WELLS FARGO: Wells Fargo & Company Issues Reminder Regarding Expiration of Common Stock Warrants

Wells Fargo issued the following announcement on Oct. 17.

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today issued a reminder to warrant holders that the Company’s publicly traded warrants to purchase common stock (NYSE: WFC WS) are set to expire on Sunday, Oct. 28, 2018. Because the expiration date is not a trading day on the NYSE, warrants will be exercisable until the Depository Trust & Clearing Corporation’s (DTCC) cutoff time for exercises on Monday, Oct. 29, 2018. The NYSE has notified the Company that it will suspend trading in the warrants after the close of trading on Oct. 24, 2018 so that all trades can be settled by Oct. 29, 2018.

The warrants were originally issued to the U.S. Treasury Department in Oct. 2008 and were sold to the public in an auction process in May 2010. As of Oct. 11, 2018, there were approximately 10.3 million warrants outstanding. The warrants have an exercise price of $33.592 per share.

A warrant holder can obtain further information on exercising the warrants by contacting their broker or Equiniti Trust Company, the Company’s warrant agent. Any warrant not exercised prior to the cutoff time on Oct. 29, 2018 will expire and be canceled, and the holder will not receive any shares of Wells Fargo & Company common stock.

Original source can be found here.

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Wells Fargo 435 S Main St Lumberton, TX 77657