Höegh LNG : 2018 AGM Results Notification
Hamilton, Bermuda 6 June 2018 - Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") advises that the 2018 Annual General Meeting of the Company was held on Wednesday 6 June 2018 at 18:30 hours (ADT) at Canon's Court, 22 Victoria Street, Hamilton HM12, Bermuda.
The 2017 Annual Report, including the audited consolidated financial statements for the Company for the year ended 31 December 2017, was presented to the meeting.
The following resolutions were adopted as proposed by the Board of Directors:
1. To re-appoint Ernst & Young AS of Oslo, Norway as auditors and to authorise the Directors to determine their remuneration.
2. To re-elect Leif O. Høegh as a Director of the Company.
3. To re-elect Andrew Jamieson as a Director of the Company.
4. To re-elect Jørgen Kildahl as a Director of the Company.
7. That the number of Directors of the Company shall be seven.
8. To approve the remuneration of the Company's Board of Directors of USD 35,000 in cash and USD 15,000 in shares for services in the period between the 2018 AGM and the 2019 AGM, to be paid after the 2019 AGM.
9. To approve payment of invoices issued for the provision of the services of the Bermuda resident Director, being Steven Rees Davies, and the Bermuda resident Alternate Directors, based on the services rendered in the period between the 2018 AGM and the 2019 AGM.
10. To approve that the chairmen of each of the Audit Committee and the Governance, Compliance and Compensation Committee each receive USD 10,000 for services in the period between the 2018 AGM and the 2019 AGM to be paid after the 2019 AGM.
11. To re-elect Stephen Knudtzon as chairman of the Nomination Committee
12. To re-elect Morten W. Høegh as member of the Nomination Committee
13. To re-elect William Homan-Russell as member of the Nomination Committee.
14. To approve that (i) Morten W. Høegh and William Homan-Russell are each paid a fee of USD 5,000 for services as members of the Nomination Committee in the period between the 2018 AGM and the 2019 AGM to be paid after the 2019 AGM and (ii) Stephen Knudtzon is paid based on his invoices for services as chairman of the Nomination Committee in the period between the 2018 AGM and the 2019 AGM.
The minutes from the Annual General Meeting and the list of attendance are attached hereto and will also be available on Höegh LNG's website, www.hoeghlng.com.
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.
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
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.
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