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ABN AMRO or its officers, directors, employee benefit programs or co-workers, including persons which were involved in preparing or issuing this material, may from time to time hold positions in investment products referred to in this material. ABN AMRO may offer and render at any time investment banking-, commercial banking-, credit-, advice-, and other services to the issuer of any security referred to in this material. Pursuant to offering and rendering such services, ABN AMRO may come into possession of information not included in this material and ABN AMRO may prior or immediately after publication thereof have acted based on such information. ABN AMRO may in past year have acted as lead manager or co-lead manager with regard to a public offering of investment products from issuers as mentioned in this material. The stated price/exchange rate of any investment products mentioned herein is as of the date indicated and is not a representation that any transaction can be effected at this exchange rate. The opinion is based on investment research. ABN AMRO has made effective internal organisational and administrative arrangements for the prevention and avoidance of conflicts of interest with respect to the recommendations.
Personal/company disclosure
ABN AMRO N.V., the author or any of its employees do not have any (financial) interests in the issuer or conflicts of interest with regard to other services provided by ABN AMRO. ABN AMRO Group clearly secludes it’s activities within the Group that might in any way impair the objectivity of the author and the recommendation.
US Securities Law Disclaimer
ABN AMRO Bank N.V. (‘ABN AMRO’) is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the ‘1934 Act’) and under applicable state laws in the United States. In addition, ABN AMRO is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the ‘Advisers Act’ and together with the 1934 Act, the ‘Acts’), and under applicable state laws in the United States. Accordingly, absent specific exemption under the Acts, any brokerage and investment advisory services provided by ABN AMRO, including (without limitation) the investment products and investment services described herein are not intended for U.S. persons. Neither this document, nor any copy thereof may be sent to or taken into the United States or distributed in the United States or to a US person.
Without limiting the generality of the foregoing, the offering, sale and/or distribution of the investment products or investment services described herein is not intended in any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution. Persons into whose possession this document or any copy thereof may come, must inform themselves about, and observe any legal restrictions on the distribution of this document and the offering, sale and/or distribution of the investment products and investment services described herein. ABN AMRO cannot be held responsible for any damages or losses that occur from transactions and/or services in defiance with the restrictions aforementioned.
