Amarin Corp Plc (AMRN)

[amarininvestor]

I have a question for the board regarding Contingent Value Rights or CVR and stock-options

Before I ask the question, I would like to tell you why I am interested in learning about this. I am thinking about he possibility that BP buys Amarin now (let's say 20 dollars) with a CVR depending on the outcome of the appeal (let's say another 30 dollars if positive). If you holds shares, it is clear, if the appeal becomes successful you would get 50dollars/stock

Now what happens if you have LEAPS ( for 2022). Do you have to exercise at the time of company formalizing acquisition (perhaps when investors have only received 20 dollars) or can you wait to exercise later when you will be able to exercise for 50 dollars (sh+CVRs)

Thanks all for your help