Replies to post #382537 on Amarin Corp Plc (AMRN)

[Number sleven]

HDG, I haven't read the law either. I would be surprised if it wasn't a majority vote and not a majority of outstanding shares. If Dr. Denner calls for a meeting I will look into it.
Sleven,

[OldYeller187]

This is a good point/question and something I have been wondering about too, based on the wording you mentioned in Denner's press release.

From a quick look, I think this process is covered by UK Companies Act 1948 - I found the following :

"Since the Companies Act 1948 UK shareholders have had the right to remove all or any of the directors at any time by simple majority vote (and relatively easy mechanisms for convening shareholder meetings against management wishes have been available to them)"

The entire legislation is here: https://www.legislation.gov.uk/ukpga/1948/38/enacted

Off a quick review, I think it just 50% of the votes that are cast, not 50% of the OS. But need to look at it closer.

[Meowza]

enough with the esl legal commentary