Hamilton, Bermuda, 30 May 2017 - Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") advises that Ditlev Wedell-Wedellsborg, Director to the Board and a Primary Insider of the Company, has purchased in a series of transactions on 29 May 2017 in the period 11:41 hours to 12:18 hours a total of 3,442 common shares in Höegh LNG through his wholly owned subsidiary Niki Invest Aps at a price of NOK 87.75 per share.
After the transaction, Mr Wedell-Wedellsborg owns 3,602 common shares in Höegh LNG. Further to stock exchange notice dated 23 May 2017, Mr Wedell-Wedellsborg has been awarded 3,492 common shares in Höegh LNG as part remuneration for his services as Director to the Board of the Company, however, these shares have not yet been issued. In addition, Mr Wedell-Wedellsborg owns 15,242 common shares in Höegh LNG through Niki Invest Aps and 10,000 common units in Höegh LNG Partners LP through DWW Landbrug Aps.
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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 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 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.