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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Energy Xxi (DI) | LSE:EXXI | London | Ordinary Share | BMG100821401 | COM SHS USD0.005 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMEXXI
RNS Number : 6994P
Energy XXI (Bermuda) Limited
03 October 2013
Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company")
Exchange of 5.625% Convertible Perpetual Preferred Stock
Energy XXI announces the closing of exchange agreements (the "Exchange Agreements") with a holder of the Company's 5.625% Convertible Perpetual Preferred Stock, par value $0.001 per share (the "Preferred Stock"), to issue shares (the "Exchange Securities") of the Company's common stock, par value $0.005 per share (the "Common Stock"), in exchange for 149 total shares of Preferred Stock.
Pursuant to the Exchange Agreements, the Company has issued a number of shares of Common Stock equal to the sum, rounded up to the next whole number, of the number of shares of such Preferred Stock multiplied by 10.0147.
Accordingly, 1,493 new shares of Common Stock have been issued for the above conversion.
After such issuance, the Company has a total of 75,801,748 common shares in issue, excluding 3,853,563 treasury shares, and 813,039 shares of 5.625% Preferred Stock outstanding.
Application has been made for the 1,493 new shares of Common Stock to be admitted to trading on AIM and admission is expected to occur on or around 10 October 2013.
3 October 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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