Energy XXI (Bermuda) Limited Record & Meeting Date for Merger Special Meetings (8134E)
April 15 2014 - 2:00AM
UK Regulatory
TIDMEXXI
RNS Number : 8134E
Energy XXI (Bermuda) Limited
15 April 2014
Energy XXI and EPL Announce Record Date and Meeting Date for
Merger Special Meetings
HOUSTON, April 14, 2014 -- Energy XXI (NASDAQ:EXXI) (AIM:EXXI)
and EPL Oil & Gas, Inc. (NYSE:EPL) today announced each has
established a record date of April 21, 2014 and a meeting date of
May 30, 2014 for the special meetings of their respective
shareholders. At the special meetings, the respective shareholders
will vote on the previously announced proposed merger of EXXI with
EPL and related matters pursuant to the Agreement and Plan of
Merger dated as of March 12, 2014, as amended (the "Merger
Agreement"), by and among EXXI, EPL, Energy XXI Gulf Coast, Inc.
("Gulf Coast"), an indirect wholly owned subsidiary of Energy XXI,
and Clyde Merger Sub, Inc., a wholly owned subsidiary of Gulf
Coast. EXXI and EPL shareholders of record at the close of business
on April 21, 2014 will be entitled to receive notice of the
applicable special meeting and to vote at such special meeting. The
parties currently expect to complete the merger on or about June 3,
2014, subject to satisfaction of the closing conditions, including
receipt of EXXI shareholder approval for the proposal to issue EXXI
common shares pursuant to the Merger Agreement and the proposal to
elect a new Class II director to the EXXI board of directors, as
well as EPL stockholder approval for the proposal to adopt the
Merger Agreement.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements
concerning the proposed transaction, its financial and business
impact, management's beliefs and objectives with respect thereto,
and management's current expectations for future operating and
financial performance, based on assumptions currently believed to
be valid. Forward-looking statements are all statements other than
statements of historical facts. The words "anticipates, " "may,"
"can," "plans," "believes," "estimates," "expects," "projects,"
"intends," "likely," "will," "should," "to be," and any similar
expressions or other words of similar meaning are intended to
identify those assertions as forward-looking statements. It is
uncertain whether the events anticipated will transpire, or if they
do occur, what impact they will have on the results of operations
and financial condition of Energy XXI, EPL or of the combined
company. These forward-looking statements involve significant risks
and uncertainties that could cause actual results to differ
materially from those anticipated, including but not limited to the
ability of the parties to satisfy the conditions precedent and
consummate the proposed transaction, the timing of consummation of
the proposed transaction, the ability of the parties to secure
regulatory approvals in a timely manner or on the terms desired or
anticipated, the ability of Energy XXI to integrate the acquired
operations, the ability to implement the anticipated business plans
following closing and achieve anticipated benefits and savings, and
the ability to realize opportunities for growth. Other important
economic, political, regulatory, legal, technological, competitive
and other uncertainties are identified in the documents filed with
the SEC by Energy XXI and EPL from time to time, including their
respective Annual Reports on Form 10-K, Quarterly Reports on Form
10-Q, and Current Reports on Form 8-K. The forward-looking
statements included in this press release are made only as of the
date hereof. Neither Energy XXI nor EPL undertakes any obligation
to update the forward-looking statements included in this press
release to reflect subsequent events or circumstances.
About Energy XXI
Energy XXI is an independent oil and natural gas exploration and
production company whose growth strategy emphasizes acquisitions,
enhanced by its value-added organic drilling program. The company's
properties are located in the U.S. Gulf of Mexico waters and the
Gulf Coast onshore. Cantor Fitzgerald Europe is Energy XXI's
listing broker in the United Kingdom. To learn more, visit the
Energy XXI website at www.EnergyXXI.com.
About EPL
Founded in 1998, EPL is an independent oil and natural gas
exploration and production company headquartered in Houston, Texas
with an office in New Orleans, Louisiana. The Company's operations
are concentrated in the U.S. Gulf of Mexico shelf, focusing on the
state and federal waters offshoreLouisiana. For more information,
please visit www.eplweb.com.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
In connection with the proposed transactions, Energy XXI has
filed with the SEC a registration statement on Form S-4 that
includes a joint proxy statement of Energy XXI and EPL that also
constitutes a prospectus of Energy XXI. Each of Energy XXI and EPL
also plan to file other relevant documents with the SEC regarding
the proposed transactions. Energy XXI and EPL will mail the final
joint proxy statement to their respective equity holders. INVESTORS
ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER
RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. You may obtain a
free copy of the joint proxy statement/prospectus and other
relevant documents filed by Energy XXI and EPL with the SEC at the
SEC's website at www.sec.gov. You may also obtain these documents
by contacting Energy XXI's Investor Relations department at (713)
351-3175 or via e-mail at IR@energyxxi.com or by contacting EPL's
Investor Relations department at (713) 228-0711 or via email at
tthom@eplweb.com.
PARTICIPANTS IN THE SOLICITATION
Energy XXI and EPL and their respective directors and executive
officers and other members of management and employees may be
deemed to be participants in the solicitation of proxies in respect
of the proposed transactions. Information about Energy XXI's
directors and executive officers is available in Energy XXI's proxy
statement dated October 7, 2013, for its 2013 Annual Meeting of
Shareholders. Information about EPL's directors and executive
officers is available in EPL's proxy statement dated March 21,
2013, for its 2013 Annual Meeting of Stockholders. Other
information regarding the participants in the proxy solicitations
and a description of their direct and indirect interests, by
security holdings or otherwise, will be contained in the joint
proxy statement, Energy XXI proxy statement/prospectus and other
relevant materials to be filed with the SEC regarding the proposed
transactions when they become available. Investors should read the
joint proxy statement/prospectus carefully when it becomes
available before making any voting or investment decisions. You may
obtain free copies of these documents from Energy XXI or EPL using
the sources indicated above.
This document shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the U.S.
Securities Act of 1933, as amended.
Enquiries of EXXI
Energy XXI Cantor Fitzgerald Europe
Stewart Lawrence Nominated Adviser: David
Porter, Rick Thompson
Vice President, Investor Relations Corporate Broking: Richard
and Communications Redmayne
713-351-3006 Tel: +44 (0) 20 7894
7000
slawrence@energyxxi.com
Pelham Bell Pottinger
James Henderson
Greg Smith jhenderson@pelhambellpottinger.co.uk
Director, Investor Relations Mark Antelme
713-351-3149 mantelme@pelhambellpottinger.co.uk
gsmith@energyxxi.com +44 (0) 20 7861 3232
Enquiries of EPL
EPL Ward
T.J. Thom Deborah Buks
Executive Vice President,
Chief Financial Officer 713-869-0707
tthom@eplweb.com dbuks@wardcc.com
Brunswick Group Molly LeCronier
Mark Palmer 713-869-0707
214-254-3790 mlecronier@wardcc.com
mpalmer@brunswickgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAELLFSSLEAF
Energy Xxi (DI) (LSE:EXXI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Energy Xxi (DI) (LSE:EXXI)
Historical Stock Chart
From Jul 2023 to Jul 2024