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Höegh LNG : Stock Option Program Round 3 - Mandatory notification of trade

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Reference is made to stock exchange notices dated 2 February 2012 and 4 February 2014 where Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") announced the award of stock options in the Company under a stock option program for senior management and key employees with the intention to make awards on a bi-annual basis (the "Stock Option Program").
The Board of Directors of the Company approved 29 January 2016 the award of 820,000 stock options in the Company (the "Options") at a fixed strike price in a third round of stock option awards ( "Round 3") under the Stock Option Program. The strike price of the Options is NOK 88.5, which is equal to the average closing price of the HLNG share over the last five trading days prior to the award. The Options will vest with one third on 31 December 2017, 2018 and 2019, respectively. The Options are non-tradable and conditional upon the participant being employed by the Company or its subsidiaries at the vesting date. Additional options may be awarded as new participants may be included in the Stock Option Program.
After the issuance of the Options, the total number of options outstanding in Höegh LNG is 2,916,012.
The following primary insiders of the Company were awarded options in Round 3 (the total number of shares (if any) and options held by the primary insiders following the option awards in Round 3 are included in parenthesis):

  • Sveinung J. S. Støhle, President & CEO: 164,000 options (12,946 shares and 664,000 options)
  • Steffen Føreid, CFO: 65,600 options (414 shares and 265,600 options)
  • Ragnar Wisløff, CCO: 65,600 options (2,625 shares and 235,600 options)
  • Vegard Hellekleiv, CTO: 65,600 options (1,972 shares and 235,600 options)
  • Øivin Iversen, CDO FLNG: 65,600 options (789 shares and 182,600 options)
  • Tom Solberg, CAO: 65,600 options (65,600 options)
  • Richard Tyrrell, CEO&CFO Höegh LNG Partners LP: 10,250 options (110,250 options)
  • Camilla Nyhus-Møller, SVP Legal & Compliance: 20,500 options (56,168 options)

In addition, Sveinung J. S. Støhle, Steffen Føreid, Ragnar Wisløff, Vegard Hellekleiv and Øivin Iversen have ownership interests in Höegh 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). 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 industry leader 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, Klaipeda and Cairo. 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
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

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