DETROIT, June 19, 2019 /PRNewswire/ -- General Motors
Co. (NYSE: GM) today issued a reminder to warrant holders that the
company's publicly traded Series B warrants are set to expire on
Wednesday, July 10, 2019.
As of June 14, 2019, there were
approximately 8.2 million exercisable warrants outstanding.
The warrants have an exercise price of $18.33 per share.
NYSE Trading Suspension
The warrants have been trading
under the symbol (NYSE: GM.WS.B) and were originally issued in
July 2009. The NYSE has notified GM
that it will suspend trading in the warrants after the close of
trading on July 5, 2019, so that all
trades can be settled by July 10,
2019.
Exercise and Settlement
Warrant holders can obtain
further information on exercising the warrants by contacting their
broker or GM's warrant agent, U.S. Bank National Association, by
telephone at 1-800-934-6802 or by email at
cts.conversions@usbank.com. Brokers are encouraged to contact U.S.
Bank National Association or The Depository Trust & Clearing
Corporation in advance of the expiration date to confirm the
procedures for exercising warrants and for instructions on payments
of exercise prices.
Any warrant not exercised prior to 5 p.m.
EDT on July 10, 2019, will
expire and be canceled, and the holder will not receive any shares
of GM common stock for such unexercised warrants. Further
information regarding the warrants is available at
investor.gm.com.
General Motors (NYSE: GM) is committed to delivering
safer, better and more sustainable ways for people to get around.
General Motors, its subsidiaries and its joint venture entities
sell vehicles under the Cadillac, Chevrolet,
Baojun, Buick, GMC, Holden, Jiefang and Wuling brands.
More information on the company and its subsidiaries,
including OnStar, a global leader in vehicle safety and
security services, Maven, its personal mobility brand, and
Cruise, its autonomous vehicle company, can be found
at http://www.gm.com.
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SOURCE General Motors Co.