Amarin Corp Plc (AMRN)

[HDGabor]

W-

Amarin sold 352,150,790 Series A Convertible Preference Shares in March 2015 to

- Baker Brothers Life Sciences, L.P.: 267,921,860.00
- 667, L.P.: 21,395,600.00
- Stonepine Capital, LP: 37,500,000.00
- Broadfin Healthcare Master Fund: 25,333,330.00

(Please note: 667, L.P. is a BB Co., so BB got 289,317,460 ... Stonepine and Broadfin got 62,833,330).

During the three months ended June 30, 2015, 62,833,330 preferred shares were converted, resulting in the issuance of 6,283,333 ordinary shares. I think it was Stonepine Capital, LP and Broadfin Healthcare Master Fund. 289,317,460 Series A Convertible Preferred Stock was issued and outstanding as of June 30, 2015 ... exactly the same as bought by BB.

In July 2015, Amarin completed an additional sale of 38,867,180 Series A Preference Shares to Sofinnova Venture Partners VII, L.P. (Please note: Sofinova has a right of first refusal to purchase up to 9.94% of an offering by the Company of its ordinary shares or any securities exercisable into ordinary shares [based on October 12, 2009 Securities Purchase Agreement]). 328,184,640 Series A Convertible Preferred Stock was issued and outstanding as of September 30, 2015 ... exactly the same as bought by BB & Sofinova.

During the three months ended September 30, 2018, the Company issued 3,886,718 ADSs upon consolidation and redesignation of 38,867,180 Series A Preference Shares. ... exactly the same as bought by Sofinova. 289,317,460 Series A Convertible Preferred Stock was issued and outstanding as of September 30, 2018 ... exactly the same as bought by BB.

HOWEVER

I admit I was wrong when I said / thought that Baker Brothers "sold 23,771,368 in Q2".

I thought BB owned 34,496,685 ADSs (each representing one Ordinary Share) as of March 31, TOP OF the Series A Preference Shares ... but they did not.
The 34,496,685 includes:
- 5.564.939 ADSs
AND
- 28,931,746 ADS that may be acquired upon the conversion of the Series A Preference Shares.

As 237,713,680 preferred shares were converted, resulting in the issuance of 23,771,368 ordinary shares in April 2020, as of June 30, 2020, BB owned 34,496,685 as:
- 29,336,307 ADSs and
- 5,160,378 ADS that may be acquired upon the conversion of the Series A Preference Shares.

Best,
G