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Press Release: Höegh LNG : Mandatory Notification of Trade

2 Mar 2017 6:00 am
 
 
   Hamilton, Bermuda, 2 March 2017 - Höegh LNG Holdings Ltd. 
("Höegh LNG" or the "Company") advises that the following share 
transfers between primary insiders of the Company, were completed 1 
March 2017: 
 
 
   -- Each of Morten W. Høegh and Leif O. Høegh have transferred 
      5,713 common shares (a total of 11,426 shares) in the Company to Leif 
      Höegh & Co. Ltd. for a price of NOK 91.75 per common share. 
 
   -- Morten W. Høegh has transferred 2,130 common units in Höegh LNG 
      Partners LP ("HMLP") to Leif Höegh & Co. Ltd. for a price of USD 
      19.35 per common unit. 
 
 
   Following the above transactions, Morten W. Høegh and Leif O. 
Høegh hold no common shares in the Company personally, and Morten 
W. Høegh holds no common units in HMLP personally. 
 
   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 31,945,275 shares, representing 
41.4% of the shares in the Company and 289,630 common units in HMLP. 
 
   In addition, 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 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. 
 
 
   The percentage has been calculated based on a total of 77,236,460 shares 
in issue. 
 
   * * * 
 
   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 its growth plans in 
the FSRU market, with the objective of securing long-term contracts with 
strong counterparties at attractive returns. Höegh LNG is a Bermuda 
based company with established presence in Norway, Singapore, the UK, 
USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. 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 
 
   Erik Folkeson, Head of IR, Telephone +47 414 21 769 
 
   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 Corporate Solutions on behalf 
of Nasdaq 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 
 
 
  http://www.hoeghlng.com 
 

(END) Dow Jones Newswires

March 02, 2017 01:00 ET (06:00 GMT)
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