Opera Ltd Consolidates Shares at 2024 AGM
Ticker: OPRA · Form: 6-K · Filed: Dec 3, 2024 · CIK: 1737450
| Field | Detail |
|---|---|
| Company | Opera LTD (OPRA) |
| Form Type | 6-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $0.0002, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agm, share-consolidation, corporate-governance
TL;DR
Opera consolidated its shares 2-for-1 at the AGM, changing par value to $0.0002.
AI Summary
Opera Limited held its 2024 Annual General Meeting on December 3, 2024, where shareholders approved a share consolidation. Every two ordinary shares will be consolidated into one share, changing the nominal par value from US$0.0001 to US$0.0002. This action aims to adjust the company's share structure.
Why It Matters
Share consolidation can impact a company's stock price and trading volume, potentially making the stock appear more valuable or attractive to certain investors.
Risk Assessment
Risk Level: low — The filing reports on routine corporate governance matters and approved resolutions from an annual general meeting, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- 2-for-1 — Share Consolidation Ratio (Every two existing shares will become one consolidated share.)
Key Players & Entities
- Opera Limited (company) — Registrant
- US$0.0001 (dollar_amount) — Original nominal par value per share
- US$0.0002 (dollar_amount) — New nominal par value per share after consolidation
- December 3, 2024 (date) — Date of the 2024 Annual General Meeting
FAQ
What was the primary resolution passed at Opera Limited's 2024 Annual General Meeting?
The primary resolution was to consolidate every two issued and unissued ordinary shares into one consolidated share.
What is the new nominal par value of Opera Limited's ordinary shares after the consolidation?
The new nominal par value of each consolidated share will be US$0.0002.
What was the previous nominal par value of Opera Limited's ordinary shares?
The previous nominal par value of each ordinary share was US$0.0001.
When was the 2024 Annual General Meeting of Opera Limited held?
The 2024 Annual General Meeting was held on December 3, 2024.
Does Opera Limited file annual reports under Form 20-F or Form 40-F?
Opera Limited files annual reports under Form 20-F.
Filing Stats: 408 words · 2 min read · ~1 pages · Grade level 13.3 · Accepted 2024-12-03 16:30:09
Key Financial Figures
- $0.0001 — y shares of a nominal or par value of US$0.0001 each in the capital of the Company be c
- $0.0002 — 1) share of a nominal or par value of US$0.0002 each (each a “ Consolidated Shar
- $50,000 — thorized Share Capital ”) from US$50,000 divided into 500,000,000 shares of a no
Filing Documents
- opra_6-k_2024-agm-result.htm (6-K) — 34KB
- 0000950170-24-132803.txt ( ) — 35KB
From the Filing
6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 001-38588 OPERA LIMITED Vitaminveien 4, 0485 Oslo, Norway (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Voting Results of the 2024 Annual General Meeting of the Company Change of Authorized Share Capital and Share Consolidation IT WAS RESOLVED BY AN ORDINARY RESOLUTION THAT every two (2) issued and unissued ordinary shares of a nominal or par value of US$0.0001 each in the capital of the Company be consolidated into one (1) share of a nominal or par value of US$0.0002 each (each a “ Consolidated Share ”), and such Consolidated Shares shall rank pari passu in all respects with each other in accordance with the Company's currently effective memorandum and articles of association (the “ Share Consolidation ”) such that following the Share Consolidation the authorized share capital of the Company will be changed (the “ Change of Authorized Share Capital ”) from US$50,000 divided into 500,000,000 shares of a nominal or par value of US$0.0001 each, to US$50,000 divided into 250,000,000 shares of a nominal or par value of US$0.0002 each, and no fractional shares be issued in connection with the Share Consolidation. Voting Results of the 2024 Annual General Meeting A total of 137,767,764 ordinary shares (including ordinary shares represented by ADSs), representing 77.9% of all issued and outstanding shares of the Company as of the record date, were present at the meeting in person or by proxy. The voting results are as follows: For Against Abstain Resolutions Votes % Votes % Votes % Change of Authorized Share Capital and Share Consolidation 137,344,082 99.7 % 253,334 0.2 % 170,348 0.1 % The Share Consolidation will become effective on December 6, 2024. Concurrently on the same day, a change in the ADS ratio proportionate to the Share Consolidation will take effect. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Opera Limited Date: December 3, 2024 By: /s/ James Yahui Zhou Name: James Yahui Zhou Title: Chairman of the Board and Chief Executive Officer