15.06.2021 – 00:45
Adyen
Amsterdam (ots/PRNewswire)
The US Office of the Comptroller of the Currency (OCC) has approved Adyen’s application to establish a Federal Foreign Branch in San Francisco, California. The approval of the OCC and its granting of a branch in conjunction with the approval of the application by the Federal Reserve on May 24, 2021 gives Adyen permission to operate as a Federal Foreign Branch.
Obtaining this US branch license will enable Adyen to improve its US operations and operations in line with those in Europe under its 2017 European banking license. The benefits include increased operational scalability via Adyen’s unified platform and the ability to offer retailers more comprehensive services.
“This license was an obvious next step for Adyen, and one that has been on the horizon for a long time,” said Pieter van der Does, Co-Founder and CEO of Adyen. “I am pleased that this is having a positive impact on our US dealers – we are well positioned to help them grow further.”
This press release contains information that is or may be considered inside information within the meaning of Article 7 (1) of the EU Market Abuse Regulation.
Information on Adyen
Adyen (AMS: ADYEN) is the payment platform of choice for many of the world’s leading companies. It offers a modern end-to-end infrastructure that is directly connected to Visa, Mastercard and the world’s preferred payment methods of consumers. Adyen offers seamless payments through online, mobile and in-store channels. With offices around the world, Adyen serves clients such as Facebook, Uber, Spotify, Microsoft, Casper, Bonobos and L’Oréal.
Important regulatory notice
This announcement is not for direct or indirect publication, distribution or publication in the United States of America (including its territories and possessions, all states of the United States of America and the District of Columbia), Canada, South Africa, Australia or Japan or any other Any jurisdiction in which such announcement would be unlawful is provided. The distribution of this announcement may be restricted by law in certain jurisdictions, and persons into whose possession this document or other information contained herein comes should inform themselves of and observe such restrictions. Failure to comply with these restrictions could constitute a violation of the securities laws of such jurisdiction.
Adyen securities have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an available exception thereto. Neither this document nor the information contained herein constitutes or forms part of an offer to sell or the solicitation of an offer to buy any securities in the United States.
This announcement does not constitute an offer of securities or investments for sale or a solicitation of an offer to buy any securities or investments in any jurisdiction such as the United States, Canada, South Africa, Australia or Japan. Neither this announcement nor any information contained herein forms the basis for or is used in connection with an offer or an obligation in any legal system. No action has been taken to enable any offer of securities or the possession or distribution of this announcement in any country where action is required to do so. Persons into whose possession this notice comes are obliged to inform themselves about such restrictions and to observe them.
The information contained in this release is for background purposes only and does not claim to be exhaustive or complete. The information contained in this release or its accuracy or completeness may not be relied on for any purpose. This release does not purport to identify or explain the risks (direct or indirect) that may be associated with an investment in Adyen securities. Any investment decision relating to Adyen securities must be made solely on the basis of all publicly available information relating to such Adyen securities.
This announcement may be restricted by law in certain jurisdictions and all readers of this announcement should read and observe such restrictions and under no circumstances should forward this announcement to another person. Failure to comply with such restrictions may violate the securities laws of such a legal system.
Unconsolidated ADRs: On October 10, 2008, the US Securities and Exchange Commission published revisions to Exchange Act Rule 12g3-2 (b) that allow depositaries to establish unconsolidated ADR programs without the involvement of a non-US issuer. Adyen NV does not consent to the establishment of any unconsolidated ADR program and does not approve, endorse, support or encourage the establishment of any such unconsolidated ADR program in relation to its securities. Adyen NV will not actively, directly or indirectly participate in the creation of a non-consolidated ADR program. Adyen NV expressly disclaims any liability arising out of or in connection with any non-consolidated ADR program. Adyen NV does not represent a custodian or any other person. Nor should any custodian or person rely on the Adyen NV website to contain all published information in English or that Adyen NV otherwise meets the exemption criteria under Exchange Act Rule 12g3-2 (b).
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