Energy XXI (Bermuda) Limited Directors Interests (5283Q)
07 November 2012 - 8:57PM
UK Regulatory
TIDMEXXI
RNS Number : 5283Q
Energy XXI (Bermuda) Limited
07 November 2012
Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company")
Directors Interests
Energy XXI announces that the Company has issued a total of
30,126 shares of US$0.005 common stock ("Shares") to its
independent Board of Directors on 6 November 2012, pursuant to its
independent director remuneration scheme, for the stock portion of
their annual retainer which vests on the 2013 Annual General
Meeting date, (each with less than 1% ownership) as set out
below:
Non-Executive Director Shares Acquired Resultant Shareholding % of Issued Share
Capital
------------------------ ---------------- ----------------------- ------------------
David M. Dunwoody 5,021 79,632 0.10%
------------------------ ---------------- ----------------------- ------------------
Hill A. Feinberg 5,021 109,795 0.14%
------------------------ ---------------- ----------------------- ------------------
Paul Davison 5,021 63,620 0.08%
------------------------ ---------------- ----------------------- ------------------
Bill Colvin 5,021 58,875 0.07%
------------------------ ---------------- ----------------------- ------------------
Cornelius Dupre II 5,021 181,132 0.23%
------------------------ ---------------- ----------------------- ------------------
Kevin Flannery 5,021 27,123 0.03%
------------------------ ---------------- ----------------------- ------------------
The above awards are to be satisfied by the issue of 30,126 new
Shares for nil consideration.
Following these transactions, the Company has a total of
79,326,227 Shares in issue, excluding 663 treasury shares. The
total number of voting rights in the Company is therefore
79,326,227. The Company has made application for the 30,126
Directors shares to be admitted to trading on AIM, which is
expected on 14 November 2012.
7 November 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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