Notice of Annual General Meeting
Opera Limited (NASDAQ: OPRA), a leading name in browser development, is set to hold its annual general meeting (AGM) for shareholders. The meeting will take place at the Opera offices on December 3, starting at 3:00 p.m. Central European Time. Shareholders are encouraged to participate in this important event.
Agenda Highlights
This year's AGM will cover a significant proposal regarding the share structure of Opera Limited. The main agenda item will focus on the proposed share consolidation, where every two ordinary shares would be merged into one. This consolidation aims to simplify the company's share structure and make it easier for current and potential investors to understand ownership metrics.
Proposed Share Consolidation
The share consolidation entails merging two ordinary shares into a single share. Following this, the American depositary shares (ADSs) would undergo a ratio change, from two ordinary shares per ADS to one ordinary share per ADS. This adjustment, set for December 6, aims to streamline operations and clarify ownership for both ordinary shareholders and ADS holders.
Impact on Investors
It is vital to note that the proposed changes will be neutral regarding the number of ADSs outstanding and investors' ownership percentages within Opera. After the consolidation, the overall value of each ADS, as traded on Nasdaq, will remain unaffected. This strategic move is designed to enhance clarity and transparency for stakeholders.
Important Dates for Shareholders
The Board of Directors has established November 1 as the record date. Those holding ordinary shares at the close of business on this date will be eligible to attend and vote at the AGM. To vote, ADS holders will need to coordinate with The Bank of New York Mellon, the depositary of the ADS program.
About Opera Limited
Founded in 1995 and headquartered in Oslo, Norway, Opera is dedicated to providing an exceptional internet browsing experience. Millions of users rely on Opera's web browsers for their distinct and secure features across various devices. The company is publicly listed on the Nasdaq under the ticker symbol "OPRA" and continually strives to enhance its services while engaging its user community.
Frequently Asked Questions
What is the date and time of the AGM?
The annual general meeting is scheduled for December 3 at 3:00 p.m. Central European Time.
What is the proposed share consolidation?
Opera plans to merge every two ordinary shares into one to streamline its share structure.
How will the ADS ratio change?
Following the share consolidation, the ADS ratio will shift from two ordinary shares per ADS to one ordinary share per ADS.
Who is eligible to vote at the AGM?
Shareholders of record as of November 1 are eligible to attend and vote at the AGM.
Where can I find more information about the AGM?
Additional details regarding the AGM and other shareholder resources are available on Opera’s official website.
