Opera Announces Pricing of Upsized Follow-on Public Offering of American Depositary Shares
21 September 2019 - 1:03AM
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 the pricing of an
upsized public offering of 7,500,000 American Depositary Shares
(“ADSs”), each representing two ordinary shares of the Company, at
a public offering price of US$10.00 per ADS. The underwriters will
have a 30-day option to purchase up to an aggregate of 1,125,000
additional ADSs from the Company.
The offering is expected to close on September
24, 2019, subject to customary closing conditions.
The Company expects to use the net proceeds from
the offering for general corporate purposes.
Citigroup Global Markets Inc. and China
International Capital Corporation Hong Kong Securities Limited are
acting as the lead joint bookrunners, with Cowen and Company, LLC,
and B. Riley FBR, Inc. acting as joint bookrunners for the ADS
offering.
The ADS offering is being made only by means of
a prospectus supplement and an accompanying prospectus included in
the Form F-3. The registration statement on Form F-3 and the
prospectus supplement are available at the SEC website
at: http://www.sec.gov. Copies of the prospectus supplement
and the accompanying prospectus may be obtained from Citigroup
Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New
York 11717, via telephone: +1 (800) 831-9146, or via
email: prospectus@citi.com; Cowen and Company, LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, via telephone: +1 (646) 562-1230, or via email:
PostSaleManualRequests@broadridge.com; B. Riley FBR, Inc., 1300
17th Street N. Suite 1400, Arlington, VA 22209, via telephone: +1
(800) 846-5050, or via email: prospectuses@brileyfbr.com.
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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