OSLO,
Norway, June 11, 2024 /PRNewswire/ -- Opera
Limited (NASDAQ: OPRA) ("Opera"), one of the world's major
browser developers and a leading internet consumer brand, today
announced that its Board of Directors has declared its
upcoming semi-annual cash dividend for holders of Opera's
ordinary shares as well as American Depositary Shares
("ADSs"), each representing two ordinary shares.
Opera's next semi-annual dividend under its recurring dividend
program will be $0.40 per ADS.
Payment will be made to shareholders of record as of the close of
business on July 2, 2024 (the "Record Date"). Dividends
to be paid to the holders of ADSs through the depositary bank, The
Bank of New York Mellon, will be subject to the terms of the
deposit agreement. The Company expects the depositary bank to
distribute dividends on or about July 15, 2024.
The aggregate amount of the dividend is approximately
$35.4 million, based on a total of
88.5 million ADS equivalents outstanding. Opera's cash expense will
be approximately $27.6 million.
The remaining $7.8 million will
be offset against Opera's remaining receivable from our majority
shareholder, Kunlun Tech Limited ("Kunlun") in connection
with the 2022 sale of Opera's stake in Star Group Interactive
Inc.
Safe Harbor Statement
This press release 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," "may,"
"expect," "believe," "anticipate," "intend," "aim," "estimate,"
"seek," "plan," "potential," "continue," "ongoing," "target,"
"guidance," "is/are likely to," "future" and similar statements.
The Company may also make forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
(the "SEC"), in press releases and other written materials
and in oral statements made by its officers, directors or employees
to third parties. These forward-looking statements involve known
and unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the
Company and the industry in which it operates. All information
provided in this press release is as of the date hereof and is
based on assumptions that the Company believes to be reasonable as
of this date, and it 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 the Company 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 the Company's filings with the SEC, including its
annual reports on Form 20-F.
About Opera
Opera is a user-centric and innovative software company focused
on enabling the best possible internet browsing experience across
all devices. Hundreds of millions use the Opera web browsers for
their unique and secure features on their mobile phones and desktop
computers. Founded in 1995, and headquartered in Oslo, Norway, Opera is a public company listed
on the Nasdaq stock exchange under the ticker symbol "OPRA".
Download the Opera web browser and access other Opera products
from opera.com. Learn more about Opera
at investor.opera.com.
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SOURCE Opera Limited