BUFFALO, N.Y., Dec. 12, 2018 /PRNewswire/ -- M&T Bank
Corporation ("M&T") (NYSE: MTB) today issued a reminder to
warrant holders that the Company's publicly traded warrants to
purchase common stock (NYSE: MTB WS) are set to expire on
Sunday, December 23, 2018. Because
the expiration date is not a trading day on the New York Stock
Exchange ("NYSE"), warrants will be exercisable until the
Depository Trust & Clearing Corporation's (DTCC) cutoff time
for exercises on Monday, December 24,
2018. The NYSE has notified M&T that it will suspend
trading in the warrants after the close of trading on December 19, 2018 so that all trades can be
settled by December 24, 2018.
The warrants were originally issued to the U.S. Treasury
Department in December 2008 and were
sold to the public in an auction process in December 2012. As of September 30, 2018, there were 180,491 warrants
outstanding. The warrants have a final adjusted exercise
price of $73.451 per share.
A warrant holder can obtain further information on exercising
the warrants by contacting their broker or Computershare, M&T's
warrant agent, at 1-866-293-3379. Any warrant not exercised prior
to the cutoff time on December 24,
2018 will expire and be canceled, and the holder will not
receive any shares of M&T Bank Corporation common stock.
About M&T Bank
M&T Bank Corporation is a
financial holding company headquartered in Buffalo, New York. M&T's principal banking
subsidiary, M&T Bank, operates banking offices in New York, Maryland, New
Jersey, Pennsylvania,
Delaware, Connecticut, Virginia, West
Virginia and the District of
Columbia. Trust-related services are provided by M&T's
Wilmington Trust-affiliated companies and by M&T Bank.
© 2018 M&T Bank. Member
FDIC.
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SOURCE M&T Bank Corporation