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Press Release: Höegh LNG : Mandatory Notification of Trade

22 Nov 2017 6:00 am
 
   Hamilton, Bermuda, 22 November 2017 - Höegh LNG Holdings Ltd. 
("Höegh LNG" or the "Company") advises that Leif Höegh & Co. 
Ltd. ("LHC"), a primary insider of Höegh LNG, purchased 250,000 
common shares in the Company on 21 November 2017 for a price of NOK 
63.375 per share. 
 
   Following the above transaction, Leif Höegh & Co. Ltd., which is 
indirectly controlled by Leif O. Høegh and by family trusts under 
which Morten W. Høegh is a primary beneficiary, holds a total of 
32,479,953 shares, representing 42.0% of the shares in the Company and 
311,591 common units in Höegh LNG Partners LP ("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 family trusts under which Morten 
W. Høegh is a primary beneficiary, hold the following ownership 
interest in the Company and HMLP, as applicable: 
 
 
   -- 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 77,244,746 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, China and 
Turkey. The company employs approximately 115 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

November 22, 2017 01:00 ET (06:00 GMT)
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