Golar LNG
oslo : GOL

April 21, 2011 18:02 ET

Golar LNG Limited - Golar LNG Partners LP - over-allotment option exercised

HAMILTON, BERMUDA--(Marketwire - Apr 21, 2011) -



Golar LNG Limited ("Golar" or the "Company") announced today that the underwriters for the initial public offering of Golar LNG Partners LP (the "Partnership") exercised in full their over-allotment option to purchase from Golar an additional 1,800,000 common units of the Partnership. The initial public offering of 12,000,000 common units of the Partnership closed on April 13, 2011 and the sale of the additional 1,800,000 common units (at a price of $22.50) of the Partnership closed on April 20, 2011. The common units trade on The Nasdaq Global Select Market under the symbol "GMLP".

Immediately following the closing of the over-allotment option, Golar owned 9,327,254 common units and 15,949,831 subordinated units, representing an approximate 63.4% limited partner interest in Golar LNG Partners LP, and a 2.0% general partner interest in the Partnership (through Golar's ownership of the general partner).

Citi, BofA Merrill Lynch and Morgan Stanley acted as the joint bookrunning managers of the offering. Citi and Evercore Partners served as co- structuring agents on behalf of Golar in connection with the offering.

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Golar LNG Limited

April 21, 2011

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Golar LNG via Thomson Reuters ONE

[HUG#1508630]

Contact Information

  • Questions should be directed to:

    Golar LNG Management Ltd
    +44 207 063 7900

    Brian Tienzo
    Group Financial Controller

    Graham Robjohns
    Chief Executive Officer