Wintrust Financial Corporation Issues Reminder Regarding Expiration of Common Stock Warrants
December 07 2018 - 4:02PM
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.
ABOUT
WINTRUST
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
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