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Adyen N.V. [Euronext: ADYEN] confirms that co-founders Pieter van der Does (CEO) and Arnout Schuijff (CTO) and Managing Directors Ingo Uytdehaage (CFO) and Roelant Prins (CCO) have completed the sale of 507,631 Adyen shares, corresponding to approximately 15% of their holdings in Adyen N.V., at a price per share equal to €1,365, resulting in gross proceeds of approximately €692.9million.
The sale was carried out through an accelerated bookbuild offering to institutional investors and is expected to settle on 25 August 2020.
The reason for the sale was to diversify their portfolios and reduce single stock risk. All four individuals remain committed to Adyen in their current roles working on the long-term strategy. This sale in no way reflects a change in their views on the Company.
Pieter, Arnout, Ingo and Roelant will be subject to a lock-up commitment on their remaining Adyen shares for a period of 180 days from the closing of the placement (subject to waiver by the Joint Bookrunners and to certain customary exceptions).
Goldman Sachs International and J.P. Morgan acted as Joint Bookrunners for the placement.
This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.