Replies to post #150923 on Amarin Corp Plc (AMRN)

[Whalatane]

Amarin initiates mandatory exchange of $30M of senior debt

Oct. 19, 2018 4:40 PM ET|About: Amarin Corporation PLC (AMRN)|By: Douglas W. House, SA News Editor
Amarin (NASDAQ:AMRN), through its wholly owned subsidiary Crosicano II Designated Activity Company, exercises its option to exchange all of the outstanding $30M of its 3.50% January 2017 Exchangeable Senior Notes due 2047 into American Depositary Shares (ADSs) at ~$3.89 per ADS (257.2016 ADSs per $1,000 principal amount of the Notes). The aggregate number of ADSs issued will be 7,716,048.

Kiwi

[VuBru]

I think I understand - dilution technically but value of the company is unchanged.

[VuBru]

Dan - What are your thought on whether this might actually increase the PPS short term? It would seem to reduce uncertainty about further dilution from pending secondaries.

[Restingzebra]

Thx Dan. Appreciate and value your input.