Bli medlem
Bli medlem

Du är här


Höegh LNG : Stock Option Program Round 3 - Mandatory notification of trade

Reference is made to stock exchange notices dated 2 February 2012 and 4
February 2014 where Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company")
announced the award of stock options in the Company under a stock option
program for senior management and key employees with the intention to make
awards on a bi-annual basis (the "Stock Option Program").

The Board of Directors of the Company approved 29 January 2016 the award of
820,000 stock options in the Company (the "Options") at a fixed strike price
in a third round of stock option awards ( "Round 3") under the Stock Option
Program. The strike price of the Options is NOK 88.5, which is equal to the
average closing price of the HLNG share over the last five trading days prior
to the award. The Options will vest with one third on 31 December 2017, 2018
and 2019, respectively. The Options are non-tradable and conditional upon the
participant being employed by the Company or its subsidiaries at the vesting
date. Additional options may be awarded as new participants may be included
in the Stock Option Program.
After the issuance of the Options, the total number of options outstanding in
Höegh LNG is 2,916,012.
The following primary insiders of the Company were awarded options in Round 3
(the total number of shares (if any) and options held by the primary insiders
following the option awards in Round 3 are included in parenthesis):

* Sveinung J. S. Støhle, President&CEO: 164,000 options (12,946 shares and
664,000 options)
* Steffen Føreid, CFO: 65,600 options (414 shares and 265,600 options)
* Ragnar Wisløff, CCO: 65,600 options (2,625 shares and 235,600 options)
* Vegard Hellekleiv, CTO: 65,600 options (1,972 shares and 235,600 options)
* Øivin Iversen, CDO FLNG: 65,600 options (789 shares and 182,600 options)
* Tom Solberg, CAO: 65,600 options (65,600 options)
* Richard Tyrrell, CEO&CFO Höegh LNG Partners LP: 10,250 options (110,250
* Camilla Nyhus-Møller, SVP Legal&Compliance: 20,500 options (56,168 options)

In addition, Sveinung J. S. Støhle, Steffen Føreid, Ragnar Wisløff, Vegard
Hellekleiv and Øivin Iversen have ownership interests in Höegh LNG through
Methane Ventures Limited.


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). The Company has developed
low-cost solutions for floating liquefaction terminals (FLNG) 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 on the FSRU and the FLNG market, with the
objective of securing long-term contracts with strong counterparts at
attractive returns. Höegh LNG is a Bermuda based company with established
presence in Oslo, Singapore, London, Miami, Jakarta, Klaipeda and Cairo. The
company employs approximately 110 office staff and 500 seafarers


Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47
975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406
Birgitte Hjertum, VP Strategy and Investor Relations, Telephone +47 975 57 432

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 OMX Corporate Solutions on behalf of NASDAQ OMX 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


Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.