Höegh LNG Partners LP Announces Results of 2022 Annual Meeting and Changes to its Board of Directors

Rhea-AI Summary

On June 9, 2022, Höegh LNG Partners LP (NYSE: HMLP) held its 2022 Annual Meeting in Hamilton, Bermuda. During this meeting, Carlo Ravizza was elected as a Class IV Director, serving until the 2026 Annual Meeting. Tonesan Amissah resigned from the Board effective immediately after the meeting. Timothy Faries, a partner at Appleby Limited with extensive experience in capital raising and insurance-linked securities, has been appointed to fill the vacancy left by Amissah. These changes in leadership may influence the Partnership's strategic direction and governance.

Positive

• Carlo Ravizza's election could bring fresh perspectives to the Board until 2026.
• Timothy Faries' extensive experience in capital raising and M&A may enhance board effectiveness.

Negative

• Tonesan Amissah's resignation raises concerns about continuity and board experience.

HAMILTON, Bermuda, June 9, 2022 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) advises that its 2022 Annual Meeting was held on June 9, 2022 at 4:00 P.M. local time at Appleby, Canon's Court, 22 Victoria Street, Hamilton, HM 12 Bermuda.  At the 2022 Annual Meeting, a resolution was passed to elect Carlo Ravizza as a Class IV Director of the Partnership, whose term will expire at the 2026 Annual Meeting of Limited Partners.

The Partnership also advises that Tonesan Amissah has resigned as a director of the Board of Directors of the Partnership (the "Board"), effective as of the closing of the 2022 Annual Meeting (the "Effective Time").  Timothy Faries has been appointed by the general partner of the Partnership to fill the vacancy created by the resignation of Ms. Amissah as an appointed director of the Board, such appointment to be effective as of the Effective Time. 

Timothy Faries is a partner of Appleby (Bermuda) Limited in the Corporate department and a member of the Insurance team.  Mr. Faries was Bermuda Office Managing Partner from 2015-2021.  Mr. Faries is also Chief Executive Officer of Appleby Global Corporate Services. He has extensive experience of public and private insurance company capital raising and M&A activity, public listings on US, UK and European securities exchanges, the establishment and licensing of alternative risk financing vehicles such as cat bonds, ILWs and other insurance-linked securities and captive insurance companies in established and emerging markets.

Contact:

The IGB Group, Bryan Degnan, +1 (646) 673-9701 / Leon Berman, +1 (212) 477-8438 
www.hoeghlngpartners.com

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SOURCE Hoegh LNG Partners LP

FAQ

What changes were made to Höegh LNG Partners LP's board during the 2022 Annual Meeting?

Carlo Ravizza was elected as a Class IV Director, and Tonesan Amissah resigned. Timothy Faries was appointed to fill the vacancy.

What is the term length for Carlo Ravizza as a Class IV Director of HMLP?

Carlo Ravizza's term as a Class IV Director will expire at the 2026 Annual Meeting.

Who is Timothy Faries and what is his role at Höegh LNG Partners LP?

Timothy Faries is a partner at Appleby Limited and was appointed to the Board to fill the vacancy left by Tonesan Amissah's resignation.

What are Timothy Faries' qualifications as a new board member for HMLP?

Timothy Faries has extensive experience in capital raising, M&A, and insurance-linked securities, which may benefit the Partnership.