Hamilton, Bermuda 23 May 2017 - Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") advises that the 2017 Annual General Meeting of the Company was held on Tuesday 23 May 2017 at 16:00 hours (CEST) at Radisson Blu Sky City Hotel, Arlanda Airport, Stockholm, Sweden.
The 2016 Annual Report, including the audited consolidated financial statements for the Company for the year ended 31 December 2016 was presented to the meeting.
The following resolutions were adopted as proposed by the Board of Directors:
- To re-appoint Ernst & Young AS of Oslo, Norway as auditors and to authorise the Directors to determine their remuneration.
- To re-elect Morten W. Høegh as a Director of the Company.
- To re-elect Chris Finlayson as a Director of the Company.
- To re-elect Ditlev Wedell-Wedellsborg as a Director of the Company.
- To elect Steven Rees Davies as a Director of the Company.
- To appoint Morten W. Høegh as the Chairman of the Board of Directors.
- That the number of Directors of the Company shall be seven.
- To approve the remuneration of the Company's Board of Directors of USD 35,000 in cash and USD 15,000 in shares for services in the period between the 2017 AGM and the 2018 AGM to be paid after the 2018 AGM.
- To approve that Estera Services (Bermuda) Limited is paid based on its invoices for the services of the Bermuda resident Director, being Steven Rees Davies, and the alternate directors.
- To approve that the chairmen of each of the Audit Committee and the Governance, Compliance and Compensation Committee each receive USD 10,000 for services in the period between the 2017 AGM and the 2018 AGM to be paid after the 2018 AGM.
- To re-elect Stephen Knudtzon as chairman of the Nomination Committee
- To re-elect Morten W. Høegh as member of the Nomination Committee
- To re-elect William Homan-Russell as member of the Nomination Committee.
- To approve that (i) Morten W. Høegh and William Homan-Russell are each paid a fee of USD 5,000 for services as members of the Nomination Committee in the period between the 2017 AGM and the 2018 AGM to be paid after the 2018 AGM and (ii) Stephen Knudtzon is paid based on his invoices for services as chairman of the Nomination Committee in the period between the 2017 AGM and the 2018 AGM to be paid after the 2018 AGM.
The minutes from the Annual General Meeting and the list of attendance are attached hereto and will also be available on Höegh LNG's website, www.hoeghlng.com .
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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), 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 in the FSRU market, with the objective of securing long-term contracts with strong counterparties at attractive returns. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 115 office staff and 500 seafarers.
Contacts:
Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402 Steffen Føreid, Chief Financial Officer, Telephone +47 975 57 406 Erik Folkeson, Head of IR, Telephone +47 414 21 769
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
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