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Zions Bancorporation To Present At The Goldman Sachs US Financial Services Conference 2016 And Updates Warrant Information

Freitag, 25.11.2016 14:00 von

PR Newswire

SALT LAKE CITY, Nov. 25, 2016 /PRNewswire/ -- Harris H. Simmons, chairman and chief executive officer of Zions Bancorporation (NASDAQ: ZION), will make a presentation at the Goldman Sachs US Financial Services Conference 2016 on Tuesday, December 6, 2016 at 3:20 p.m. ET. A live webcast of the presentation may be accessed on the Zions Bancorporation website, www.zionsbancorporation.com. The webcast will also be archived and available on the website for 30 days.

Additionally, Zions announced today that in accordance with the terms of the outstanding warrants to purchase common stock of Zions issued in May and October of 2010 (NASDAQ: ZIONW), the exercise price of the warrants has been reduced to approximately $35.82 per share from approximately $35.89 per share, and the warrant share multiplier has been increased to 1.0227 from 1.0205, effective as of November 16, 2016.

These adjustments resulted from the payment of a dividend on the common stock of Zions in the amount of $0.08 per share paid on November 23, 2016, which is in excess of the dividend threshold amount of $0.01 per share per quarter in the terms of the warrants, and a trailing 10-day average price of Zions' common stock prior to the ex-dividend date of November 14, 2016. For further information, please see zionsbancorporation.com, under the heading Stock Information – Warrant Information.

Zions Bancorporation is one of the nation's premier financial services companies with total assets of approximately $60 billion. Zions operates under local management teams and unique brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The company is a national leader in Small Business Administration lending and public finance advisory services, and is a consistent top recipient of Greenwich Excellence awards in banking. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at zionsbancorp.com.

 

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SOURCE Zions Bancorporation