Höegh LNG : Mandatory Notification of Trade
Hamilton, Bermuda, 9 April 2018 - Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") advises that Leif Höegh & Co. Ltd. ("LHC"), a primary insider of Höegh LNG, purchased 500,000 common shares in the Company on 6 April 2018 for a price of NOK 44.5731 per share.
In addition, Brompton Cross VII Limited, a primary insider in the Company (see further below), transferred on 6 April 2018 its holding in the Company to LHC. Brompton Cross VII Limited transferred 40,800 shares in the Company at a price of NOK 44.5731 per share.
Following the above transactions, LHC, which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh and his immediate family are primary beneficiaries, holds a total of 33,020,753 shares, representing 42.7% of the shares in the Company and 311,591 common units in Höegh LNG Partners LP ("HMLP").
In addition, the below Brompton Cross entities, which are co-investment vehicles for management of Höegh Capital Partners, indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh and his immediate family are primary beneficiaries, hold the following ownership interests in the Company and HMLP, as follows:
- Brompton Cross VII Limited holds 25,000 common units in HMLP.
- Brompton Cross VIII Limited holds 28,500 shares in the Company, representing 0.04% of the shares in issue.
- Brompton Cross IX Limited holds 28,500 Hoegh LNG shares in the Company, representing 0.04% of the shares in issue.
The percentages have been calculated based on a total of 77,244,746 shares in issue.
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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), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions and the strategy is to continue to focus its growth plans in the FSRU market, with the objective of securing long-term contracts with strong counterparties at attractive returns. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia, China and Turkey. The company employs approximately 125 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
Erik Folkeson, Head of IR, Telephone +47 414 21 769
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.