Höegh LNG : Mandatory Notification of Trade

 
Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") advises that a share sale and purchase between two Brompton Cross entities, both primary insiders of the Company, was completed 15 June 2016.
 
Brompton Cross V Limited sold 28,500 common shares in the Company to Brompton Cross IX Limited at NOK 84.50 per share.
 
Following the transaction, the below 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 Höegh LNG Partners LP ("HMLP"), as applicable:
 
  • 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.
  • Brompton Cross IX Limited holds 28,500 shares, representing 0.04% of the shares in issue.

Disclosing regarding Morten W. Høegh and Leif O. Høegh  

Morten W. Høegh owns 5,713 shares in Höegh LNG and 2,130 common units in HMLP.

Leif O. Høegh owns 5,713 shares in Höegh LNG.

Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and a family trust under which Morten W. Høegh is the primary beneficiary, holds a total of 31,933,849 shares, representing 41.54% of the shares in the Company and 287,500 common units in Höegh LNG Partners LP.

The percentage has been calculated based on a total of 76,884,059 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), 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 growth plans on the FSRU 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 110 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, Communication 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 announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Höegh LNG via GlobeNewswire

HUG#2021053