Höegh LNG: 2020 AGM Results Notification

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Hamilton, Bermuda 4 June 2020 - Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") advises that the 2020 Annual General Meeting of the Company was held on Thursday 4 June 2020 at 11:30 hours (ADT) at Canon's Court, 22 Victoria Street, Hamilton HM12, Bermuda.

The 2019 Annual Report, including the audited consolidated financial statements for the Company for the year ended 31 December 2019, 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.
  5. To re-appoint Leif O. Høegh as the Deputy Chairman of the Board of Directors.
  6. That the number of Directors of the Company shall be seven.
  7. 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 2020 AGM and the 2021 AGM, to be paid after the 2021 AGM.
  8. 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 2020 AGM and the 2021 AGM.
  9. 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 2020 AGM and the 2021 AGM to be paid after the 2021 AGM.
  10. To re-elect Stephen Knudtzon as chairman of the Nomination Committee
  11. To re-elect Morten W. Høegh as member of the Nomination Committee
  12. To re-elect Martin Thorsen as member of the Nomination Committee.
  13. To approve that Stephen Knudtzon, Morten W. Høegh and Martin Thorsen are each paid a fee of USD 5,000 for services as members of the Nomination Committee in the period between the 2020 AGM and the 2021 AGM to be paid after the 2021 AGM.
  14. To approve that the Nomination Committee Guidelines are amended.

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.


Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402 
Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443
Knut Johan Arnholdt, VP IR and Strategy, Telephone +47 922 59 131

About Höegh LNG: 

Höegh LNG 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. Its strategy is to develop the business through an extended service offering, with large-scale FSRUs as the main product, and focus on establishing long-term contracts with attractive risk-adjusted returns involving credible counterparts. The company is publicly listed on the Oslo stock exchange under the ticker HLNG, and owns approximately 46% of Höegh LNG Partners LP (NYSE:HMLP). Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, China, Indonesia, Lithuania, Egypt, Colombia and the Philippines. The group employs approximately 175 office staff and 600 seafarers.


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