Directors Interests (8083R)
November 09 2011 - 9:44AM
UK Regulatory
TIDMEXXI
RNS Number : 8083R
Energy XXI (Bermuda) Limited
09 November 2011
Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company")
Directors Interests
Energy XXI announces that the Company has issued a total of
33,438 shares of US$0.005 common stock ("Shares") to its
independent Board of Directors on 8 November 2011, pursuant to its
independent director remuneration scheme, for the stock portion of
their annual retainer which vests on the 2012 Annual General
Meeting date, (each with less than 1% ownership) as set out
below:
Non-Executive Shares Resultant Shareholding % of Issued Share
Director Acquired Capital
David M. Dunwoody 5,573 74,611 0.10%
---------- ----------------------- ------------------
Hill A. Feinberg 5,573 113,874 0.15%
---------- ----------------------- ------------------
Paul Davison 5,573 58,599 0.08%
---------- ----------------------- ------------------
Bill Colvin 5,573 60,854 0.08%
---------- ----------------------- ------------------
Cornelius Dupre
II 5,573 166,275 0.22%
---------- ----------------------- ------------------
Kevin Flannery 5,573 14,233 0.02%
---------- ----------------------- ------------------
The above awards are to be satisfied by the issue of 33,438 new
Shares for nil consideration.
Following these transactions, the Company has a total of
76,511,250 Shares in issue, excluding 256,353 treasury shares. The
total number of voting rights in the Company is therefore
76,511,250. The Company has made application for the 33,348
Directors shares to be admitted to trading on AIM, which is
expected on 16 November.
First Quarter Report
The Company's financial report for the first quarter to 30
September 2011 is now available on the Company's website at
www.energyxxi.com.
9 November 2011
Enquiries
Energy XXI
Stewart Lawrence
Vice President, Investor Relations and Communications
713-351-3006
slawrence@energyxxi.com
Greg Smith
Director, Investor Relations
713-351-3149
gsmith@energyxxi.com
Seymour Pierce
Nominated Adviser: Jonathan Wright, Jeremy Porter
Corporate Broking: Richard Redmayne
Tel: +44 (0) 20 7107 8000
Pelham Bell Pottinger
James Henderson
jhenderson@pelhambellpottinger.co.uk
Mark Antelme
mantelme@pelhambellpottinger.co.uk
+44 (0) 20 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
END
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