Sarissa Capital Uncovers That Amarin’s Registrar Had Not Been Instructed to Accept Blue Proxy Cards Even Though Legally Required to Do So

Rhea-AI Summary

Sarissa Capital has raised concerns about Amarin's handling of proxy votes, claiming that Amarin's registrar was not instructed to accept blue proxy cards as required by law. This situation is viewed as an attempt to disenfranchise shareholders. Sarissa, the largest shareholder with over 25 million shares, has ensured that all votes submitted on the blue proxy card will be counted. They urge shareholders to vote 'FOR' their nominees and the removal of Chairman Per Wold-Olsen by the February 21, 2023 deadline. Sarissa believes that Amarin requires significant change to unlock its potential.

Positive

• Sarissa Capital owns over 25 million shares, representing a significant stakeholder position.
• Sarissa has corrected the proxy voting issue, ensuring that blue proxy cards will be counted.

Negative

• Amarin's registrar failed to accept blue proxy cards, which may indicate internal mismanagement.
• Sarissa suggests that Amarin may be attempting to entrench itself and disenfranchise shareholders.

Sarissa Assumes That Amarin Knew This Conduct Was Going On and Did Nothing To Stop It

Sarissa Acted to Correct the Issue, Ensuring That All Votes Submitted On The Blue Proxy Card Will Be Counted at the Amarin General Meeting

Amarin Shareholders That Already Voted on the Blue Proxy Card Do NOT Need to Take Any Action; Your Vote Will be Counted

GREENWICH, Conn.--(BUSINESS WIRE)-- Sarissa Capital Management LP (“Sarissa”) today issued the following statement regarding Amarin Corporation plc (NASDAQ: AMRN):

Sarissa Capital, in voting its shares, uncovered that Amarin’s registrar, the firm retained by Amarin to receive and process proxy cards, had not been instructed to accept blue proxy cards even though legally required to do so. Amarin’s registrar believed it was only authorized to accept and process the white proxy cards. Sarissa assumes this conduct was condoned by, or worse, coordinated with Amarin. We believe this is another attempt by Amarin to entrench themselves and disenfranchise shareholders. Fortunately for shareholders, Sarissa acted to correct this problem and all votes that have been or will be submitted on the blue proxy card will be accepted.

IF YOU ALREADY VOTED “FOR” ALL PROPOSALS AND SUBMITTED YOUR BLUE PROXY CARD, THERE IS NOTHING ELSE YOU NEED TO DO TO SUPPORT SARISSA’S NOMINEES. YOU DO NOT NEED TO VOTE AGAIN.

Amarin is in dire need of change. Sarissa is Amarin’s largest shareholder, owning more than 25 million shares. We are long term shareholders and have not sold any shares since acquiring our position. We have a stellar track record of success, including in the cardiovascular space, and we believe our nominees have the experience and qualifications to help unlock Amarin’s true potential.

You can vote on the blue proxy card or the white proxy card, but if you want to fully support Sarissa, you must make sure that all “FOR” boxes are marked on your proxy card (blue or white) before you submit it.

If you have any questions on how to vote, we recommend that you contact Sarissa’s proxy solicitor, D.F. King, by calling (800) 331-7024 or emailing AMRN@dfking.com.

We urge all shareholders to vote “FOR” the Sarissa Nominees and “FOR” the removal of Chairman Per Wold-Olsen on or prior to the deadline on Tuesday, February 21, 2023.

#FreeAmarin

Visit our website at www.freeamarin.com for helpful information about Sarissa and the need for change at Amarin.

The General Meeting of Amarin shareholders is scheduled for February 28, 2023, BUT TO MAKE SURE YOUR VOTE COUNTS, SUBMIT YOUR VOTE ON OR BEFORE TUESDAY, FEBRUARY 21, 2023.

Additional Information

Sarissa Capital Management LP (“Sarissa Capital”), together with other participants, filed a definitive proxy statement and an accompanying blue proxy card with the SEC on January 31, 2023, in connection with the solicitation of shareholders of Amarin Corporation plc (the “Company”) at the general meeting of the Company for the election of Sarissa Capital’s slate of highly-qualified nominees (the “General Meeting”). Shareholders are advised to read the definitive proxy statement and other relevant documents related to the General Meeting as they contain important information.

The definitive proxy statement and other relevant documents are available at no charge on the SEC’s website at www.sec.gov and at www.freeamarin.com. The definitive proxy statement and other relevant documents are also available at no charge by directing a request to Sarissa Capital’s proxy solicitor, D.F. King & Co., Inc., 48 Wall Street, New York, New York 10005 (Shareholders can call toll-free: (800) 331-7024).

View source version on businesswire.com: https://www.businesswire.com/news/home/20230215005880/en/

Jean Puong

Sarissa Capital Management LP

info@sarissacap.com

Source: Sarissa Capital Management LP

FAQ

What proxy card should Amarin shareholders use to vote?

Amarin shareholders can use either the blue or white proxy card, but must mark all 'FOR' boxes to support Sarissa.

When is the Amarin general meeting scheduled?

The Amarin general meeting is scheduled for February 28, 2023.

What is the voting deadline for Amarin shareholders?

Amarin shareholders must submit their votes by February 21, 2023.

What is the main concern raised by Sarissa Capital regarding Amarin?

Sarissa Capital is concerned about Amarin's registrar not accepting blue proxy cards, which they believe could disenfranchise shareholders.