Leif Hoegh & Co. buys Hoegh LNG shares

Höegh LNG said that Leif Höegh & Co. through Brompton Cross VII, a co-investment vehicle for management of Höegh Capital Partners, purchased 13,800 common shares in Höegh LNG.

Common shares were purchased in a series of transactions on February 4, 2015 at an average price of NOK 81.3727 per share.

Leif Höegh & Co., which is indirectly controlled by Leif O. Høegh and a family trust under which Morten W. Høegh is the primary beneficiary, holds a total of 31,174,789 shares, representing 44.60% of the shares in the company.

In addition, Leif O. Høegh and Morten W. Høegh each hold 3,602 shares personally.

Following the transaction, Brompton Cross co-investment vehicles hold the following number of shares in the company:

• Brompton Cross IV Limited 28,500 shares, representing 0.04% of the shares in issue;
• Brompton Cross V Limited 28,500 shares, representing 0.04% of the shares in issue;
• Brompton Cross VI Limited 31,916 shares, representing 0.05% of the shares in issue;
• Brompton Cross VII Limited 40,800 shares, representing 0.06%of the shares in issue.

The percentages have been calculated based on a total of 69,898,827 shares in issue.

1 NOK = 0.131597 USD

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Image: Höegh LNG