Replies to post #420028 on Amarin Corp Plc (AMRN)

[couldbebetter]

JRoon71, Good points! That would indicate they
must run AMRN with profits going forward. What is
interesting is if the share price is low once they are
in a position to buy, they could buy back a significant
number of shares. If the shares are overvalued, they
may decide to limit purchases. If Denner plans to
eventually sell the company then share buybacks
will help reduce the shares outstanding and increase
the per share value from a BO.

[Birdbrain Ideas]

Except Amarin is actually registered in the UK, so I imagine the company is subject to the rules there rather than the rules in Ireland.

[ziploc_1]

Amarin is subject to UK law...not Irish law

"On January 9, 2024, Amarin entered into a conditional share repurchase agreement with Cantor Fitzgerald & Co. (“Cantor”) to purchase up to $50 million of Amarin’s ordinary shares held in the form of American depository shares (ADSs). The implementation of the share repurchase program will require Amarin shareholder approval as well as UK High Court approval, AS REQUIRED UNDER UK COMPANY LAW. The Company intends to call its 2024 annual general meeting of shareholders early in the second quarter of 2024 to seek shareholder approval of the program, which would be followed by the UK High court process. Amarin anticipates that these steps could be completed by the end of the second quarter of 2024, with share repurchases commencing shortly thereafter."