HÖEGH LNG APPLIES FOR STOCK EXCHANGE LISTING ON OSLO BØRS
Höegh LNG Holdings Ltd. (HLNG) has today submitted an application for stock exchange listing to Oslo Børs (the Oslo Stock Exchange).
It is expected that the Board of Directors of Oslo Børs will review the listing application on 15 June 2011 and that HLNG will be listed on or about 17 June 2011. HLNG is currently in the process of raising between USD 175 million to USD 225 million through a private placement to fund two Floating Storage and Re-gasification vessels (FSRUs) at Hyundai Heavy Industries for delivery in 4Q2013 and 1Q2014.
The Chairman of the Board of Directors, Morten W. Høegh, explains:
"Listing HLNG is an important step in realizing the Group's growth strategy, and enabling the company to continue to develop as one of the leading providers of integrated floating LNG services."
DnB NOR Markets (Global Coordinator), ABG Sundal Collier and Pareto Securities act as Joint Lead Managers and Bookrunners in the private placement. Danske Bank and Nordea Markets act as Co-Managers.
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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.
About Höegh LNG:
Höegh LNG is an integrated floating LNG service provider with almost 40 years experience, offering long-term floating production, transportation, re-gasification and terminal solutions for Liquefied Natural Gas (LNG). The company operates a fleet of seven LNG carriers including two innovative Shuttle and Re-gasification Vessels (SRVs) operating as LNG carriers and floating terminals while delivering the natural gas to the market.
In addition the company holds a significant project development portfolio for both floating regasification as well as floating LNG production (FLNG). Headquartered in Oslo, Höegh LNG has established presence in Singapore, London and Tampa. In total the company employs 350 people.
Contacts
Sveinung Støhle, President and CEO +47 9755 7402
Steffen Føreid, CFO +47 9755 7406
Geirmund Aasbø, Vice President, Project Execution & Media Spokesman +47 9755 7448