Wintrust Financial Corporation Issues Reminder Regarding Expiration of Common Stock Warrants6 Views
ROSEMONT, Ill., Dec. 07, 2018 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) today issued a reminder to warrant holders that the Company’s publicly traded warrants to purchase shares of the Company’s common stock (CUSIP No. 97650W 157) are set to expire at 5:00 p.m., New York City time, on Wednesday, December 19, 2018 (the “Expiration Time”).
Nasdaq has notified the Company that it will suspend trading in the warrants as of the close of business on Monday, December 17, 2018, to ensure that all trades with respect to the warrants settle in time to allow the purchasers of such warrants to exercise the warrants on or before the Expiration Time. Any warrant not exercised prior to the Expiration Time will expire and become void, and the holder will not receive any shares of the Company’s common stock.
As of the close of business on December 4, 2018, there were approximately 5,265 warrants outstanding. The warrants have a current exercise price of $22.54.
Holders of warrants who wish to exercise their warrants should contact the broker or custodian through which they hold their warrants for instructions on how to exercise the warrants. Brokers and custodians are encouraged to contact the warrant agent, Equiniti Trust Company, well in advance of the Expiration Time to confirm procedures for exercising the warrants.
Wintrust is a financial holding company with assets of over $30 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the “HAVE IT ALL” model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 160 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services.
FOR MORE INFORMATION CONTACT: David A. Dykstra, Senior Executive Vice President & Chief Operating Officer (847) 939-9000 Website address: www.wintrust.com