Opera Announces Proposed Follow-on Public Offering of American Depositary Shares
September 16 2019 - 4:53PM
Opera Limited (“Opera” or the “Company”) (NASDAQ:OPRA), one of the
world’s leading browser providers and an influential player in the
field of content platforms, today announced that it intends to
offer and sell 7,000,000 American Depositary Shares (“ADSs”), each
representing two ordinary shares of the Company, subject to market
and other conditions, in an underwritten public offering. The
underwriters will have a 30-day option to purchase up to an
aggregate of 1,050,000 additional ADSs from the Company.
The Company expects to use the net proceeds from
the proposed offering for general corporate purposes.
Citigroup Global Markets Inc. and China
International Capital Corporation Hong Kong Securities Limited will
act as the lead joint bookrunners, with Cowen and Company, LLC, and
B Riley FBR, Inc. acting as joint bookrunners for the proposed ADS
offering.
The ADSs will be offered under the Company’s
shelf registration statement on Form F-3 which was filed with
the Securities and Exchange Commission (the “SEC”) on
September 10, 2019 and became effective on September 16, 2019.
A preliminary prospectus supplement related to the proposed ADS
offering has been filed with the SEC. The registration
statement on Form F-3 and the preliminary prospectus supplement are
available at the SEC website
at: http://www.sec.gov.
This announcement shall not constitute an offer
to sell, or a solicitation of an offer to buy, the securities
described herein, nor shall there be any offer, solicitation or
sale of these securities in any state or jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Opera
Opera is a leading global internet brand with a
large, engaged and growing base of over 350 million average monthly
active users in the quarter ending June 30, 2019. Today, Opera
offers users across Europe, Africa and Asia a range of offerings
that include its PC and mobile browsers as well as its AI-powered
news reader Opera News and its app-based microlending
solutions.
For more information, please visit
https://investor.opera.com/
Safe Harbor Statement
This announcement contains statements of a
forward-looking nature. These statements, including statements
relating to the Company’s future financial and operating results,
are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. You can identify these
forward-looking statements by terminology such as “will,”
“expects,” “believes,” “anticipates,” “intends,” “estimates” and
similar statements. These forward-looking statements involve known
and unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement. All information
provided in this press release is as of the date hereof, and Opera
undertakes no obligation to update any forward-looking statements
to reflect subsequent occurring events or circumstances, or changes
in its expectations, except as may be required by law. Although
Opera believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that its expectations will turn out to be correct, and investors
are cautioned that actual results may differ materially from the
anticipated results. Further information regarding risks and
uncertainties faced by Opera is included in Opera’s filings with
the U.S. Securities and Exchange Commission, including its annual
report on Form 20-F.
For investor inquiries, please
contact:
Derrick NuemanPhone: +1 (408) 596-3055Email:
investor-relations@opera.com
For media inquiries, please
contact:
Email: press-team@opera.com
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