Adyen NV

12/02/2021 | Press release | Distributed by Public on 12/02/2021 10:50

First warrant tranche of long-term contract between Adyen and eBay Inc. exercised

Today, Adyen (ADYEN:AMS) issued 403,724 shares following eBay Inc.'s exercising of the first tranche of the warrant that entitles eBay Inc. to acquire a fixed number of Adyen shares in a series of four tranches subject to certain processing milestones being met.

These were exercised at €240 per share and represented 1.25% of Adyen's issue-date diluted share volume. [1]

For more detail on this agreement, please refer to our IPO prospectus and 2020 Financial Statements. Both can be found here.

[1] As of 30 November 2021 this also represents 1.25% of the Company's fully diluted issued and outstanding share capital.