Brief: American DG Energy announced execution of binding agreements.

Aivita

10/08/2016 14:00

Aug 10 (Reuters) - American Dg Energy Inc  ADGE.A  
    * Via a series of related transactions, convertible debt 
outstanding will be reduced to $3.4 million, down significantly 
from $17.7 million 
    * Further 5.5 million shares of Eurosite Power will be sold 
for cash at $0.40 per share 
    * In conjunction with transactions, 1.02 million warrants 
(expiring October 2017 at $0.60 strike) will also be cancelled 
    * Announced execution of binding agreements that will 
further reduce convertible debt outstanding 
    * To exchange about 9.7 million shares in Eurosite Power for 
elimination of portion of outstanding 6% convertible debentures 
due May 2018 
 
Source text for Eikon:  ID:nPnbG1Kwva  
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