014 financial statement approved by the Board of Höegh LNG Holdings Ltd. ("HLNGH" or the "Company") on 25 February 2015 and the Board decision same day to pay a quarterly cash dividend of USD 0.10 per share.
The last day the shares of the Company will be traded inclusive of dividend on Oslo Børs is 4 March 2015 and the shares will consequently be traded ex dividend as of 5 March 2015. The shareholders entitled to the dividend will be those on record in VPS following the close of trading on Oslo Børs on 6 March 2015.
Höegh LNG's President and Chief Executive Officer, Sveinung J. S. Støhle, said in a comment "We are excited to have entered a new phase in the Company's growth strategy; after more than three years of focus on construction, securing long term contracts and putting our new fleet of FSRU's into operation, we are now about to reap the benefits of this work, including the payment of the Company's first quarterly dividend. Our dividend policy is based on stability, predictability and growth, with the intention to also pay out the distributions received from Höegh LNG Partners LP. In parallel, the Company will continue to follow its proven long term growth strategy in the FSRU segment and steadily increase its fleet."
About Höegh LNG:
Höegh LNG provides floating energy solutions and operates world-wide with a leading position as owner and operator of floating LNG import terminals; Floating storage and regasification units (FSRUs). The Company has developed low-cost solutions for floating liquefaction terminals (FLNG) and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the leading provider of floating LNG solutions and the strategy is to continue to focus its growth plans on the FSRU and the FLNG market, with the objective of securing long-term contracts with strong counterparts at attractive returns. Höegh LNG is a Bermuda based company with established presence in Oslo, Singapore, London, Miami, Jakarta and Klaipeda. The company employs approximately 95 office staff and 500 seafarers
Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406
Birgitte Hjertum, VP Strategy and Investor Relations, Telephone +47 975 57 432
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the Continuing Obligations of Oslo Børs