| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2012 > News item |
Energy XXI agrees to exchange convertible preferreds for common stock
By Ashley Montgomery
Kansas City, Kan., Aug. 21 - Energy XXI (Bermuda) Ltd. will issue shares of its common stock in exchange for 75 shares of 5.625% convertible perpetual preferred stock, according to a company filing with the London Stock Exchange.
The company said it reached an exchange agreement with a holder of its convertibles to issue 740 new shares of common stock in exchange for the convertibles.
The company said it expects the new shares to be listed on AIM on Aug. 28.
Energy XXI is a Hamilton, Bermuda-based oil and natural gas exploration and production company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.