SALT LAKE CITY, Aug. 26, 2016 /PRNewswire/ -- Scott J. McLean, president and chief operating officer of Zions Bancorporation (NASDAQ: ZION), will make a presentation at the Barclays Global Financial Services Conference on Tuesday, September 13, 2016 at 11:15 a.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 $35.89 per share from approximately $35.98 per share, and the warrant share multiplier has been increased to 1.0205 from 1.0180, effective as of August 18, 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 August 25, 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 August 16, 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