Quarterly Preferred Stock Dividends (8633B)
February 25 2011 - 7:00AM
UK Regulatory
TIDMEXXS
RNS Number : 8633B
Energy XXI (Bermuda) Limited
25 February 2011
Energy XXI Declares Quarterly
Preferred Stock Dividends
HOUSTON - Feb. 25, 2011 - Energy XXI (NASDAQ: EXXI) (AIM: EXXI)
today announced its Board of Directors declared a $1.8125 per share
quarterly dividend on its shares of 7.25% Convertible Perpetual
Preferred Stock, which have a face value of $100 per share, and a
$5.195 per share quarterly dividend on its shares of 5.625%
Convertible Perpetual Preferred Stock, which have a face value of
$250 per share. The dividend on the 5.625% Convertible Perpetual
Preferred Stock includes a catch-up payment from its Nov. 3, 2010
issuance through the normal Dec. 15, 2010 beginning of the pay
period.
Dividends on both issues will be paid in cash on Tuesday, March
15, 2011 to the holders of record on Tuesday, March 1, 2011. The
company currently has 99,100 shares of its 7.25% Convertible
Perpetual Preferred Stock outstanding and 1.15 million shares of
its 5.625% Convertible Perpetual Preferred Stock outstanding.
About the Company
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. Seymour Pierce is Energy XXI's listing broker
in the United Kingdom. To learn more, visit the Energy XXI website
at www.EnergyXXI.com.
Enquiries of the Company
Energy XXI
Stewart Lawrence
Vice President, Investor Relations and Communications
713-351-3006
slawrence@energyxxi.com
Seymour Pierce - UK AIM Adviser
Jonathan Wright/
Jeremy Porter - Corporate Finance
Richard Redmayne - Corporate Broking
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
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