Increase of share capital in Opera Software ASA
The board of directors ("Board") of Opera Software ASA ("Opera" or the "Company") has resolved to increase the Company's share capital by NOK 48,689.44 by issuance of 2,434,472 new shares, each having a par value of NOK 0.02. The shares are resolved issued in order to fulfill Opera's obligations to pay earn-out pursuant to the merger agreement dated June 24, 2014 relating to Opera's acquisition of AdColony (the “Merger Agreement”).
The shares are offered subscribed by certain of the sellers under the Merger Agreement. Consequently, the Board has resolved that existing shareholders’ preferential rights to subscribe the new shares are set aside. The subscription price is set in accordance with the terms of the Merger Agreement and is fixed at NOK 95.14219099665143 per share, representing a total subscription amount of NOK 231,621,000. The subscription amount will be paid by way of set-off against Opera's obligation to pay earn-out pursuant to the Merger Agreement.
The share issue is resolved in accordance with the Board's authorization granted by the Annual General Meeting held June 3, 2014.
Petter Lade, Investor Relations
Tel: +47 2369 2400
About Opera Software ASA
Opera enables more than 350 million internet consumers worldwide to connect with the content and services that matter most to them and more than 130 mobile operators to deliver the very best possible internet experience to their subscriber base. Opera also helps publishers monetize their content through advertising and advertisers reach the audiences that build value for their businesses, capitalizing on a global consumer audience reach that exceeds 800 million.