JPMorgan Chase Announces Adjustment to Warrant Exercise Price
New York, July 5, 2018 - JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) announced today that in accordance with the terms of the outstanding warrants to purchase common stock of JPMorgan Chase (NYSE: JPM/WS), the warrant Exercise Price will be reduced to $41.624 per share from $41.696 per share, effective as of the close of business on July 6, 2018.
This adjustment resulted from the declaration by the Board of Directors of JPMorgan Chase on May 15, 2018 of a quarterly dividend of $0.56 per share on the outstanding shares of the Firm’s common stock. The dividend is payable on July 31, 2018, to stockholders of record at the close of business on July 6, 2018. This dividend declaration did not result in a change in the Warrant Share Number, which remains at 1.02.
Important notice regarding the upcoming expiration of the warrants:
The warrants will expire on Sunday, October 28, 2018. Any warrants that are not exercised on or before Friday, October 26, 2018, which is the business day immediately preceding the expiration date, will become void. 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. The warrant agent is Computershare Inc, telephone: 800-546-5141.
Further information regarding the warrants and adjustments to the warrant Exercise Price and the Warrant Share Number is available on the Firm’s website at www.jpmorganchase.com, under the heading Investor Relations, Shareholder Information: “Warrant Information.”
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Jason Scott, 212-270-7325
Joseph Evangelisti, 212-270-7438