Höegh LNG: Dividend suspension and cost reductions
Hamilton, Bermuda 6 April 2020 – In light of the uncertain business environment caused by the Covid-19 virus situation, the board of directors of Höegh LNG Holdings Ltd. (“Höegh LNG” or “the company”) has decided to take the following precautionary measures to preserve liquidity and reduce costs: · Future dividends from Höegh LNG Holdings Ltd. are suspended in full until further notice. · Bonus scheme for executive management and onshore personnel is suspended for 2020 · Implementation of a cost saving plan with special focus on overhead and vessel operating costs, targeting USD