Amarin Corp Plc (AMRN)

[Will Lar]

HDG - Amazing tracking! Thank you for the clarification.

I may be slow at following the numbers here. So it sounds that by 9/30/2018, BB owned 289,317,460 Series A Convertible Pref Stocks. By 3/31/2020, BB owned 34,496,685 ADS which you suggest is the sum of 5,564,939 ADS and 28,931,746 ADS that were possibly converted from Series A convertible pref stocks which were the entirety of their A share pool. Is that right?

Basically I am able to follow your explanation till March, 2020. But I am confused with the numbers for June, 2020.

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.

where did the 237,713,680 Series A pref stocks come from? Seems that you suggest these pref stocks belong to BB. If so, why didn't you mention their purchase in the message. In addition, the composition of the 6/30/202 shares are completely different from that of 3/31/2020 even though the sum is the same. Can you please elaborate on how you arrived the numbers for 6/30/2020?

Greatly appreciate your inputs!!