Hoegh LNG Completes Private Placement (Norway)

Norway’s Höegh LNG said that it has issued 22,641,509 new shares, and that the private placement the company announced last week has been completed.

The new shares have been lissued and fully paid, Höegh LNG said in a statement.

The new shares will be delivered to Leif Höegh & Co Limited (LHC) as settlement of a share loan granted by LHC to facilitate settlement in the private placement, and cannot be traded on the Oslo Stock Exchange until a prospectus has been published by the Company, Höegh LNG added.

The issued share capital in Höegh LNG following the share issue is USD 696,506.79 consisting of 69,650,679 fully paid common shares, each with a nominal value of USD 0.01.

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LNG World News Staff, February 9, 2012