Leif Hoegh Increases Stake in Hoegh LNG

Posted by Joseph Keefe March 16, 2016

Leif Hoegh & Co. Ltd., a primary insider of Hoegh LNG Holdings Ltd., purchased 67,060 common shares in Hoegh LNG Holdings on 15 March for a price of NOK 91.50 per share.

Following the transaction, Leif Hoegh & Co. holds a total of 31,933,849 shares in Hoegh LNG, representing 41.56 pct of outstanding shares, and 287,500 common units in Hoegh LNG Partners LP ("HMLP"). Leif Hoegh & Co is indirectly controlled by Leif O. Hoegh and by a family trust under which Morten W. Hoegh is the primary beneficiary and is represented on the Board of Directors of the Company by Morten W. Hoegh (Chairman) and Leif O. Hoegh (Deputy Chairman) due to its ownership stake in Hoegh LNG.

Reporting By Ole Petter Skonnord