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Höegh LNG : Mandatory Notification of Trade

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Leif Höegh & Co. Ltd. ("LHC"), which is represented on the board of directors of Höegh LNG Holdings Ltd. ("Höegh LNG" or "Company") due to its ownership stake by Morten W. Høegh (Chairman) and Leif O. Høegh (Deputy Chairman), advises that  Aequitas Investments Limited, which is indirectly controlled by Leif O. Høegh and by a family trust under which Morten W. Høegh is the primary beneficiary, sold  65,000 units in Höegh LNG Partners LP (NYSE ticker "HMLP"), a company in the Höegh LNG group on 18 December 2015 at a price of USD 13.11 per unit. 

Buyers are Brompton Cross VI Limited in respect of 20,000 units and Brompton Cross VII Limited in respect of 25,000 units, both primary insiders in the Company.  The buyers of the remaining 20,000 units are entities controlled by persons connected to Höegh Capital Partners. 

Following the transaction, the following Brompton Cross entities, which are co-investment vehicles for management of Höegh Capital Partners, indirectly controlled by Leif O. Høegh and by a family trust under which Morten W. Høegh is a primary beneficiary, hold the following ownership interest in the Company and HMLP, as applicable:

  • Brompton Cross V Limited holds 28,500 shares, representing 0.04% of the shares in issue.
  • Brompton Cross VI Limited holds 31,916 shares, representing 0.04% of the shares in issue and 20,000 common units in HMLP.
  • Brompton Cross VII Limited holds 40,800 shares, representing 0.05%of the shares in issue, and 25,000 common units in HMLP.
  • Brompton Cross VIII Limited holds 28,500 shares, representing 0.04% of the shares in issue.

Following the transaction, Aequitas Investments Limited, holds no common units in Höegh LNG Partners LP, but has ownership in Höegh LNG through its ownership in Leif Höegh & Co. Ltd., Brompton Cross V Limited, Brompton Cross VI Limited, Brompton Cross VI Limited, Brompton Cross VII Limited and Brompton Cross VIII Limited.

LHC holds a total of 31,866,789 shares, representing 41.48% of the shares in Höegh LNG and 287,500 common units in Höegh LNG Partners LP. In addition, Leif O. Høegh and Morten W. Høegh each holds 4,356 shares in Höegh LNG personally.

The percentages have been calculated based on a total of 76,829,236 shares in issue.

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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 100 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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