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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Aug. 24, 7:54 AM

Slide #22. Amarin Corporation plc Secondary Offering

Company: Amarin Corporation plc (NASDAQ:AMRN)
Date announced: 8/10/2016
Shares Offered: 21,100,000
Date of Pricing: 8/11/2016
Price Per Share: $2.85
Secondary Offering Details: Amarin Corporation plc (NASDAQ:AMRN) today announced that it has commenced an underwritten public offering of its American Depositary pursuant to a shelf registration. All of the shares in the proposed offering are to be sold by Amarin. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering. -updated 8/11- Amarin Corporation plc (NASDAQ:AMRN) today announced the pricing of an underwritten public offering of 21,100,000 American Depositary Shares ("ADSs") at a price to the public of $2.85 per ADS. The net proceeds to the company from this offering are expected to be approximately $56.1 million, after deducting underwriting discounts and commissions and other estimated offering expenses. The offering is expected to close on or about August 16, 2016, subject to customary closing conditions.

Amarin is a biopharmaceutical company. Co. is focused on the commercialization and development of therapeutics for cardiovascular health. Co.'s main product, Vascepa® (icosapent ethyl) capsules, is for use as an adjunct to diet to reduce triglyceride levels in adult patients with severe hypertriglyceridemia. Co. refers this indication for Vascepa as the MARINE indication. Vascepa is available in the U.S. by prescription only. Co. is also developing Vascepa for the treatment of patients with high triglyceride levels who are also on statin therapy for elevated low-density lipoprotein cholesterol, levels which Co. refer to as mixed dyslipidemia.
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Company Name:  Amarin Corp Plc
Website:  www.amarincorp.com
Sector:  Biotechnology
Number of ETFs Holding AMRN:  6
Total Market Value Held by ETFs:  $8.22M
 

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August 24, 2016    7:54 AM Eastern
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