Amarin Corp Plc (AMRN)

[lizzy241]

HDG, what I'm trying to say is since Sarissa is the single largest holder of amarin shares he/they have the right to call a special meeting and based on the final tally of votes they have over 10% of against and abstained votes to gain control of the BOD.

Understanding a Controlling Interest
A controlling interest is, by definition, at least 50% of the outstanding shares of a given company plus one. However, a person or group can achieve a controlling interest with less than 50% ownership in a company if that person or group owns a significant portion of its voting shares, as not every share carries a vote in shareholder meetings.

Having a controlling interest gives a shareholder or group of shareholders significant influence over the actions of a company. A party can achieve a controlling interest as long as the ownership stake in a company is proportionately substantial relative to the total voting stock.

With the majority of large public companies, for example, a shareholder with much less than 50% of the outstanding shares may still have a lot of influence at the company. Single shareholders with as little as 5% to 10% ownership can push for seats on the board or enact changes at shareholder meetings by publicly lobbying for them, giving them control.