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.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, investment and mortgage products and
services, as well as consumer and commercial finance, through 7,950
locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile
banking, and has offices in 37 countries and territories to support
customers who conduct business in the global economy. With approximately
262,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018
rankings of America’s largest corporations.