Energy XXI (Bermuda) Limited Issue of Shares, Total Voting Rights and Director (3487I)
July 02 2013 - 1:00AM
UK Regulatory
TIDMEXXI
RNS Number : 3487I
Energy XXI (Bermuda) Limited
02 July 2013
Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company")
Issue of Shares, Total Voting Rights and Director
Shareholding
Further to the announcements of 14 December 2012, and 18 June
2013, Energy XXI announces that it has issued 47,198 common shares
of US$0.005 each ("Shares") as a result of employee purchases under
its employee stock purchase plan (ESPP). The Company has made
application for the 47,198 Shares to be admitted to trading on AIM,
which is expected to become effective on or around 8 July 2013.
As a result of the above, the Company's Chairman and Chief
Executive Officer, John D. Schiller, Jr., has acquired 1,128 Shares
under the ESPP at a price of US $18.85 per Share. In addition to
these ESPP Shares, Mr. Schiller also acquired 561 Shares for 1
March 2013 to 30 June 2013 purchases through regular payroll
deductions in the 401(k) Plan at an average price of US $25.42 per
Share.
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. 1,689 1,249,755 1.615%
---------- ----------------------- ------------------
Mr. Schiller's percent of Issued Share Capital calculation is
based off the last reported Shares in issue on 18 June 2013, plus
the ESPP Shares stated above, for a total of 77,377,810 Shares in
issue. Mr. Schiller's percent holding may change as a result of
Share buybacks under the Share repurchase program since the
previously announced Shares repurchased on 5 June 2013.
The Company expects to announce Shares repurchased from 19 June
2013 to 2 July 2013 on Wednesday, 3 July 2013.
1 July 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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