AGO gets needed consents, will convert bonds at €1.76 per share

By Jennifer Chiou

New York, Dec. 24 - AGO AG Energie + Anlagen announced that holders of its €2 million of convertible bonds voted to pass a resolution to change the terms and conditions of the securities.

As a result, the bonds will be converted into the company's ordinary shares at a conversion price of €1.76 apiece, according to a company release.

Kulmbach, Germany-based AGO specializes in energy supply facilities for industrial customers. Questions may be directed to the company at 49 9221 602 0 or ir-ago@ago.ag.

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