Exercise of employee share options in Opera Software ASA
1. Participants in the Company's share option program have on March 11th 2014 exercised a total number of 47 850 options.
Following the share option exercise, the Board of Directors, pursuant to authorization granted by the company`s Annual General Meeting, has resolved to increase the Company`s share capital by NOK 957 by issuing 47 850 new shares, of par value NOK 0.02. Following the increase the Company`s share capital is NOK 2,651,721.76 divided into 132 586 088 shares.
2. Options exercised by primary insiders March 11th 2014:
Jason A. Hoida has exercised 25 000 options in the Company, corresponding to 25 000 shares at the strike price of NOK 27.40.
Thomas Bullen has exercised 8 000 options in the Company, corresponding to 8 000 shares at the strike price of NOK 27.14.
Joakim Kasbohm has exercised 7 500 options in the Company, corresponding to 7 500 shares at the strike price of NOK 21.20.
3. Transfer of rights
On March 11th 2014, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party. The payment was determined based on a selling price of NOK 78.90 per right.
Jason A. Hoida has transferred 25 000 rights
Thomas Bullen has transferred 8 000 rights
Joakim Kasbohm has transferred 7 500 rights
4. New holding
After exercising options, Jason Hoida holds 17 500 unexercised options in the Company, corresponding to 17 500 shares at the strike price of NOK 21.20, 25 000 unexercised options in the Company, corresponding to 25 000 shares at the strike price of NOK 27.40, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike
price of NOK 27.08 and 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 37.58.
After exercising options, Thomas Bullen holds 0 unexercised options in the Company.
After exercising options, Joakim Kasbohm holds 7 500 unexercised options in the Company corresponding to 7 500 shares at the strike price of NOK 21.20, 40 000 unexercised options in the Company corresponding to 40 000 shares at the strike price of NOK 27.08, 20 000 unexercised options in the Company corresponding to 20 000 shares at the strike price of 34.78. As of today the primary insider holds 2 777 shares in the Company.
Petter Lade, Investor Relations
Tel: +47 2369 2400
Opera products enable more than 350 million internet consumers worldwide to discover and connect with the content and services that matter most to them, no matter what device, network or location. In turn, we help advertisers reach the audiences that build value for their businesses. Opera also delivers products and services to more than 130 mobile operators around the world, enabling them to provide a faster, more economical and better network experience to their subscribers. From family photos and funny videos to business ideas that change the world economy, the internet has always been about discovery. Whether you are a consumer getting online for the first time, or a multinational corporation trying to reach the right audience, Opera can help you discover more online. Opera Software ASA is listed on the Oslo Stock Exchange under the ticker symbol OPERA. 'Opera', 'Opera Software', 'Opera Mini' and the 'O' logo are trademarks of Opera Software ASA. All other trademarks are the property of their respective owners. Learn more about Opera at www.opera.com.