Opera Limited announced that its shareholders approved the proposed Share Consolidation at the 2024 Annual General Meeting held on December 3, 2024. The resolution passed with 99.7% of votes in favor.
The Share Consolidation will merge every two issued and unissued ordinary shares into one ordinary share, effective December 6, 2024. Concurrently, the American Depositary Share (ADS) ratio will change from one ADS representing two ordinary shares to one ADS representing one ordinary share.
These changes are intended to simplify the company's share structure, making it easier for investors to analyze financial metrics. Opera previously stated that these adjustments would not affect the number of ADSs outstanding or any investor's ownership percentage, and would be neutral for the value of each ADS.
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