Opera Announces Exercise of Underwriters’ Option to Purchase Additional ADSs
October 16 2019 - 4:05PM
Opera Limited (Nasdaq:OPRA), one of the world’s leading browser
providers and an influential player in the field of content
platforms, today announced that the underwriters of its previously
completed follow-on public offering have exercised their option to
purchase an additional 1,125,000 ADSs from the company. The closing
of the option exercise occurred on October 16, 2019. Net proceeds
from the offering of an aggregate of 8,625,000 shares at a per ADS
price of $10.00 were approximately $82.1 million.
Citigroup Global Markets Inc. and China International Capital
Corporation Hong Kong Securities Limited acted as the lead joint
bookrunners, and Cowen and Company, LLC, and B. Riley FBR, Inc.
acted as joint bookrunners for the ADS offering.
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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