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Höegh LNG : Sale of shares by Primary Insiders following Settlement of Round 1 of Management Stock Option Plan

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Hamilton, Bermuda, 26 January 2017 - Reference is made to Höegh LNG Holdings Ltd.'s ("Höegh LNG" or the "Company") stock exchange notice dated 5 January 2017 where the Company informed about the share issue following the settlement of Round 1 of the Management Stock Option Plan which expired 31 December 2016.

Reference is further made to the stock exchange notice dated 25 January 2017 where the Company informed of sale of shares by primary insiders in order to settle applicable taxes in connection with the award of options and for other purposes. For the same purposes, the following primary insiders have sold a number of shares as further set out below:

  • Steffen Føreid, CFO: sold 9,000 shares
  • Vegard Hellekleiv, COO: sold 9,000 shares
  • Øivin Iversen, CTO: sold 3,561 shares
  • Stephan Tschudi-Madsen, Senior Executive Officer: sold 21,313 shares
  • Camilla Nyhus-Møller, SVP Legal & Compliance: sold 596 shares

The transactions were completed 25 January 2017 in the period CET 12:29:34 to 16:00:15 at an average price of NOK 98.14 per share.

The total ownership interests subject to disclosure requirements held by the primary insiders following the above transactions are as follows:


  • Steffen Føreid, CFO: 21,805 shares and 179,200 options in Höegh LNG. In addition, Føreid owns 5,630 common units and 9,198 Phantom Units in Höegh LNG Partners LP.
  • Vegard Hellekleiv, COO: 23,364 shares and 165,600 options in Höegh LNG. In addition, Hellekleiv has been granted 4,000 Phantom Units in HMLP.
  • Øivin Iversen, CTO: 1,785 shares and 165,600 options in Höegh LNG.
  • Stephan Tschudi-Madsen, Senior Executive Officer: 2,276 shares and 100,000 options in Höegh LNG and 5,000 common units in HMLP.
  • Camilla Nyhus-Møller, SVP Legal & Compliance: 45,375 options in Höegh LNG and 4,124 Phantom Units in HMLP. 

In addition, Steffen Føreid, Ragnar Wisløff, Vegard Hellekleiv, Øivin Iversen and Stephan Tschudi-Madsen have ownership interests inHöegh LNG through Methane Ventures Limited.


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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, China, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 110 office staff and 500 seafarers.

Contacts:

Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406

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.

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