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Energy XXI (Bermuda) (EXXI)


Tuesday 24 December, 2013

Energy XXI (Bermuda)

Transaction in Own Shares

RNS Number : 2851W
Energy XXI (Bermuda) Limited
24 December 2013

Energy XXI (Bermuda) Limited

Transaction in Own Shares


Energy XXI (Bermuda) Limited ("the Company") announces that from 11 December 2013 to 23 December 2013 it had made open market purchases of 450,000 US $0.005 Common Stock ("Shares") at an average price of US $25.79 per Share.  The highest and lowest price paid for these Shares was US $26.28 and US $25.33, 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 Rule 10(b)5-1 Trading Plan purchases from 8 May 2013 to 23 December 2013 totalled 5,402,900 Shares at an average price of US $25.17 per Share.

These totals exclude the 2,776,200 Shares purchased on 19 November 2013 at an average price of $27.39 per Share in conjunction with the convertible debt offering.

Following the above purchases, the Company has a total of 71,513,450 Shares in issue, excluding 8,179,763 treasury Shares.


24 December 2013


Enquiries of the Company


Energy XXI

Stewart Lawrence

Vice President, Investor Relations and Communications


[email protected] 


Greg Smith

Director, Investor Relations


[email protected] 



Cantor Fitzgerald

Nominated Adviser: David Porter, Rick Thompson

Corporate Broking: Richard Redmayne

Tel: +44 (0) 20 7894 7000


Pelham Bell Pottinger

James Henderson

[email protected]

Mark Antelme

[email protected]

+44 (0) 20 7861 3232




This information is provided by RNS
The company news service from the London Stock Exchange

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