Norway: Hoegh LNG Issues Stock Options

The Board of Directors of Höegh LNG has approved granting 70,000 stock options to members of the group’s senior management. The strike price is NOK 53 per share, and the options will vest with one third on 31 December 2013, 2014 and 2015, respectively.

The options are non-tradable and conditional upon the participant being employed by Höegh LNG or its subsidiaries at the vesting date.

After the issuance of the new stock options, the total number of options issued in Höegh LNG shares is 822,000.

The new options have been issued to the following primary insiders:

Ragnar Wisløff, Chief Commercial Officer, has increased his number of options by 35,000 from 35,000 to 70,000. He owns 2,625 shares in Höegh LNG.

Vegard Hellekleiv, Chief Technical Officer, has increased his number of options by 35,000 from 35,000 to 70,000. He owns 1,972 shares in Höegh LNG.

In addition, Messrs. Wisløff and Hellekleiv have ownership interests in Höegh LNG through Methane Ventures Ltd.

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LNG World News Staff, September 13, 2013; Image: Höegh LNG