Höegh LNG: mandatory notification of trade in connection with the January 2 stock exchange notice
Reference is made to Höegh LNG Holdings Ltd.'s ("Höegh LNG" or the "company") stock exchange notice dated 2 January 2019 where it informed about the settlement of round 2 of the management stock option plan.
To settle applicable taxes in connection with the award of options and for other purposes, the following primary insiders have sold shares in the company:
Steffen Føreid, Chief Financial Officer, has sold 7,500 shares. After the transaction, he holds 30,189 shares and 134,100 options in Höegh LNG and 11,073 common units and 10,090 phantom units in Höegh LNG Partners L.P. (“HMLP”).
Øivin Iversen, Chief Technical Officer, has sold 6,100 shares. After the transaction, he holds 6,464 shares and 178,800 options in Höegh LNG and 4,000 phantom units in HMLP.
Ragnar Wisløff, Head of Change and Transformation, has sold 12,218 shares. After the transaction, he holds 178,800 options in Höegh LNG and 1,514 common units and 5,334 phantom units in HMLP. In addition, he owns 23,934 shares in Höegh LNG and 5,178 common units in HMLP through his wholly owned company Fri Agenda AS.
The trades were made on 4 January 2019 in the period CET 13:16 to 16.25 at an average price of NOK 40.3869 per share.
About Höegh LNG:
Höegh LNG 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. Its strategy is to develop the business through an extended service offering, with large-scale FSRUs as the main product, and focus on establishing long-term contracts with attractive risk-adjusted returns involving credible counterparts. The company is publicly listed on the Oslo stock exchange under the ticker HLNG, and owns approximately 46% of Höegh LNG Partners LP (NYSE:HMLP). Höegh LNG is a Bermuda based company with established presence in Norway, the Philippines, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 155 office staff and 525 seafarers.
