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Corsicanto II DAC (IRSH)

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Friday 09 November, 2018

Corsicanto II DAC

Notice to Noteholders

RNS Number : 9356G
Corsicanto II DAC
09 November 2018
 

CORSICANTO II DAC

3.50% Exchangeable Senior Notes due 2047 (ISIN: US220485AB21)

 

9 November 2018

 

As previously disclosed in its Current Report on Form 8-K filed on October 19, 2018, Corsicanto II Designated Activity Company ("Corsicanto II"), a wholly-owned subsidiary of Amarin Corporation plc (the "Company"), gave notice on October 19, 2018 to mandatorily exchange the $30.0 million in aggregate principal amount of its January 2017 3.50% Exchangeable Senior Notes due 2047 (the "Notes") into the Company's American Depositary Shares (the "Shares") representing the Company's ordinary shares, par value £0.50 per share on November 2, 2018, subject to the terms and conditions of the Indenture, dated January 25, 2017, by and among Corsicanto II, the Company, and Wilmington Trust, National Association, as trustee, governing the Notes.

 

The mandatory exchange of the Notes became effective on November 2, 2018, and was settled on November 7, 2018. In accordance with the terms of the Indenture governing the Notes, the final as-adjusted exchange rate was 257.2016 Shares per $1,000 of principal amount of the Notes. This exchange

rate resulted in approximately 7,716,048 Shares being issued in aggregate (before any payment of cash in lieu of fractional Shares) in exchange for the Notes.

 

The Company issued the Shares pursuant to the exchange of the Notes in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended. The mandatory exchange of the Notes retired all of the outstanding Notes, and the issuance of the Shares also satisfied the Company's obligations with respect to any accrued and unpaid interest on the Notes as of the effective date of the mandatory exchange. 

 

The Issuer wishes to announce that it has applied to Euronext Dublin to delist the Notes with immediate effect.

 

A copy of the Company's Form 8-K in respect of the above can be accessed at https://investor.amarincorp.com/static-files/c2ce21ef-4823-4447-b9fb-a31c1d254952.

 

Amarin Contact Information

Investor Relations:

Elisabeth Schwartz

Investor Relations and Corporate Communications

Amarin Corporation plc

In U.S.: +1 (908) 719-1315

[email protected]

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.


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