Oslo, Norway June 6, 2012. Opera Software ASA (the "Company") refers to
the Annual General Meeting ("AGM") held yesterday. At the AGM, the
shareholders approved to renew the authorizations to the Board of
Directors to buy back own shares and to issue new shares as part of the
Company's employee stock incentive programs. The current employee stock
incentive program consists of the option program as approved by the
Annual General Meeting in 2011, and comprises a maximum grant of
11,950,000 options during 2011 - 2014.
In order to finance the stock incentive programs following exercise of
options, the Board of Directors may buy back shares or approve to issue
new shares, or decide to utilize a combination thereof, all in
accordance with the authorizations as approved yesterday. Any buy back
of shares or issuance of new shares pursuant to the authorizations may
take place in the period as from the authorizations have been registered
with the Norwegian Register of Business Enterprises and up and until 30
June 2013. The authorizations as approved at the Annual General Meeting
in 2011 will remain in force until the earliest of the registration of
the new authorizations and 30 June 2012. The Company currently owns 792
452 treasury shares. The Company has 119,574,782 shares outstanding.
Petter Lade, Investor Relations
Tel: +47 2369 3444
Opera Software ASA has redefined Web browsing for PCs, mobile phones and
other networked devices. Opera's cross-platform Web browser technology
is renowned for its performance, standards compliance and small size,
while giving users a faster, safer and more dynamic online experience.
Opera Software is headquartered in Oslo, Norway, with offices around the
world. The company is listed on the Oslo Stock Exchange under the ticker
symbol OPERA. Learn more about Opera at http://www.opera.com.