American DG Energy Inc. ADGE, a leading On‑Site Utility offering clean electricity, heat, hot
water and cooling solutions to hospitality, healthcare, housing and athletic
facilities, today announced that its board of directors declared a special
dividend of one share of EuroSite Power Inc. (EuroSite Power) Common Stock for
every ten shares of American DG Energy Common Stock.
EuroSite Power, a subsidiary of the Company, has 56,747,100 shares issued and
outstanding and American DG Energy owns 45,000,000 of those shares. American
DG Energy will issue a special dividend to its shareholders of an aggregate of
4,880,720 shares of EuroSite Power common stock that it owns. The special
dividend is payable on August 15, 2013 to stockholders of record as of the
close of business on July 25, 2013.
The EuroSite Power shares issued pursuant to the special dividend will not be
restricted securities in the hands of shareholders who are not affiliates of
American DG Energy or Eurosite Power. Affiliates may sell the securities only
after a 6 month holding period pursuant to the provisions of the SEC's Rule
144.
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