Energy XXI (Bermuda) Limited Issue of Shares and Total Voting Rights (7287G)
July 02 2012 - 11:52AM
UK Regulatory
TIDMEXXI
RNS Number : 7287G
Energy XXI (Bermuda) Limited
02 July 2012
Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company")
Issue of Shares, Total Voting Rights and Director
Shareholding
Energy XXI announces that it has issued 25,970 common shares of
US$0.005 each ("Shares") as a result of purchases under its
employee stock purchase plan (ESPP). The Company has made
application for the 25,970 Shares to be admitted to trading on AIM,
which is expected to become effective on 9 July 2012.
As a result of the above, the Company's Chairman and Chief
Executive Officer, John D. Schiller, Jr., has acquired 799 Shares
under the ESPP. In addition to these ESPP Shares, Mr. Schiller also
acquired 8 Shares for June 16, 2012 to July 1, 2012 purchases
through regular payroll deductions in the 401(k) Plan.
Follows is a summary of Mr. Schiller's estimated Share ownership
which includes the ESPP Shares and includes the Shares acquired in
the 401(k) Plan to date:
Executive Director Shares Resultant Shareholding % of Issued Share
Acquired Capital
-------------------- ---------- ----------------------- ------------------
John D. Schiller,
Jr. 807 1,377,754 1.748%
-------------------- ---------- ----------------------- ------------------
Following the Share issue, the Company has a total of 78,837,697
Shares in issue, excluding 309,643 treasury shares. The total
number of voting rights in the Company is therefore 78,837,697.
2 July 2012
Enquiries of the Company
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
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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