EIG COMPLETES DISTRIBUTION OF HARBOUR ENERGY PLC SHARES
\nEIG to remain Harbour\u2019s largest shareholder
\nWASHINGTON, DC (July 8, 2022) \u2013 EIG, a leading institutional investor to the global energy and infrastructure
\nsectors, today announced that it has distributed shares of Harbour Energy plc (HBR.L or the \u201cCompany\u201d) held by
\nHarbour North Sea Holdings Ltd. (\u201cHarbour North Sea\u201d) to EIG fund investors through a series of distributions.
\nFollowing the merger of Premier Oil plc and Chrysaor Holdings Ltd., Harbour North Sea received 36.46% of the
\nCompany. EIG manages holdings in the Company through an investment fund via several holding companies (the
\n\u201cEIG Holding Structure\u201d). The distribution of shares though the EIG Holding Structure will result in numerous
\nregulatory filings.
\nEIG would like to make clear that:
\n\u2022 No shares of the Company were sold as part of this distribution.
\n\u2022 Following this distribution, EIG will remain the largest shareholder of the Company, holding approximately
\n16% of its outstanding shares through managed vehicles and proprietary ownership.
\n\u2022 R. Blair Thomas and Steven Farris will remain as Chairman and Director, respectively, of the Company.
\n\u2022 The distribution is a taxable event for certain EIG affiliated shareholders, so some of these shareholders
\nmay sell shares to cover such tax obligations as and when necessary.
\n\u201cToday, EIG has distributed shares in Harbour Energy to our fund investors. As EIG is still the largest shareholder
\nfollowing the distribution, we remain committed to the sector, confident in the Company\u2019s current strategy and
\nsupportive of its management team,\u201d said R. Blair Thomas, EIG\u2019s Chief Executive Officer.
\nAbout EIG
\nEIG is a leading institutional investor to the global energy and infrastructure sectors with $25.0 billion under
\nmanagement as of March 31, 2022. EIG specializes in private investments in energy and energy-related
\ninfrastructure on a global basis. During its 40-year history, EIG has committed $40.1 billion to the energy sector
\nthrough 380 projects or companies in 38 countries on six continents. EIG\u2019s clients include many of the leading
\npension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and
\nEurope. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong
\nKong and Seoul. For additional information, please visit EIG\u2019s website at www.eigpartners.com.
\nMedia Contact
\nFGS Global
\nKelly Kimberly \/ Brandon Messina
\n+1 212-687-8080
\nEIG-SVC@sardverb.com<\/p>\n","protected":false},"excerpt":{"rendered":"
EIG COMPLETES DISTRIBUTION OF HARBOUR ENERGY PLC SHARES EIG to remain Harbour\u2019s largest shareholder WASHINGTON, DC (July 8, 2022) \u2013 EIG, a leading institutional investor to the global energy and infrastructure sectors, today announced that it has distributed shares of Harbour Energy plc (HBR.L or the \u201cCompany\u201d) held by Harbour North Sea Holdings Ltd. (\u201cHarbour […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3569","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\n