Amarin Announces Preliminary Voting Results Following 2023 General Meeting of Shareholders
February 28 2023 - 10:38AM
GlobeNewswire Inc.
Amarin Corporation plc (NASDAQ: AMRN) (“Amarin” or the “Company”)
today announced that, based on the preliminary voting results
provided by its proxy solicitors following the Company’s 2023
General Meeting of Shareholders (the “General Meeting”), Amarin
shareholders have voted to elect all seven of Sarissa’s nominees
and remove Per Wold-Olsen as Chairman of the Board of Directors,
effective immediately.
Amarin’s reconstituted Board will be expanded to 15 directors –
Adam Berger, Patrice Bonfiglio, Paul Cohen, Mark DiPaolo, Erin
Enright, Keith Horn, Jan van Heek, Odysseas Kostas, Karim Mikhail,
Geraldine Murphy, Kristine Peterson, Louis Sterling, Dr. Murray
Stewart, Diane Sullivan and Alfonso “Chito” Zulueta. The Board will
appoint a new Chairman in due course.
Amarin issued the following statement:
Amarin appreciates the engagement with our shareholders, as well
as the valuable insights and perspectives they have shared
throughout this process.
While we sought a different outcome, the Board and management
team remain focused on executing Amarin’s strategy, particularly at
this critical juncture with ongoing pricing and reimbursement
negotiations in Europe, International expansion efforts and
continued stabilization of our U.S. business, to deliver near- and
long-term value. We will work constructively with the newly elected
directors toward these shared goals.
We thank Per Wold-Olsen for his unwavering leadership,
dedication and oversight during his tenure on the Board and while
serving as Chairman.
The election results announced today are considered preliminary
until final results are tabulated and certified by the independent
Inspector of Elections. Final results will be reported on a Form
8-K that will be filed with the Securities and Exchange
Commission.
AdvisorsJ.P. Morgan is acting as financial
advisor. Ropes & Gray LLP and Goodwin Procter LLP are acting as
legal advisors to the Company.
About AmarinAmarin is an innovative
pharmaceutical company leading a new paradigm in cardiovascular
disease management. From our foundation in scientific research to
our focus on clinical trials, and now our commercial expansion, we
are evolving and growing rapidly. Amarin has offices in
Bridgewater, New Jersey in the United States, Dublin in Ireland,
Zug in Switzerland, and other countries in Europe as well as
commercial partners and suppliers around the world. We are
committed to increasing the scientific understanding of the
cardiovascular risk that persists beyond traditional therapies and
advancing the treatment of that risk.
Forward-Looking StatementsThis press release
contains forward-looking statements which are made pursuant to U.S.
federal securities law. These forward-looking statements are not
promises or guarantees and involve substantial risks and
uncertainties. A further list and description of these risks,
uncertainties and other risks associated with an investment in
Amarin can be found in Amarin’s filings with the U.S. Securities
and Exchange Commission, including Amarin’s annual report on
Form 10-K for the full year ended 2021, and Amarin’s
quarterly reports on Form 10-Q for the quarters ended
March 31, 2022, June 30, 2022, and September 30,
2022, and its other filings. Existing and prospective investors are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date they are made. Amarin
undertakes no obligation to update or revise the information
contained in its forward-looking statements, whether as a result of
new information, future events or circumstances or otherwise.
Amarin’s forward-looking statements do not reflect the potential
impact of significant transactions the company may enter into, such
as mergers, acquisitions, dispositions, joint ventures or any
material agreements that Amarin may enter into, amend or
terminate.
Amarin Contact Information
Investor Inquiries:Lisa DeFrancescoInvestor Relations Amarin
Corporation plcinvestor.relations@amarincorp.com (investor
inquiries)
Media Inquiries:Mark MarmurCorporate Communications, Amarin
Corporation plcPR@amarincorp.com (media inquiries)
OrSteve Frankel / Andi Rose / Tali EpsteinJoele Frank, Wilkinson
Brimmer Katcher212-355-4449
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