Energy XXI (Bermuda) Limited Issue of Shares, Voting Rights and Shareholding (2423H)
June 18 2013 - 1:00AM
UK Regulatory
TIDMEXXI
RNS Number : 2423H
Energy XXI (Bermuda) Limited
17 June 2013
Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company")
Issue of Shares, Total Voting Rights and Director
Shareholding
Energy XXI announces today that it expects to issue the
following numbers of its US $0.005 common stock ("Shares") by an
issue of new Shares as a result of the purchases under its employee
stock purchase plan (ESPP), as well as a result of the vesting of
employee restricted stock units (RSUs) and performance based units
(PBUs).
July 2013 - 43,811 Shares (January 1, 2013- June 30, 2013
ESPP)
July and August 2013 - 233,120 Shares (June and July 2013 RSU
and PBU vesting)
Included in the totals above are estimated Shares agreed to be
transferred or issued to the Company's Chairman and Chief Executive
Officer, John D. Schiller, Jr., under the ESPP and vesting of
PBUs.
Follows is a summary of Mr. Schiller's estimated Share
ownership:
Executive Director Estimated Shares Resultant Shareholding % of Issued Share
Acquired Capital
John D. Schiller,
Jr. 49,345 1,297,411 1.672%
----------------- ----------------------- ------------------
Following the estimated Share issue, the Company will have a
total of 77,605,763 Shares in issue, excluding 2,047,663 treasury
shares.
18 June 2013
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
Cantor Fitzgerald
Nominated Adviser: David Porter, Rick Thompson
Corporate Broking: Richard Redmayne
Tel: +44 (0) 20 7894 7000
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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