Opera Limited announced a proposal for a Share Consolidation to be voted on at its Annual General Meeting on December 3, 2024. The proposal aims to merge every two ordinary shares into one ordinary share, simplifying the company's capital structure.
Subject to shareholder approval, the ratio between American Depositary Shares (ADSs) and ordinary shares will change from one ADS representing two ordinary shares to one ADS representing one ordinary share, effective December 6, 2024. This ADS Ratio Change will be proportionate to the Share Consolidation.
The company stated that these changes will not affect the number of ADSs outstanding or any investor's ownership percentage in Opera. The effect on the value of each ADS traded on Nasdaq is expected to be neutral, aiming to make metrics easier for investors to analyze.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.