OSLO,
Norway, July 17, 2023 /PRNewswire/ -- Opera
Limited (Nasdaq: OPRA) ("Opera"), one of the world's major browser
developers and a leading internet consumer brand, filed a
registration statement on Form F-3 ("Shelf Filing") before markets
opened on July 14, 2023.
Opera observed reactions to the Shelf Filing, and wishes to make
certain clarifications.
A Shelf Filing does not constitute an actual sale or issuance of
Opera stock. Once effective, it provides an opportunity, but not a
commitment, for Opera or its pre-IPO shareholders to conduct SEC
registered offerings over the following three years.
The current Shelf Filing replaces Opera's expired prior Shelf
Filing, which was filed in September
2019.
Opera has received the letter attached hereto as Exhibit A from
its shareholder Kunlun Tech Limited ("Kunlun") relating to its
considerations in connection with the Shelf Filing. Kunlun holds
128,020,286 shares in Opera, which is equivalent to 64,010,143 OPRA
ADSs.
About Opera
Opera is a web innovator building on more than 25 years of
innovation that started with the Opera web browser. While Opera is
leveraging its brand and engaged user base in order to grow and
develop new products and services for people who seek a better
internet experience, Opera's PC and mobile web browsers, content
discovery platform Opera News, and apps dedicated to gaming, Web3
and e-commerce are already the trusted choices of hundreds of
millions of active and engaged users. Opera is headquartered in
Oslo, Norway, and listed on the
NASDAQ Stock Exchange under the OPRA ticker symbol. Download and
access Opera's products and services from www.opera.com.
Learn more about Opera at investor.opera.com or on Twitter
@InvestorOpera.
Exhibit A
From: Kunlun Tech Limited ("Kunlun")
To: Opera Limited ("Opera")
Date: July 17,
2023
In connection with the registration of Kunlun's
ownership interest in Opera on the Form F-3 registration statement
filed on July 14, Kunlun hereby
notifies Opera that it has no intention to sell Opera ADSs in open
market transactions, and commits to not make any such sales over
the coming 12-month period.
In the event that Kunlun chooses to sell any
part of its Opera holdings over the coming 12 month-period, such
sale or sales would be conducted through either marketed offerings
with applicable prospectus supplements to the registration
statement on Form F-3, or privately negotiated transactions.
Kunlun has been Opera's cornerstone investor
since 2016. We remain committed to Opera and will continue to
support the company and its management team. As such, any capital
markets transactions will be aimed at further supporting and
enhancing Opera's shareholders base and will be aligned with
long-term shareholder interest.
Yours sincerely,
Kunlun Tech Limited
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SOURCE Opera Limited