Opera Limited Files its Annual Report on Form 20-F

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Opera Limited (NASDAQ: OPRA) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. This filing regains compliance with Nasdaq's Listing Rule 5250(c)(1) after a previous notification of non-compliance due to delays from COVID-19 impacts on its investee, Nanobank. The annual report is accessible via the Company's investor relations site and can be requested as a hard copy free of charge by shareholders. Opera is a prominent internet consumer brand, offering web and fintech solutions to hundreds of millions globally.

Positive

• Filed annual report on Form 20-F regaining compliance with Nasdaq regulations.

Negative

• Previously notified of non-compliance with Nasdaq due to late filing of annual report.

OSLO, Norway, June 11, 2021 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA) (the "Company"), one of the world's largest internet consumer brands with hundreds of millions of users worldwide, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission.

The annual report can be accessed on the Company's investor relations website at https://investor.opera.com/sec-filings or the SEC's website at https://www.sec.gov. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and the ADS holders upon request. Requests should be directed to investor-relations@opera.com or by writing to:

Opera Limited
Vitaminveien 4
NO-0485 OSLO
Attention: Investor Relations

On May 18, 2021, the Company received a letter from the Nasdaq Stock Market ("Nasdaq") notifying the Company that as a result of not filing its annual report by its due date of April 30, 2021, the Company was not in compliance under Nasdaq Listing Rule 5250(c)(1). As indicated in Company's first quarter 2021 earnings release dated April 27, 2021, this delay was the result in part of COVID-19 impacts on our investee, Nanobank, which is conducting its first annual closing of IFRS figures across all of its active markets, and the related external audit under PCAOB auditing standards, upon which the Company relies in finalizing its reporting on Form 20-F. By having filed our annual report on Form 20-F, we regain compliance under Rule 5250(c)(1).

About Opera
Opera is a global web innovator. Opera's browsers, news products and fintech solutions are the trusted choice of hundreds of millions of users worldwide. Opera is headquartered in Oslo, Norway and listed on the NASDAQ stock exchanges (OPRA). Download the Opera browser from www.opera.com.

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SOURCE Opera Limited

FAQ

What was Opera's annual report filing date for 2020?

Opera filed its annual report on Form 20-F on June 11, 2021.

How does Opera's delayed filing affect its Nasdaq compliance?

The delay initially resulted in a notification of non-compliance, but filing the report restored compliance with Nasdaq rules.

Where can I access Opera's annual report?

The annual report can be accessed on Opera's investor relations website or the SEC's website.

What caused the delay in Opera's annual report filing?

The delay was primarily due to COVID-19 impacts on its investee, Nanobank, affecting the audit process.

What is Opera Limited's stock symbol?

Opera Limited is listed on NASDAQ under the stock symbol OPRA.