Höegh LNG - Subsequent share offering and number of shares offered
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
With reference to Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company", ticker "HLNG") stock exchange notices of 3 February 2012 regarding the completed private placement and subsequent share offering (the "Subsequent Share Offering"). The Subsequent Share Offering will be directed towards existing shareholders of the Company as of 2 February 2012 holding 40,000 shares or less, and who did not participate in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful, or for jurisdictions other than Norway, would require any filing, registration or similar action.
The Subsequent Share Offering will constitute up to 636,552 shares based on the shareholder register as of 2 February 2012. Each share held by eligible shareholders as of 2 February 2012 will give the right to subscribe for and be allocated 0.5 new shares in the Subsequent Share Offering rounded down to the nearest whole share. The shares in the Company traded excluding the right to participate in the Subsequent Share Offering from 3 February 2012. The price per share in the subsequent share offering will equal to the price per share in the private placement of NOK 53.
The Company will issue a prospectus for the listing of the new shares to be issued in the Private Placement and for the Subsequent Share Offering. The shares to be issued in the Private Placement will not be tradable on Oslo Børs until the prospectus has been issued. The Subsequent Share Offering will take place following approval of the prospectus by the Financial Supervisory Authority of Norway, expected early March 2012.
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About Höegh LNG:
Höegh LNG is a fully integrated floating LNG services company with almost 40 years experience, offering long-term floating production, transportation, regasification and terminal solutions for the liquefied natural gas (LNG) market.
The Company operates a fleet of five LNG marine transportation vessels and two shuttle and regasification vessels (SRVs). In addition to transporting LNG, the SRVs act as floating regasification terminals delivering natural gas to the market. The Company has three floating storage and regasification units (FSRUs) on order at Hyundai Heavy Industries. The Company holds a significant project development portfolio for both floating regasification and floating LNG production (FLNG).
Headquartered in Oslo, Norway, Höegh LNG has established presence in Singapore, London and Florida. In total the Company employs about 70 office staff and about 350 sea farers.
Contacts:
Sveinung Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406
Arild Jæger, Head of Investor Relations, Telephone +47 975 57 408
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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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.