Höegh LNG : Increase in Share Capital
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Bermuda, 15 September 2015
Reference is made to the stock exchange announcement by Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company", ticker code "HLNG") dated 10 September 2015 regarding the completed private placement of 6,920,000 new common shares in the Company, each with a par value of USD 0.01, at a subscription price of NOK 122 per share resolved by a committee of the Board of Directors of the Company on 9 September 2015 (the "Private Placement").
The Company has now issued 6,920,000 new common shares, and the Private Placement has hence been completed. The issued new shares have been legally and validly issued and fully paid. The new shares will be delivered to Leif Höegh & Co Ltd. ("LHC") as settlement of a share loan granted by LHC to facilitate settlement in the Private Placement, and will be listed and tradable on the Oslo Stock Exchange under the ticker code "HLNG" from and including today. Following the issuance of the new shares, the issued share capital of Höegh LNG is USD 768,225.97 consisting of 76,822,597 fully paid common shares, each with a par value of USD 0.01.
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 100 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
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.
This publication is not for distribution, directly or indirectly, in or into the United States, nor is it an offer for sale of or the solicitation of an offer to purchase securities in the United States. Any securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Höegh LNG Holdings Ltd. does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this publication are not being, and may not be, distributed or sent into the United States.