Energy XXI (Bermuda) Limited Transaction in Own Shares (4777J)
17 July 2013 - 4:00PM
UK Regulatory
TIDMEXXI
RNS Number : 4777J
Energy XXI (Bermuda) Limited
17 July 2013
Energy XXI (Bermuda) Limited
Transaction in Own Shares
Energy XXI (Bermuda) Limited ("the Company") announces that
pursuant to the previously announced Rule 10(b)5-1 Trading Plan
("the Plan"), from 3 July 2013 to 16 July 2013 it had made
purchases of 514,000 US $0.005 Common Stock ("Shares") at an
average price of US $23.51 per Share. The highest and lowest price
paid for these Shares was US $24.00 and US $22.68, respectively.
The purchased shares will all be held as treasury shares.
Only to the extent additional repurchases are made, the Company
will report transactions in its own shares bi-weekly.
The combined open market and Plan purchases from 8 May 2013 to
16 July 2013 totalled 3,852,900 Shares at an average price of US
$24.35 per Share.
Following the above purchases, the Company has a total of
75,575,081 Shares in issue, excluding 3,853,563 treasury
shares.
17 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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