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Opera Software ASA (OPERA.OL)

OPERA.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Opera Software CEO bought 133,194 shares
Monday, 21 Nov 2016 02:00am EST 

Opera Software Asa : CEO Lars Boilesen purchased 133,194 shares in opera software asa at an average price of nok 52.93 per share on 18.november 2016 . Petter Lade purchased 40,000 shares in opera software asa at an average price of nok 52.94 per share . Sverre Munck purchased 10,000 shares in opera software asa at an average price of nok 51.88 . Frode Jacobsen purchased 10,000 shares in opera software asa at an average price of nok 51.60 . Andreas Thome purchased 30,000 shares in opera software asa at an average price of nok 52.96 . Audun Iversen purchased 10,000 shares in opera software asa at an average price of nok 52.75 .Jason Hoida purchased 4,352 shares in opera software asa at an average price of nok 51,25.  Full Article

Opera Software says to postpone Q3 earnings report to Nov 10
Monday, 3 Oct 2016 02:15am EDT 

Opera Software Asa : Says regarding the share purchase agreement entered into on 17 July between Opera Software and Golden Brick Capital Private Equity Fund, on the sale and purchase of Opera's consumer business: . Regulatory review by CFIUS is still ongoing . Parties agree that required part of reorganization that is to take place prior to closing was completed by september 30 . Third prepayment of usd 275 million is due and payable to escrow . Prepayment will be paid in tranches during month of october . Once full third prepayment has been made, amount held in escrow will be equal to full enterprise value of transaction . Closing of transaction will take place once cfius has concluded its review .Opera is moving date for 3q16 reporting from 26 october 2016 to 10 november 2016.  Full Article

Opera Software Q2 EBITDA as expected, keeps 2016 guidance
Wednesday, 31 Aug 2016 01:15am EDT 

: Opera Software q2 revenues $162.9 million (Reuters poll $169 million) and vs $146.2 mln in q2 2015 . Opera Software q2 adjusted ebitda $20.3 million (Reuters poll $20 million) and vs $29.5 mln in Q2 2015 . Opera Software sees 2016 adjusted EBITDA at $100-125‍​ million (Reuters poll $101 million) and versus guidance of $100-125 million in q1 report . Opera software sees 2016 revenues at $690-$740 million (Reuters poll $721 million) and versus guidance of $690-740 million in q1 report . Excluding consumer business, adjusted ebitda for the company's full fiscal year 2016 is projected to be in the range of $75m to $90m . Opera Software - excluding consumer business, revenue for the company's full fiscal year 2016 is projected to be in the range of $570m to $605m file:///C:/Users/u8018554/Downloads/2Q16_Press_release.pdf Further company coverage: [OPERA.OL] (Reporting By Ole Petter Skonnord) ((olepetter.skonnord@thomsonreuters.com;)).  Full Article

BRIEF-Opera Software Q2 EBITDA as expected, keeps 2016 guidance
Wednesday, 31 Aug 2016 01:00am EDT 

: Opera Software q2 revenues $162.9 million (Reuters poll $169 million) and vs $146.2 mln in q2 2015 . Opera Software q2 adjusted ebitda $20.3 million (Reuters poll $20 million) and vs $29.5 mln in Q2 2015 . Opera Software sees 2016 adjusted EBITDA at $100-125‍​ million (Reuters poll $101 million) and versus guidance of $100-125 million in q1 report . Opera software sees 2016 revenues at $690-$740 million (Reuters poll $721 million) and versus guidance of $690-740 million in q1 report . Excluding consumer business, adjusted ebitda for the company's full fiscal year 2016 is projected to be in the range of $75m to $90m . Opera Software - excluding consumer business, revenue for the company's full fiscal year 2016 is projected to be in the range of $570m to $605m file:///C:/Users/u8018554/Downloads/2Q16_Press_release.pdf Further company coverage: [OPERA.OL] (Reporting By Ole Petter Skonnord) ((olepetter.skonnord@thomsonreuters.com;)) Keywords: (REPEAT).  Full Article

Opera Software deal yet to receive regulatory approval, shares plunge
Tuesday, 12 Jul 2016 03:18am EDT 

Opera Software says: Condition to offer set out in section 4.3 c. of offer document (consent of governmental authority) has not yet been satisfied . Based on information available, offeror is uncertain whether this condition will be satisfied prior to drop dead date of offer, which is July 15, 2016. . On this background, offeror has been discussing with Opera in order to explore alternative options available and will update market in due course. . The consortium behind the takeover bid includes Chinese firms Qihoo 360 Technology Co Ltd and Beijing Kunlun Tech Co <300418.SZ> .Shares in opera software down 10.7 percent after announcement.  Full Article

Opera Software: Final acceptance rate for takeover bid at 91.4 pct
Friday, 27 May 2016 03:13am EDT 

Opera Software : The final results show that the Offeror has received acceptances for a total of 133,978,843 shares since the commencement of the offer period, representing 91.4% of all the issued shares of the Company . The Offeror accordingly holds right to 133,978,843 shares in the Company, representing 91.4% of all the issued shares of the Company and 91.6% of the votes in the Company . The bidders had needed more than 90 percent by a May 24 deadline .The consortium behind the takeover bid is made up of Qihoo 360 Technology Co Ltd , Beijing Kunlun Tech Co <300418.SZ>, Golden Brick Silk Road (Shenzhen) Equity Investment Fund and its Yonglian Investment affiliate.  Full Article

Opera Software buyers confirm shareholders accept takeover bid
Wednesday, 25 May 2016 02:39am EDT 

Opera Software : The consortium behind the bid says the preliminary result, which is subject to confirmation and may be adjusted, is that offeror has received acceptances of offer for 90.6 pct of outstanding share capital and 90.9 pct of votes in company . The final result will be published as soon as it is available . Preliminary result of offer indicates that minimum acceptance of offer document has been met . To move on with the deal, the buyers had required more than 90 percent acceptance before the May 24 deadline .The offer still depends on approval from U.S. and Chinese authorities however.  Full Article

Opera Software bid acceptance rate rises to 89 pct
Tuesday, 24 May 2016 09:38am EDT 

Opera Software : A total of around 89 percent of shareholders have said they accept the takeover bid from a Chinese consortium by Tuesday's 1430 GMT deadline . This includes the shares comprised by pre-acceptances . Unless the offeror has received acceptances from shareholders representing more than 90 pct of the shares by the end of the offer period, the offer will lapse . The Offer Period will expire today at 16.30 (CET) and cannot be extended any further .The consortium behind the takeover bid includes Chinese firms Qihoo 360 Technology Co Ltd and Beijing Kunlun Tech Co <300418.SZ>.  Full Article

Opera Software bid acceptance rate rises to 84 pct
Tuesday, 24 May 2016 03:50am EDT 

Opera Software : A total of 84 percent of shareholders have said they either accept the bid or will accept the bid by Tuesday's 1430 GMT deadline . The consortium bidding for the firm has received acceptances from shareholders representing 81.1 pct of the shares . In addition, shareholders representing 2.9 pct of the shares in the Company will be tendered before the expiry of the offer period . The offer period will expire today at 16.30 CET . Unless the offeror has received acceptances from shareholders representing more than 90 pct of the shares by the end of the offer period, the offer will lapse . The consortium behind the takeover bid includes Chinese firms Qihoo 360 Technology Co Ltd and Beijing Kunlun Tech Co <300418.SZ> Further company coverage: [OPERA.OL] (Reporting By Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Opera Software says Chinese consortium offer received acceptance from 72.7 pct of shareholders
Thursday, 19 May 2016 10:10am EDT 

Opera Software says: Period for offer will expire on Tuesday May 24 2016 at 16.30 CET (1430 GMT) . There will be no further extensions to offer period. . As of May 19, offeror has received acceptances of offer from shareholders representing 72.7 percent . Unless the offeror has received from shareholders representing more than 90 percent of the shares in the company by the end of the offer period, the offer will lapse . Offeror hereby announces that said minimum acceptance condition will not be waived .Offeror is confident that offer will be completed if minimum acceptance condition is satisfied.  Full Article

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BRIEF-Opera Q1 revenues, earnings miss forecast

* q1 adjusted ebitda $0.5 million (Reuters poll $9.5 million)